[ad_1]
Hong Kong: Although Hong Kong is experiencing its worst recession in recent years, its housing market is still booming.
Source: index.hr
Photo: SuperOhMo / Shutterstock
That is, a new 313-square-meter apartment has just been sold there for 49 million euros, which is a record price of 156,000 per square meter, local media reported.
The five-bedroom apartment, located in Hong Kong’s elite Mid-Levels hill district, was bought for HK $ 459.4 million, but that’s not a record when it comes to real estate in this region. special administrative authority of China.
But its price per square meter is unprecedented and reflects the differences in wealth in the former British colony.
After several months of protests during 2019, Hong Kong’s economy is feeling the full brunt of the consequences of the pandemic and border closures, Index reports.
The GDP of this semi-autonomous region of China declined by a record 6.1 percent in 2020, and the unemployment rate is currently 6.6 percent, the highest in 16 years.
Contrast city
Hong Kong is undoubtedly a city of surprising contrasts.
On the one hand, there is a concentration of extravagant luxury cars in its streets, and on the other, a large number of old people who collect the cardboard scraps to take them to recycle and earn a little money for mere survival.
However, with this sale, Hong Kong is trying to confirm that it is not going through a crisis.
The price per square meter that an unknown buyer paid for this property broke the previous record from 2017.
Follow us on ours Facebook I Instagram page, Twitter bill and join ours Viber community.
[ad_2]
