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Hong Kong’s rising luxury flat prices make it third priciest city in the world

Posted on 21 November 2012

Only Monaco and London luxury flats more expensive, but city’s prices could moderate as stamp duty deters some mainland buyers. Hong Kong has jumped two places to become the third most expensive city in the world for luxury apartments after a sharp rise in prices this year.
The latest survey by Global Property Guide, a US online property research website, put the average price of luxury apartments in Hong Kong at US$1,893 (HK$14,674) per square foot in November……………………………………….Full Article: Source

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