WORLD
HONG KONG — A luxury Hong Kong apartment in a Frank Gehry-designed building has sold for an eye-popping price of nearly $60 million, the property developer said today, the latest sign of the city's overheated housing market.
Swire Properties said it sold the 6,683-square-foot apartment on the ninth floor of its Opus development for $58.7 million. It did not say who the buyer was.
Local property agents said it was the highest price ever paid for an apartment in the southern Chinese financial center. The sale comes amid growing concern over surging property prices in Hong Kong driven by ultra-low interest rates and an influx of wealthy mainland Chinese buyers. Prices have doubled since the end of the global financial crisis in 2009, according to a widely watched index.
MOSCOW — Russia’s President Vladimir Putin has signaled his readiness to review new bills seen by critics as part of the Kremlin’s crackdown on dissent.Putin promised at a meeting with the presidential rights council late Monday to have another look at a treason bill, which was passed by the Kremlin-controlled lower house last month. Critics said the bill is worded so vaguely it would allow the government to brand any dissenter a traitor.Current law describes high treason as espionage or other assistance to a foreign state damaging Russia’s external security. The new bill expands it to include moves against Russia’s “constitutional order, sovereignty and territorial and state integrity.”The bill, drafted by the Federal Security Service, the main KGB successor agency, also changes the interpretation of treason to include activities such as financial or consultative assistance to a foreign state or an international organization.Putin agreed it’s necessary to exclude a possibility of loose interpretation.
