bodyType

customContents

entityId

entityUuid

articlePageQuery

filter

article

articleBaseAdvertisingInfoArticle

articleListArticle

articleSeoArticle

hooksArticleAcknowledgementGateOverlayArticle

hooksTrackPageViewArticle

hooksContentInterestArticle

articleLinkingDataContent

hooksAmpRedirectArticle

articleSchemaContent

liveArticle

advertZone

sentiment

contentLock

topics

types

sections

paywallTypes

createdDate

publishedDate

sponsorType

urlAlias

moreOnThisArticles

commentCount

authorLocations

authors

corrections

displaySlideShow

multimediaEmbed

printHeadline

seriesContainer

articleSpeeches

socialHeadline

headline

images

flag

firstTopic

glossary

flattenTypeIds

image

relatedLinks

relatedNewsletters

__typename

sponsor

pdfFiles

seriesReverseOrder

series

disableOffPlatformContent

published

updatedDate

summary

subHeadline

body

keywords

readingTime

customTimezone

liveContents

Tomson Riviera, a luxury waterfront residential estate in Shanghai, is again claiming the record for the most expensive flat on the mainland after a unit on the 28th floor was sold for 160,844 yuan (HK$182,206) per square metre.
Tomson Group said it sold the 597.41 square metre unit for 96.09 million yuan on November 3.
The previous record was set in the same building in February 2007, when a flat on the 31st floor was sold for 142,243 yuan per square metre.
In 2007, Tomson Riviera came under investigation for hoarding units after several initial transactions. 
Asking prices were at least 38 per cent higher than projects in the same area when the development was launched in October 2005. And only three units in the 220-unit project had been sold by the end of 2007. The developer yesterday said more than 42 units now had been sold.
Tomson Riviera is at Lujiazui next to Citigroup Tower, a prime business complex in Pudong. It comprises two 40-storey and two 44-storey residential towers.  
Clement Luk Shing, a director and deputy general manager of Centaline (China) Property Consultants, said the project was one of three in Pudong and  offered the best view of the Bund.
Before the record deal, prices at Tomson Riviera this year ranged between 110,000 and 130,000 yuan per square metre, while at a nearby project the average price was about 80,000 yuan per square metre.  
'It's because of the better view and location that the buyer was willing to pay a premium,' Luk said. 'I don't think the market would question the record sale because more luxury residential projects in the city are asking for 50,000 to 100,000 yuan per square metre.'
Vincent Luk Fung-siu, the general manager for eastern China at DTZ, said the price of luxury flats in Shanghai had risen 20 per cent this year.



Tomson breaks another luxury flat price record