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Real Estate Briefing - Categorized | Finance, Market Moves more

Pricey pad points to a defiant Hong Kong market

Posted on 15 November 2012

Recent measures by the Hong Kong government to cool one of the world’s most expensive real estate markets may have dented transaction volumes, but property prices remain high and will continue to rise, analysts told CNBC on Wednesday.
Real estate firm Swire Properties made headlines on Tuesday after announcing the sale of a 6,683 square foot apartment in the Frank Gehry designed OPUS HONG KONG building for a whopping HK$455 million ($58.7 million). That works out to more than $8,700 per square foot — setting a record in Hong Kong, according to local reports………………………………………..Full Article: Source


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