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    You have to pay nearly $1 million just to view these apartments

    At one Hong Kong apartment complex, it will cost you close to $1 million to just get your foot in the door.
    Real estate agents in the city are asking potential buyers to stump up 7 million Hong Kong dollars ($900,000) to view a new batch of luxury condos, the latest example of the dizzying rise in prices in the world’s most expensive property market.
    The new complex offers sweeping views of Hong Kong’s Victoria Harbor and is located near the city’s central business district. It was built by Sun Hung Kai Properties (SUHJF), Hong Kong’s biggest property developer.
    Real estate brokers told CNNMoney that the huge deposit (which is refundable) applies to 10 luxury apartments in the complex that are set to go under the hammer.
    “This is an indication of how hot the market is here in Hong Kong,” said Paul Zimmerman, director of think thank Civic Exchange and a district council member in the city. Prices have been fueled by years of low interest rates and money flowing in from mainland China, he said.
     Source : CNN

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