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November 14, 2012

Gehry-designed apartment sells for $60M

HONG KONG (AP) — A luxury Hong Kong apartment in a Frank Gehry-designed building has sold for an eye-popping price of nearly $60 million, the property developer said Tuesday, the latest sign of the city's overheated housing market.

Swire Properties Ltd. said it sold the 620-square-meter (6,683-square-foot) apartment on the ninth floor of its Opus development for 455 million Hong Kong dollars ($58.7 million). It did not say who the buyer was.


 
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