A luxurious residential building named “ Conduit Road 39 ' is seen from the Peak in Hong Kong Wednesday, Oct. 14, 2009. A five-bedroom duplex suite located in the building with as much as 6,158 square feet was sold Wednesday to an unidentified buyer from mainland China, said the developer, Henderson Land Development, a major Hong Kong property company. It claims the apartment is the most expensive in Asia by square foot. (AP Photo/Vincent Yu)

'Conduit Road 39'

'Conduit Road 39', a luxurious residential building developed by Henderson Land Development, located at Hong Kong's Mid-Levels district facing the Victoria Harbour, is seen from the ground, October 14, 2009. A 6,158 -square-feet deluxe duplex in this building has sold for HK$71,280 (US$9,100) per square foot, setting a world record per square foot for an apartment and surpassing London prices, the developer said on Wednesday. Property prices in Hong Kong have surged 26 percent this year, despite the economic downturn, amid low new supply and strong demand for luxury property from wealthy Chinese. REUTERS/Bobby Yip (CHINA POLITICS BUSINESS)

Asia's most expensive apartment by sq ft

'Conduit Road 39', a luxurious residential building developed by Henderson Land Development, located at Hong Kong's Mid-Levels district facing the Victoria Harbour, is seen from the Peak October 14, 2009. A 6,158 -square-feet deluxe duplex in this building has sold for HK$71,280 (US$9,100) per square foot, setting a world record per square foot for an apartment and surpassing London prices, the developer said on Wednesday. Property prices in Hong Kong have surged 26 percent this year, despite the economic downturn, amid low new supply and strong demand for luxury property from wealthy Chinese. REUTERS/Bobby Yip

'Conduit Road 39'

'Conduit Road 39', a luxurious residential building developed by Henderson Land Development, located at Hong Kong's Mid-Levels district and facing the Victoria Harbour, is seen from the Peak October 14, 2009. A 6,158 -square-feet deluxe duplex in this building has sold for HK$71,280 (US$9,100) per square foot, setting a world record per square foot for an apartment and surpassing London prices, the developer said on Wednesday. Property prices in Hong Kong have surged 26 percent this year, despite the economic downturn, amid low new supply and strong demand for luxury property from wealthy Chinese. REUTERS/Bobby Yip

Luxurious residential building in HK

Seen from the Peak in Hong Kong

A luxurious residential building named “ Conduit Road 39 ' is seen from the Peak in Hong Kong Wednesday, Oct. 14, 2009. A five-bedroom duplex suite located in the building with as much as 6,158 square feet was sold Wednesday to an unidentified buyer from mainland China, said the developer, Henderson Land Development, a major Hong Kong property company. It claims the apartment is the most expensive in Asia by square foot. (AP Photo/Vincent Yu)

Luxurious residential building

A luxurious residential building named “ Conduit Road 39 ' is seen from the Peak in Hong Kong Wednesday, Oct. 14, 2009. A five-bedroom duplex suite located in the building with as much as 6,158 square feet was sold Wednesday to an unidentified buyer from mainland China, said the developer, Henderson Land Development, a major Hong Kong property company. It claims the apartment is the most expensive in Asia by square foot. (AP Photo/Vincent Yu)