Some of the most expensive streets in the world can be found in Hong Kong. A property on these streets costs more than $20 million on average. The Peak is Hong Kong's most expensive street, with an average property price of $38 million.
Hong Kong has a long history of prosperity. It was a British colony for about 150 years and developed into a prominent financial centre during that time. Hong Kong was given over to China in 1997, although it retains its own currency, legal system, and way of life.
A number of variables contribute to the high pricing on Hong Kong's most costly streets. The city has a limited amount of land, therefore property is in high demand. The government also enforces severe development limits, which raises prices.
Despite its high living costs, Hong Kong is a busy and interesting city. It's an excellent location for living, working, and raising a family. If you have the means, Hong Kong is well worth a visit.