Hong Kong’s home market may see “another good year” in 2010 as buyers remain financially sound, according to Sun Hung Kai Properties, the world’s biggest developer by market value.

“We don’t see any bubbles in the market,” Victor Lui, executive director of Sun Hung Kai’s real estate arm, said at a briefing yesterday.

An economic recovery in Hong Kong, near-zero interest rates on savings, 20-year low mortgage rates and record low supply spurred a 29% gain in overall existing home prices last year, leading the government to raise property taxes and down- payments to cool the market.