Hong Kong’s priciest pad sold for nearly $60 million

HONG KONG – A Hong Kong property company has sold a luxury apartment in a Frank Gehry-designed building for an eye-popping price of nearly $60 million.

Swire Properties said Tuesday it sold the 620 square meter (6,683 square foot) apartment on the ninth floor of its Opus development for 455 million Hong Kong dollars ($58.7 million). It did not say who the buyer was.

Local property agents said it was the highest price ever paid for an apartment in the southern Chinese financial centre. The sale comes amid growing concern over surging property prices in Hong Kong driven by ultra-low interest rates and an influx of wealthy mainland Chinese buyers.

The Hong Kong government has introduced measures in recent months to cool the market.

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