New records for Hong Kong real estate

As Hong Kong property again sets new highs, it’s getting harder to find any conventional yardstick to make sense of these stretched prices.

After a late summer spurt in transactions sent the Centa-City leading index to a new record, last Friday came reports of Hong Kong’s most-expensive-ever property sale. A luxury apartment in the Peak district sold for a staggering 470 million Hong Kong dollars ($61 million) or HK$75,806 per-square-foot, according to the Hong Kong Economic Journal.

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