World

The Most Expensive Street In The World Is….

Most Expensive Road in the World: Severn Road Hong Kong

Financial News has named the most expensive street in the world, and for the second year in a row the recognition goes to a street not in New York City, Beverly Hills or London, but Hong Kong. One square meter of real estate on Severn Road goes for $78,200, while the top price for a square meter of property on New York’s Fifth Avenue goes for around $62,700.

Most Expensive Road in the World: Severn Road Hong Kong

Severn Road is located near the top of Victoria Peak and is home to around 60 private residences. Residents have fantastic views of Hong Kong’s harbors and famous skyline.

Most Expensive Road in the World: Severn Road Hong Kong

The Wall Street Journal notes that other streets in the Financial News top 10 include Fifth Avenue in New York, Kensington Palace Gardens in London and Avenue Princesse Grace in Monaco. The only other street on the list that’s in the Asia-Pacific region is Wolseley Road in Sydney, with a top selling price of US$21,000 a square meter.

See an incredible photo tour of the road at Business Insider. 

Comments (40)

  • SilentReader
    Posted on December 12, 2011 at 11:58am

    The Chinese are not stupid. They have taken the great parts of America and used them to their advantage. They even steal our technology. The rest of the world looks toward America. They want to emulate us!

    Whereas we have the OWS useful idiots who do not recognize the greatness of America and who seek to destroy it. They have never read the 5000 Year Leap because they don’t read, and they certainly don’t know history. And what history the OWS chanters do know has been fed to them by the Progressives (progressing us toward tyranny and death by government under Marxism that is) who hate America!

    I’m repulsed to even watch these OWS parasites march into Target chanting their Marxist slogans of “government take care of me because I‘m a useless idiot and I can’t fend for myself.” They shame America and shame themselves.

    Yes. China is not stupid and they‘ve emulated America and now they’re reaping it’s benefits. And guess who in the end will be left standing? I’m banking on America. As long as we come to our senses and turn the tide now. Because if we go down the road of the OWS useful idiots we will only see chaos and the destruction of America and the eventual tyranny and death by government. And it will be everything that George Soros aka Gyorgy Schwartz ever wanted. The destruction of the American Middle Class and the watering down of America so that he can orchestrate his Marxist mediocrity and usher in his global governance by the global elite

    Report Post » SilentReader  
    • Erabin
      Posted on December 12, 2011 at 1:34pm

      Quite frankly, the rest of the world is currently looking at America for examples on how not to do it.

      It’s time for America to take a look at the world, take the good parts, and improve itself.

      Report Post »  
  • rdk
    Posted on December 12, 2011 at 9:37am

    The Occupiers should move their operation to Hong Kong.

    Report Post »  
  • THE TRUTH SHALL MAKE YOU FREE
    Posted on December 12, 2011 at 8:19am

    Wall street has costed us Americans trillions of dollars!

    Report Post » THE TRUTH SHALL MAKE YOU FREE  
    • bandi9
      Posted on December 12, 2011 at 8:22am

      Nice grammar

      Report Post »  
    • SmallGovBigGuns
      Posted on December 12, 2011 at 8:38am

      occupiers never learneded so good in they’re occupy librararary

      Report Post »  
    • Sheepdog911
      Posted on December 12, 2011 at 8:53am

      Sorry “Free”loader, Obama has cost us trillions.The problem with our economy is the government, not Wall Street. Risk takers make money, government is a leech sucking the life blood out of the economy. Once you kill off the “free” market, the government controls everything and employment is controlled by the government … oh yeah, sort of like Communism.

      Report Post » Sheepdog911  
    • stogieguy7
      Posted on December 12, 2011 at 8:57am

      And occupy Wall Street is costing us millions of dollars in lost revenue, crowd control, police overtime and hazmat crews who have to clean up THC-laced poo and pee.

      When OWS somehow manages to produce some high-paying jobs, please come and see us. Until then, shut up and go away!

      Report Post » stogieguy7  
    • blazingaway
      Posted on December 12, 2011 at 1:00pm

      Wall street is the means that help create those trillions of dollars … the politicians are the ones who are costing us trillions of dollars. They sell-out to the various people on wall street who are criminals. It’s not wall street, it is a few of the people, with the help of politicians, that are then able to abuse wall street who are the problem and then are not thrown in jail … most are Democrats.

      Report Post » blazingaway  
    • Erabin
      Posted on December 12, 2011 at 1:39pm

      Wall Street cost us trillions of dollars in the way that the government decided against letting them crash and burn.

      Investments should be risky; The higher the risk, the larger the profits if you succeed and the larger the losses if you fail. The government decided to take all the risk out of investing by bailing out failed investments. The people who crashed the economy got out with a few extra millions courtesy of John Q. Taxpayer instead of ending up on the street in a cardboard box or in jail.

      There are really two ways to go: Either reduce regulation and let them fail if they do or increase regulation to prevent high-risk investments and so-called “bad money” in the first place.

      Report Post »  
  • palmettopalflorida
    Posted on December 12, 2011 at 7:44am

    Frankly does John Doe care? To him the most expensive street in the World is the one he lives on, that holds the home that he is desperately trying to retain for his family’s welfare. I don’t really think that John Doe has the time or inclination to worry about what others may have when he, and Mrs. Doe, are struggling to just maintain what they have for themselves and their children. Honestly, articles like this should be reserved for the pages of “Town & Country,” and other equally snobbish publications that may be lying around in the First Family’s living quarters at the White House.

    Report Post »  
    • Chloesmom
      Posted on December 12, 2011 at 8:46am

      EXCELLENT point, palmettopalflorida

      Report Post » Chloesmom  
    • stogieguy7
      Posted on December 12, 2011 at 8:55am

      Thank you for reaching out from inside of your little box. It’s always good to know what the small world crowd is thinking.

      Report Post » stogieguy7  
  • bikerr
    Posted on December 12, 2011 at 7:00am

    Darn metric system.

    Report Post »  
    • trolltrainer
      Posted on December 12, 2011 at 9:09am

      heh, my thoughts too….

      not 1/2 or 9/16? Damn, must be 13mm…have to fetch the other toolbox…

      Report Post »  
  • Snowleopard {gallery of cat folks}
    Posted on December 12, 2011 at 6:26am

    Technically in my book if you want the most expensive street around; it is the same ones where the Senate and White House are, along with all offices of the out of control Fed’s.

    Report Post » Snowleopard {gallery of cat folks}  
  • Secessionista
    Posted on December 12, 2011 at 5:16am

    Free Trade balances out wages, and American wages have been steadily falling ever since, while Chinese wages continue rising swiftly. Used to be, Chinese labor was 60 cents a day. Now, it is 60% of the average American wage. The imbalanced trade will continue until parity is achieved in wages. That’s where you American Middle Class is headed, thanks to politicians. They love the trade imbalance – it is the engine that allows them to borrow ever greater sums, driving us into debt and forcing our children and grandchildren to work off thebalance, which will never happen. See: Greece.

    Report Post » Secessionista  
    • Erabin
      Posted on December 12, 2011 at 1:44pm

      How is it thanks to politicians instead of thanks to the market? The market will produce where it’s cheapest.

      Also, while what you’re saying about Chinese wages is technically correct, it does not reflect the fact that there’s a huge wealth disparity. China is getting richer, but only because a few people are getting EXTREMELY rich. The regular worker still works for cents a day.

      Report Post »  
  • marion
    Posted on December 12, 2011 at 1:52am

    The fiew from Victoria Peak is pretty nice, I must say. Nice tram takes you to the peak, view of the whole bay…..sweet and breathtaking when it is clear, and when it is night, talk about a beautiful lighted city.

    Report Post »  
  • drattastic
    Posted on December 12, 2011 at 1:50am

    To see Hong Kong from the bay with the clouds around the mountains behind is truly awe inspiring.

    Report Post » drattastic  
  • olddog
    Posted on December 12, 2011 at 1:46am

    Hong Kong has to be one of my favorite cities a beautifully fun place to visit or live. Although the first landing there may scare you a bit..What’s the exchange rate these days???

    Report Post » olddog  
  • Aerocog
    Posted on December 12, 2011 at 12:39am

    Is so bad that it’s cheaper to live in America?

    Report Post »  
  • Cosmos102
    Posted on December 12, 2011 at 12:12am

    Hong Kong is free and a Capitalist society. It is incredibly business friendly…low taxes, and regulations. People always seek out freedom. That’s what makes the land there in such demand and expensive.

    Report Post » Cosmos102  
  • Dalady
    Posted on December 11, 2011 at 11:48pm

    Looks a little smoggy to me.

    Report Post »  
  • Rob_M
    Posted on December 11, 2011 at 11:19pm

    Occupy Hong Kong protestors are on their way.

    Report Post » Rob_M  
  • Darmok and Jalad at Tanagra
    Posted on December 11, 2011 at 11:17pm

    Wrong!!!!! The most expensive street is 1600 Pennsylvania Ave. It costs almost a billion dollars to live there and your soul.

    Report Post » Darmok and Jalad at Tanagra  
  • RightPolitically
    Posted on December 11, 2011 at 11:11pm

    Nice view….. Well, it ought to be!

    Report Post » RightPolitically  
  • AMERICA4EVER
    Posted on December 11, 2011 at 11:08pm

    I’ll take my little cottage on our lake.

    Report Post »  

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