And we keep complaining about real estate prices here in Vancouver.

A plot of land in Hong Kong recently sold for HK$1.82 billion dollars (US$233 million) equating to HK$68,000 per square foot.

A record price for an auction of luxury residential land in Hong Kong, it was purchased by Lee Shau-kee, the 82-year-old tycoon who runs Henderson Land Development Co.

His son Martin explained they were going to construct three or four houses on the plot which is located on the Peak.

Called Falconridge, it was sold through auctioneers Jones Lang LaSalle and was put on the market by another Hong Kong property tycoon, Hui Sai-fun.

The enclosed information while deemed to be correct is not guaranteed.

Search for listings on your own Virtual Office Website (VOW), sign up for a FREE subscription and receive listings before mls.ca, in Full Public Printout. search by address, MLS#, street, view walkscore or using your iPhone, Android or iPad.

Keep up to date with Vancouver’s changing real estate market, subscribe via RSS or email

When you’re ready to buy or sell Vancouver real estate, contact Manny Riebeling