World's Priciest Apartment Sells for $56M

Hong Kong duplex goes to mainland Chinese buyer
By Jason Farago,  Newser Staff
Posted Oct 15, 2009 5:50 AM CDT
An apartment in Hong Kong has sold for $56.6 million, the highest price ever for an apartment.   (©AndyFitz)
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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.