Hong Kong Apartment Sells For Whopping $57 Million

It's a price tag that would make even New Yorkers and Londoners gasp -- an outsized luxury apartment sold for nearly $57 million in Hong Kong Wednesday amid growing fears of a real estate bubble. The five-bedroom duplex suite with as much as 6,158 square feet was sold to an unidentified buyer from mainland China, said the developer, Henderson Land Development, a major Hong Kong property company. It is believed to be Asia's most expensive property by square foot at nearly $9,200....Source

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