Luxury Hong Kong Home Sells For Record 36 Million US Dollars

Hong Kong - A Hong Kong home has sold for a record 280 million Hong Kong dollars (36 million US dollars) as property prices in the wealthy city boom and fears of a bubble proliferate, a news report said Tuesday.

The ocean-view, three-storey, 395-square-metre property on Repulse Bay Road last changed hands in 1998 for less than 5 million US dollars, the Hong Kong Standard reported.

The price of the home, called Sunbeam House 5 and sold by the son of a property developer, makes it Hong Kong's most expensive home in terms of price per square meter, the newspaper said.

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