Hong Kong Has The Hautest Homes For Billionaires

CHANGE MARKET : LOS ANGELES

PEOPLE LIKE THIS ON FACEBOOK

Haute Living Los Angeles March/April 2012

Hong Kong Has The Hautest Homes For Billionaires

by Rachel Willis

Photo: Bloomberg

According to recent market research Hong Kong has the most expensive real estate in the world right now with square footage property almost double that of anywhere else, including London. Many of the worlds biggest Billionaires were buying homes here for a reported 6,700 pounds ($10,360 USD) per square foot in June. These numbers show a significant increase in Hong Kong’s real estate value over the last six months.

To give you a better idea, here is how Hong Kong’s real estate compares to the square-footage figures from other top market countries: 5,190 pounds in Tokyo, 3,270 pounds in Paris and 3,090 pounds in London. This means very good things for high-end real estate in Hong Kong, which will then trickle down to the rest of the economy.

Source: Bloomberg Businessweek

Like Haute Living Asia? Join our Facebook page or follow us on Twitter @HauteLivingMag. Want Haute Living Asia deliver to your inbox once a week? Sign up for our newsletter.

Sep 23, 2011 1:46 PM

Read 110 Times

Hong Kong has the Most Expensive Luxury Homes in the World

Asia’s expansion in their operations, with an increase in companies has caused a rise in property prices. According to ECA International, a human resources consulting firm that has conducted a new study, has recently found out based on luxury homes, Hong Kong is the most expensive city.

by Laura Yarborough, Mar 13, 2012 10:17 PM

The World's Most Expensive Luxury Homes are in Hong Kong

by Laura Yarborough, Mar 13, 2012 8:29 PM

The Peninsula Hong Kong Opens Boutique at Hong Kong International Airport

The Peninsula Boutique, located in Terminal 1 of the Hong Kong International Airport, offers travelers edible treats including boxed chocolates and truffles.

by Alison Cavatore, May 10, 2012 11:17 AM

Brunch With An Aerial View At The Peninsula Hong Kong

The Peninsula Hong Kong is offering a Sky High Champagne brunch for its guest.

by Julia Jacobo, Jan 17, 2012 6:56 AM

Hong Kong to Host ART HK 12, International Art Fair

Hong Kong has gained the reputation as the third-largest art auction center in the world, behind New York and London respectively.

by Carol De Coene, May 12, 2012 5:07 AM

Hong Kong International Fur & Fashion Fair 2012 Breaks Records

7,800 buyers from more than 30 countries attended the four-day 2012 Hong Kong International Fur & Fashion Fair, and the preliminary tally for the fair's confirmed orders comes in at $257 million, the highest in the fair's 30-year history.

by Julia Jacobo, Mar 21, 2012 7:19 AM

2012 Hong Kong Arts Festival

From January 28 through March 3 the Hong Kong Arts Festival will be staging in 17 venues and feature 166 performances.

by Alison Cavatore, Jan 31, 2012 1:38 PM

The New Apple Store Hong Kong

Hong Kong's first Apple Store opened this week, to much fanfare. Hundreds camped out in front of the new store overnight. Security guards made several hundred more wait outside the mall on a pedestrian bridge connecting the mall to Hong Kong’s ferry piers.

by Lexi Holzberg Kritzer, Sep 28, 2011 1:15 AM

The Oldest and Most Expensive Art Fair in the World Comes To Hong Kong

The Biennale des Antiquaires, the oldest and most expensive art fair in the world organized by Syndicat des Antiquaires, is expanding.

by Carol De Coene, Apr 25, 2012 10:23 PM

Balmain Paris Opened First Hong Kong Store

Last week couture Parisian fashion house Balmain Paris opened its first Hong Kong store in the heart of Tsim Sha Tsui.

by Alison Cavatore, Jan 12, 2012 2:02 AM