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Tag: Apartments

India’s billion-dollar home is world’s most expensive

I have previously mentioned the Hong Kong apartment sold for a record 57 million dollars, but now India’s billion-dollar home has taken the lead to be the world’s most expensive home ever built.

India’s richest man, Mukesh Ambani, and his family are set to move into a 27-floor home tended by an estimated 600-person staff. As NBC’s Ian Williams reports, the mega-mansion is taking heat from many people in India.

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Hong Kong apartment sold for a record 57 million dollars

A Hong Kong property developer claims to have set a world record last week for the sale of a five bedroom luxury apartment, at $57m. The five-bedroom home is believed to be Asia’s most expensive property - with each sq foot costing $9,200.

The unidentified new owner from mainland China bought the property in 39 Conduit Road, one of Hong Kong’s most exclusive addresses. The apartment, about 6,000 sq feet (557 sq metres), is on the 68th floor of the building and has views over the harbour. The owner has access to facilities including an aroma spa centre, a fitness room and an outdoor yoga gym.

Property prices in Hong Kong have benefited from mainland China’s booming market, however it has one of the world’s most expensive property markets - with many locals finding it difficult to buy.

Watch the video below by BBC News:

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