【明報專訊】LAST FRIDAY, the government took action to dampen speculation in residential flats, and the ensuing weekend saw the property market rapidly cooling down, with the number of property sales drastically reduced. However, this does not mean that the danger of speculative hot money pushing up asset prices is over. The money is just being redirected to other sectors of the economy. And because of the very limited investment channels in Hong Kong, hot money will continue to flow into the stock market and certain areas of the property market, including commercial premises.