Swire Sells Gehry-Designed Apartment for Hong Kong Record
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Swire Properties Ltd. sold a Hong Kong apartment in a building designed by Frank Gehry for a record square-foot price, the latest sign the city’s property market remains immune to government efforts to cool prices.
An unidentified buyer bought the 6,683-square-foot (621-square-meter) unit in Opus Hong Kong in the Peak district for HK$455 million ($58.7 million), the company said in an e-mailed statement. The HK$68,083 per-square-foot price is a record for the city, according to Alnwick Chan, Hong Kong-based executive director at property broker Knight Frank LLP.