Hong Kong House Sells for $60 Million as Luxury Market Rebounds
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A mansion in Hong Kong sold for HK$470 million ($60 million), in another sign that lower interest rates and new government measures are helping revive the luxury housing market in the Asian financial hub.
The sale of House 11 at 90 Repulse Bay Road was completed on Friday, according to records on a database kept by EPRC Ltd. The seller had paid HK$490 million for the home in 2018, according to the registry on the developer’s website.