Five Bedroom Hong Kong Flat Sells for THB 1.8 Billion

A new record in the robust Hong Kong housing market has been set as a 5 bedroom 572 square meter Mid-Levels flat has sold for approximately THB1.8 billion. This equates to just over THB 3.2 million per square meter, which when you consider that the high end luxury villas here sell for THB 150,000-250,000 and premium Bangkok units in the region of THB 250,000 the number is astonishing. The Hong Kong press has reported that Chief Executive Donald Tsang has warned of a possible property bubble which is being fueled by Mainland Chinese buyers. So next time someone says property is expensive just have a reality check in Hong Kong.