The hype surrounding a condominium development at Yonge and Bloor Streets has paid off. The project has set a record for the most expensive unit sold.
A wealthy businessman from Hong Kong purchased the top floor penthouse unit for $25 million. His new home will take up the entire 80th floor of 1 Bloor St., giving him a spectacular 360-degree view of the city.
His penthouse will have its own private swimming pool and outdoor garden.
The address, located in the fashionable Yorkville district, made headlines earlier in the week when about a hundred people lined up for days for a chance to buy a piece of the property. Real estate brokers paid people thousands of dollars to wait in line for them.
