HK flat sells at world record

Henderson, controlled by billionaire Lee Shau-kee, sold a duplex unit on the 68th floor of 39 Conduit Road for HK$71,280 (S$12,798) per square foot, and said it may ask HK$100,000 per square foot for two penthouses on the 88th floor of the project.

Builders completed the fewest apartments since at least 1972 last year. Prices, especially for luxury units, have rallied in 2009 on record-low interest rates and an influx of money from China.    - 2009 October 15



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