Asia Set A New Real-Estate Price Record

Asia Set A New Real-Estate Price Record

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A luxury apartment in Hong Kong has sold for a record US$ 61 million. According to local media it was the highest price per square meter paid in Asia for new developments and the second-highest in the world, after London's One Hyde Park.

The apartment sold is situated on the city's Peak and is part of architect Frank Gehry's first creation in Asia, the Opus. The building, which was completed in March, has an undulating glass facade that curves and offers each floor a distinct vista of the surrounding leafy environs. The 576 square meters unit takes up the entire eighth floor of the 12-story building. The tower is comprised of 12 residential units, two double-level garden suites with private swimming pools on the lower levels, and 10 custom apartments, each occupying an entire floor with unprecedented 360dg views, ranging from 560 - 640 sqm in space.

Hong Kong has seen its share of vertigo-inducing records before, including the 2009 sale of an apartment for US$ 56.6 million. And the world's most expensive apartment was sold in Monaco in September, 2010. As we reported the apartment with 1600 square meter area was sold by US$ 306.5 million.