| The cost of real estate in Asia — at least in the continent’s financial centers — is rapidly catching up to levels only before seen in New York and London. An apartment in Hong Kong was sold for $58.7 million in October, Bloomberg reports, setting a new record in how much the world’s über-rich are willing to spend for a posh address.
Swire Properties, a centuries-old real estate developer in the former British colony, sold the 6,683-square-foot apartment to an unnamed buyer last month, the company revealed yesterday. The sales price equals $8,800 per square foot or $94,500 per square meter, a record in the largely autonomous Chinese city...............................................Full Article: Source
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