【明報專訊】A new record has been set for Hong Kong plot prices. A waterfront residential plot in Cheung Sha Wan has been sold by tender to a consortium led by Sino Land for $17.288 billion, shattering the record of $16.855 billion set by an Ap Lei Chau site early this year. The Hong Kong property market is in a crazy state, so much so two new records have been set for residential sites within just one year. This has swelled public coffers, and investors are pleased to see property prices reaching one new high after another. To ordinary citizens, however, this is hardly a good thing. As property prices are now completely out of tune with the level that the general public find affordable, the setting of a new record for a residential plot only lends credence to the ridiculousness of property prices, and this is not cause for celebration to society.