The Hong Kong property market is far from cooling.
A four-bedroom flat at The Cullinan, above Kowloon Station, was bought by a mainlander for HK$131.45 million ($16.95 million), or a record HK$50,772 per square foot.
Data from the Land Registry shows the flat was bought by Grand International Group Holdings, whose director is Li Yanan, a soccer player.
The 2,589 square foot apartment on the 82nd floor has a 632 square foot balcony and parking space.
Previously the most expensive flat per square foot was 39 Conduit Road for just under HK$64,000 per square foot. But then it turned out many deals in that real estate development were a sham cooked up by Henderson Land to boost property prices.
Wonder if this one is too?