Also from the AP.
In addition to just the sheer barf-worthy nature of it all, there's a little surprise.
You have to wait for the fourth paragraph here.
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 Wednesday amid growing fears of a real estate
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.
Aside from an aroma spa center, fitness
room, outdoor yoga gym and grand harbor views, the new homeowner will
enjoy an exclusive address in the hills of Hong Kong's main island — "a
majestic realm for the city who's who," according to a statement from
The deal comes at a time when ever-higher prices
of Hong Kong real estate, benefiting from mainland China's booming
market and easy money sloshing through the world financial system, are
inspiring worries of a bubble in the making. Several blockbuster deals
in the tens of millions of dollars have made headlines of late.
Did you catch it?
The part about "easy money sloshing through the world financial system"?