Hong Kong flat 'most expensive'

The most expensive flat is located in this building in Hong Kong

A wealthy Chinese buyer has snapped up a luxury Hong Kong apartment for $57m (£35m), thought to be a record price.

The five-bedroom home is believed to be Asia's most expensive property - with each sq foot costing $9,200.

The unidentified new owner bought the property in 39 Conduit Road, one of Hong Kong's most exclusive addresses.

The deal came as the territory's chief executive, Donald Tsang, said he was concerned about a possible property bubble emerging.

The apartment, about 6,000 sq feet, was sold by Henderson Land Development.

It is on the 68th floor of the building and has views over the harbour. The owner has access to facilities including an aroma spa centre, a fitness room and an outdoor yoga gym.

Thomas Lam, from the company, said the building, offered "a chance to allow the elites in town to enjoy such prestigious property".