Can't afford a place in Hong Kong? Here's what HK$7 million will buy you abroad
The same money it takes to purchase a small flat in Hong Kong will cover a mansion in Phuket or a lakeside three-bedroom villa in Italy
In a city where property is king, HK$7 million won't get you the castle. But head overseas and that amount of money could deliver some royal returns.
In Italy, for example, you could be rubbing shoulders with Hollywood royalty in a three-bedroom waterfront villa on Lake Como, on which George Clooney's £25million (HK$299 million) mansion also sits.
Or if the bustle of the big city is more to your taste, you could nab a cosy one-bedroom flat in London's Notting Hill, a stone's throw from Kensington Palace Gardens, one of the world's most expensive streets.
If the balmy climes of Southeast Asia are more to your taste, take a look at a four-bedroom resort-style home in Phuket, Thailand, where the 30 million baht (HK$7.2 million) price tag includes membership in an exclusive golf club.
Closer to home, you could secure a three-bedroom place in Shanghai's Pudong financial district for the same money.
The HK$7 million price tag is significant because it is the price below which buyers must come up with a bigger down payment under new rules announced on Friday to cool the market.