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Hong Kong sets commercial property record

Posted on 10 November 2010

From AFP: Hong Kong’s commercial property prices have soared to a historic high, the city’s biggest realtor said Tuesday, frustrating government efforts to cool one of the world’s priciest real estate markets.
A 79th floor unit in The Center — a downtown skyscraper owned by Hong Kong’s richest man, Li Ka-shing — recently sold for 338 million Hong Kong dollars (44 million US dollars), or about 25,580 Hong Kong dollars a square foot, according to government data……………………………………….Full Article: Source

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