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.
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.
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.