They might have the best shopping options or the best views; some streets across the world are very expensive where rich and influential people want to buy real estate. These are the most expensive streets in the world, where buying a real estate property might make a big hole in your pocket. Check out the list:
Pollock’s Path, The Peak, Hong Kong
It is the world’s most expensive street. Superb view of Victoria harbour and winding path attract many buyers to this street. There is very limited supply, as owners hardly feel the need to sell, and rising demand has pushed up the prices. Super rich people, including the local movie star Stephen Chow, live in this street. The price of property here is $120,000 per square meter.
Kensington Palace Gardens, London
This street in Central London boasts of some of the most expensive properties in the world. Kensington Palace Gardens in the heart of embassy land with tree-lined avenue is among one of the most elite addresses. The Duke of Cambridge has a home here. Many national embassies too occupy property here. The average price of real estate here is $ 107,000 per square meter.
Avenue Princesse Grace, Monaco
The palm lined street named after the Hollywood star Grace Kelly has seen better days. The Italian tenor Andrea Bocelli and Danish model Helena Christensen have property here. At its peak, the rates of the properties here were as high as $135,000 per square meter. Now the rate for property is $86,000 per square meter.
Boulevard du Général de Gaulle, Cap Ferrat, France
Situated 15 km from Monaco, along the Mediterranean Côte d’Azur, ‘”he Cap” is a small peninsula. It has long been a favourite place for the rich and famous, such as Charlie Chaplin. Brad Pitt and Angelina Jolie are the famous residents of this boulevard. The average price for this non-urban street is $79,000 per square meter.
Paterson Hill, Singapore
Situated near the well-known shopping district along Orchard road in Singapore, is Paterson Hill. It boasts of the most expensive condominium, “The Marq,” with interiors designed by Hermes. Each apartment has a private pool. Famous residents of this place are Facebook co-founder Eduardo Saverin and former Miss Singapore Rachel Kum. The property here costs $42,500 per square meter.