Next real estate bubble, Hong Kong - Chicagoland Sportbikes
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post #1 of 5 (permalink) Old 10-14-2009, 12:55 PM Thread Starter
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Next real estate bubble, Hong Kong

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 bubble.

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.

http://news.yahoo.com/s/ap/20091014/...sive_apartment

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post #2 of 5 (permalink) Old 10-14-2009, 01:33 PM
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post #3 of 5 (permalink) Old 10-14-2009, 01:57 PM
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Quote:
Originally Posted by under200 View Post
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 bubble.

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.

http://news.yahoo.com/s/ap/20091014/...sive_apartment

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post #4 of 5 (permalink) Old 10-14-2009, 01:58 PM
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All that trade surplus money has to end up somewhere, too.

Attorney-at-Law: Doing my part to contribute to the downfall of western society.
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post #5 of 5 (permalink) Old 10-14-2009, 02:03 PM Thread Starter
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All that trade surplus money has to end up somewhere, too.
Sadly true.

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