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HONG KONG'S HIGH-RISE HOT PROPERTY MARKET GOES COLD

The poster child for last year's red-hot real estate market in Hong Kong is gone.

Henderson Land said this week that the $57m sale of a flat had been called off by the buyer, who had also failed to pay for five other transactions in the 39 Conduit Road project.

The high-profile transaction would have made the unit the world's most expensive apartment on a per-square-foot basis.

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