Wondering where to find the most luxury houses in Asia? Here are the most exclusive streets and neighbourhoods in major Asian cities
Hong Kong has long been known as one of the most expensive cities in the world, with a notoriously sky-high housing market and properties in exclusive neighbourhoods such as The Peak and Mid-Levels selling for record-breaking price tags. In fact, Hong Kong’s Mount Nicholson Road has been officially recognised as the second most expensive street in the world, coming in only after 57th Street in New York.
And prices in the city––and across Asia as a whole––are not set to decline anytime soon, with property expert Knight Frank finding that prime prices in key global cities are rising at their fastest rate since 2017. From Hong Kong to Tokyo, Bangkok, Singapore and more, we’re letting you know the most exclusive addresses in Asia.
See also: 6 Of The Most Exclusive Apartment Buildings In Asia
1. Mount Nicholson Road, Hong Kong
In April 2021, Knight Frank published a report stating that Hong Kong is the most expensive city to rent a prime property, detailing that prime rents in Hong Kong averaged US$6.7 million per square foot at the end of 2020. It’s no secret that the rents in Hong Kong have been amongst the highest in the world for years, but that’s only a drop in the water compared to the cost of buying a house.
In February of this year, a house on Borrett Road, Mid-Levels broke records, selling for an eye-watering US$59 million. Despite this sale, Mount Nicholson Road––found atop The Peak––is still considered the most expensive street in Hong Kong. These findings were detailed in Knight Frank’s 2020 report, which stated that 35 homes sold for over US$25 million in the past five years. According to the report, although Mount Nicholson placed second, it actually has the highest average price tag globally, at a jaw-dropping US$81.8m.
Other exclusive locations:
Mount Kellett Road, Conduit Road, Pollock’s Path, Peak Road, Severn Road
See also: How New Zealand Became A Hot Destination For Property Investment