Wednesday, October 21, 2009
Most expensive apartment-Hong Kong flat sets
world record
HONG KONG, China -- A luxury five bedroom flat in Hong
Kong
located on 39 Conduit Road
, a luxurious residential
building, was sold for $57m (HK$439 million) -with each sq
foot costing $9,200-setting the new world record for the Most
expensive apartment
. 
Photo: The
most expensive flat
is located in this building in Hong
Kong / AP photo/ Vincent Yu
(enlarge
photo
)
It is believed to be Asia's most expensive
property
– with each sq foot costing $9,200, and the world's most expensive apartment
.
The 6,158 sq ft (557 sq metres)
flat is on the 68th floor of its block and was sold by Henderson
Land Development.
Thomas Lam, from the company, said the building,
offered "a chance to allow the elites in town to enjoy such
prestigious property". Another unit in the same building was
sold for $51 million.
Property prices in Hong Kong have benefited from
mainland China's booming market, however it has one of the
world's most expensive property markets - with many locals
finding it difficult to buy.
The previous most
expensive apartment
was One Hyde Park flats in London,
whose per-sq. foot price was 9,585.23 USD (HK$74,286).
The world's most expensive house is
the Fleur de Lys in Beverly Hills, California, which was bought
for $125 million.
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Wednesday,
October 21, 2009
