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New Asia record: Super luxury Hong Kong flat sold at whopping $59m

The price paid by the unidentified buyer for the property at 21 Borrett Road a newly built luxury apartment tower beat the previous price per square foot record set in 2017 ....

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$59 million Hong Kong flat sale sets new Asia record

(MENAFN - AFP) Hong Kong may be in its worst recession in years but its luxury property market is still thriving after a five-bedroom apartment broke records with its $59 million price tag.
While there have been more expensive properties sold in Hong Kong, the 3,378-square-foot penthouse in the affluent Mid-Levels neighbourhood set a new benchmark for price per square foot at $17,500.
The HK$459.4 million sale, reported by local media on Wednesday and recorded in the development s register of transactions, illustrates the stark inequality in Hong Kong.
Recent political instability coupled with the coronavirus has hammered the economy, which contracted a record of 6.1 percent last year. Unemployment is currently at 6.6 percent, the highest in 16 years. ....

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HKEX chief executive foresees upbeat IPO marketplace

With the marketplace increasing to an over-30-month high on Tuesday, February 16, Calvin Tai Chi Kin, interim chief executive of Hong Kong Exchanges and Clearing Limited (HKEX), voiced optimism that the fund-raising through initial public offerings (IPOs) will continue to be vigorous this year. ....

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HK blockchain stocks jump in Bitcoin frenzy

(MENAFN - Asia Times) HONG KONG â Several Hong Kong-listed stocks with blockchain businesses or concepts jumped significantly on the first trading day of the Year of the Ox after Bitcoin hit a new high in the past two days.
On Sunday, Bitcoin reached $49,375 for the first time, almost meeting the forecast made by Nicholas Pelecanos, the head of trading at cryptocurrency firm NEM, who said on January 2 that the cryptocurrency could rise to $50,000 by Valentine s Day.
The recent surge in Bitcoin, together with US-listed Bitcoin miners such as Bit Digital and Riot Blockchain, came after Tesla announced on February 8 that it boughtÂ $1.5 billionÂ in Bitcoin and would accept customer payments in the cryptocurrency. ....

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'Godzilla vs. Kong' Trailer: Is Godzilla Stronger Than King Kong?

"Godzilla vs. Kong" released a new trailer on Sunday, featuring some new footage of Godzilla and King Kong roaring into battle. ....

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