Hong Kong, the land where full-floor, Gehry-designed units sell for $61M, has snagged the number one spot on Forbes' list of hottest real estate markets in the world, eking out a win over runner-up Dubai. Housing prices skyrocketed 23.6 percent last year, as wealthy mainland Chinese, who, as some may recall, have been snatching up condos with amenities like karaoke bars and baby gyms, flood some of the region's poshest neighborhoods. [Forbes; previously]
Filed under: