Hong Kong apartment sells for whopping $57 million


HONG KONG - It's a price tag that would make even New Yorkers and Londoners gasp - an outsized luxury apartment sold for nearly $57 million in Hong Kong Wednesday amid growing fears of a real estate bubble.

The five-bedroom duplex suite with as much as 6,158 square feet was sold to an unidentified buyer from mainland China, said the developer, Henderson Land Development, a major Hong Kong property company. It is believed to be Asia's most expensive property by square foot at nearly $9,200.

Aside from an aroma spa center, fitness room, outdoor yoga gym and grand harbor views, the new homeowner will enjoy an exclusive address in the hills of Hong Kong's main island - "a majestic realm for the city who's who," according to a statement from the developer.