[BITList] future?

[Robbo]

Glad I am not starting off now.

 

Robbo

 

Ps Colin are they building another road alongside the one over Lake
Pontchartrain?

 

  _____  

From: bitlist-bounces at lists.bcn.mythic-beasts.com
[mailto:bitlist-bounces at lists.bcn.mythic-beasts.com] On Behalf Of CT's
Sent: Saturday, October 31, 2009 3:40 PM
To: Uncensored BI
Subject: [BITList] future?

 

 


 

indication of things to come?

 

 

 

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.
The deal comes at a time when ever-higher prices of Hong Kong real estate,
benefiting from mainland China's booming market and easy money sloshing
through the world financial system, are inspiring worries of a bubble in the
making. Several blockbuster deals in the tens of millions of dollars have
made headlines of late.
Hong Kong's leader, Donald Tsang, said Wednesday in his annual policy
address that the government may free up more land for development to help
add supply and bring down prices.
"The relatively small number of residential units completed and the record
prices attained in certain transactions this year have caused concern about
the supply of flats, difficulty in purchasing a home, and the possibility of
a property bubble," Tsang told lawmakers.
The city has long had one of the world's most expensive property markets,
with prices that many local residents are hard pressed to afford. About 47
percent of Hong Kong lives in publicly subsidized housing, according to
government data.
At 39 Conduit Road, the name and site of the building where the high-end
apartment was purchased, another unit was snapped up for a mere $51 million.
The building "offers a chance to allow the elites in town to enjoy such
prestigious property," said Thomas Lam, Henderson's sales general manager. 

 

 

 

ct

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