What would you buy if you had money to spare?

What would you buy if you had money to spare?

    November 24 2007 at 04:09PM
 
Hong Kong – A luxury apartment in Hong Kong has set a new record as the most expensive flat in Asia after fetching $36,3-million (about R247-million), a news report said on Saturday. 

The penthouse in Hong Kong’s upscale Mid-Levels district sold earlier this month for a record $5 142 per square foot, the South China Morning Post reported.

The price shattered the precious record for Asia’s most expensive flat which was held by another Hong Kong property that sold in October for $4 370 per square foot.

The Mid-Levels penthouse is on the 52nd and 53rd floors of the Branksome Crest tower and covers 7 088 square feet, the newspaper reported.

It commands views across Victoria Harbour and has a private swimming pool, a 2 700 square feet terrace and a garden. The buyer of the penthouse is not known.

Hong Kong already has the most expensive house in Asia in terms of price per square foot – a property in the most exclusive residential area The Peak which sold in June for $27,09-million or $5 283 per square foot. – Sapa-dpa

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