Hong Kong penthouse sets world record sale price

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Updated October 19, 2009 20:35:11

A luxury apartment in Hong Kong has sold for more than $US110,000 a square metre, setting a new world record for an apartment. The sale has heightened concerns of a possible property bubble and a subsequent price plunge seen during the 1998 Asia financial crisis.

Presenter: Lily Yan
Speaker: Keith Yeung, Mirae Asset Securities; Simon Smith, head of research, Savills Hong Kong

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