At a time when economy is reeling under recession and property prices are tumbling like pack of cards opposite seems to be happening in the land of Hong Kong. Sun Hung Kai Properties Ltd which is the largest developer in the world by market value has shot up the prices of two of its penthouses in Hong Kong by 50% to a record price of $9,700/sq ft as demand for luxury apartments has started to shoot up.
Each unit is being offered at a price of $39 million each covering a total of 4,000 square feet on three floors with an outdoor garden and swimming pool.
I just wonder why god gives all the money to just a few!!
image and link source: bloomberg
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