Hong Kong's priciest pad sold for nearly $73.5m

HONG KONG (AP) - A Hong Kong property company has sold a luxury apartment in a Frank Gehry-designed building for an eye-popping price of nearly US$60 million (S$73.5 million).

Swire Properties said on Tuesday that it sold the 620-sq-m apartment on the ninth floor of its Opus development for HK$455 million (S$71.9 million). It did not say who the buyer was.

Local property agents said it was the highest price ever paid for an apartment in the southern Chinese financial centre.

The sale comes amid growing concern over surging property prices in Hong Kong driven by ultra-low interest rates and an influx of wealthy mainland Chinese buyers.