30 Sep '17, 10am

Hong Kong apartment in Mid-Levels sets Asia price record despite government curbs

HONG KONG (Bloomberg) - A luxury home in Hong Kong set a price record for apartment sales in Asia, even as the government seeks to tame property prices in the world's least affordable market. The penthouse duplex unit in Henderson Land Development's 39 Conduit Road project in Mid-Levels was sold for about HK$522 million (S$90.7 million), or HK$105,000 per sq ft, the city's Sing Tao Daily reported on Saturday (Sept 30), citing an unidentified person. Company representatives did not immediately reply to an email seeking comment sent outside of business hours. Hong Kong home prices hit all-time highs this year, shrugging off government restrictions to cool the market as well as concerns that another real-estate crash could deal a heavy blow to the wealth of the city's 7.4 million people and destabilise its financial system. Centaline Property's Centa-City Leading Index has cl...

Full article: http://www.straitstimes.com/asia/east-asia/hong-kong-apar...

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