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.