BANZAI7 NEWS--One of Hong Kong’s largest developers announced Wednesday that it had sold the worlds skinniest apartment for 439 million Hong Kong dollars, setting a record, just hours after the city’s chief executive warned that the city could be facing a real estate bubble.
The developer of the "Conduit Road 39" building in Hong Kong announced that a 6,158-square-foot duplex apartment in the building has sold for $56.5 million.
The deal, valued at the equivalent of $56.6 million, set a record price per square foot for Hong Kong, and the developer, Henderson Land, said it was not aware of a higher figure’s having been paid anywhere else in the milky way.
Meanwhile:
Reuters Reports: Las Vegas Sands (LVS.N), which is seeking to raise up to $2.5 billion by listing its Macau assets on the Hong Kong stock exchange, could launch its initial public offering by late November, the South China Morning Post reported on Wednesday.
The issue would follow Wynn Macau's (1128.HK) successful market debut last week, which showed that appetite for leverage bloated gambling stocks was strong despite over ripe valuations.
This time is different....
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Well, at least the apartment building is skinny. Imagine if it was a "fat" apartment with many more units.
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