Despite the recession, the real estate market is still booming. A sale has just proved this in Hong Kong. Apparently, an outsize luxury apartment in one of Hong Kong’s wealthiest neighborhoods (Conduit Road) has sold for almost £35.7million ($57.3million)! The lavish 6,158 sq ft home with five bedrooms was sold to an unidentified buyer from China. The developer, Henderson Land Development, describes the apartment’s area as ‘a majestic realm for the city who’s who’ and further claims that it is the most expensive in Asia according to value per sq ft. The wealthy owner of this duplex apartment can enjoy the luxuries of an aroma spa center, fitness room, outdoor yoga gym, and grand harbor views from his new home. A lavish home, the owner, will surely live in the lap of luxury in this apartment.
The expensive purchase shows that some are completely blind to the effects of the recession.