No sale for Shanghai's pricey condos

Not one condominium has been sold in Shanghai's most expensive housing project, reported state media, signaling that the city's luxury property boom is no more. Costing US$13,580 a square meter, condos in the Tomson Riviera project have set a record as the city's most expensive flats. Of the first 74 condos, the cheapest is a 434-square meter apartment priced at US$4.68 million while the most expensive sells for US$21 million.