Peak Road, located at the top of Victoria Peak in Hong Kong, is the world’s most expensive street, according to a Billionaire.com recent report.
The website takes into account recent property sales and shows the average price per square meter on each street tracked. Peak Road boasts an average property cost of US$114,000 per square meter winning over second-ranked Manhattan’s Upper 5th Avenue.
Unlike 5th Avenue, Peak Road contains mainly private residential properties. The road itself is narrow, twisty and tree-lined, infused with lush greenery, at times it is rather busy with people travelling to the Peak. The opulent residences are set high above the road or screened from view by thick vegetation producing secluded havens.
View overlooking the South side of Hong Kong Island from Peak Road on July 31, 2015. Bill Cox/Epoch Times
