Hong Kong apartment sells for whopping $57 million

HONG KONG - 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 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....More