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SUNDAY, NOVEMBER 22, 2009
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 WHAT HOUSING BUST? 
4

World's Priciest Apartment Sells for $56M

Hong Kong duplex goes to mainland Chinese buyer

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(Newser) – A mainland Chinese buyer has purchased the most expensive apartment in the world, a duplex at the top of a Hong Kong highrise selling for $56.6 million. Hong Kong exited recession in the second quarter and its property market has rebounded strongly, although with prices up 30% this year the government has voiced fears another bubble. The apartment is on the "68th" floor of a 40-story building—the developer took a few liberties in numbering.

An apartment in Hong Kong has sold for $56.6 million, the highest price ever for an apartment.
An apartment in Hong Kong has sold for $56.6 million, the highest price ever for an apartment.   (©AndyFitz)
A mainland Chinese buyer purchased the duplex, located in Mid-Levels on Hong Kong Island.
A mainland Chinese buyer purchased the duplex, located in Mid-Levels on Hong Kong Island.   (©David Bailey MBE)
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4 comments
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phil
Oct 15, 09 6:05 AM CDT
I am pretty sure there are apartments on regents park worth more than this. Reply
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DarkFrancis
Oct 15, 09 7:34 AM CDT
London vies with Moscow for most expensive real estate in Europe but I think HK has it licked. I was in Tasmania a few weeks ago and saw the most beautiful real estate for dirt cheap prices. A sample: http://www.realestate.com.au/realestate/tas/east+hobart/dunalley/2681496
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Fondue
Oct 15, 09 10:58 AM CDT
Yay! The super wealthy are doing well. The rest of us, not so much. Thanks for reminding us. Reply
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IN RESPONSE:
bewilderbeast
Oct 16, 09 6:47 AM CDT
Me too - SO relieved this guy has squeaked thru the recession and is doing OK. Probly his 3rd "home".
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