Two new luxury flats in Hong Kong have been put on the market for a record HK$300m ($38.7m) each, as the buoyant economy and stock markets on the Chinese mainland lift demand for exclusive properties beyond pre-crisis levels.
Sun Hung Kai Properties, the world's biggest developer by market value, aims to sell the three-storey apartments – on the 91st to 93rd floors of twin 270m towers – for HK$50m more than the previous record price in Hong Kong.
Prices for luxury apartments in Hong Kong, where property investment is a passion for many, have risen about 26 per cent since their peak ahead of the collapse of Lehman Brothers a year ago, according to DTZ, a property adviser.
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