Hong Kong Just Sold Its Most Expensive Home, AND Shanghai Sold Most Property In A Year

china angel

Two small signs that the Chinese real estate bubble is continuing, despite token efforts to slow the boom:

1) The amount of residential property sold last week in Shanghai was up 42% month-over-month, setting a 49-week high, according to Capital Vue.

2) The most expensive home ever in Hong Kong’s Kowloon district just sold for US$210 million, according to South China Morning Post.

This is probably a sign that last week’s slew of new property regulations isn’t working.

Click here to see 14 charts on the size and scope of the housing bubble >

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