With lethargic expectations picking up for a recovery from the recession, Hong Kong has shown early signs of confidence in the economy. Two penthouses in Hong Kong were each put on sale for a record 38.5 million US dollars. As demand surges for luxury apartments,Sun Hung Kai Properties, the world’s largest developer by market value, has raised the price of two penthouses in Hong Kong by 50 percent to a record $HK75,000 ($11,075) per square foot. The penthouses, on the 91st to 93rd floor of the 270-meter (886-feet) towers, have six bedrooms along with their own outdoor garden and swimming pool.

Via: BusinessDay/Bloomberg481211