Housing bubble in Hong Kong? A $57 million dollar apartment says "Yes"

Posted on October 21, 2009 by Stacey Szulka

A land development company announced its sale of an apartment in Hong Kong for the record price of HK $439 million (US $57 million). This news comes on the tails of an announcement by the Hong Kong government that the country, which strictly regulates land use, intends on releasing more land for development to deflate the property bubble.

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