Billionaires Paying Most for Hong Kong Homes, Savills Says
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Hong Kong has the world’s most expensive average home prices for billionaires, with per square foot value of those properties almost double that of London, according to a survey conducted by Savills Plc.
Homes bought by billionaires in Hong Kong cost 6,700 pounds ($10,360) a square foot at the end of June, a 10 percent climb from six months earlier, London-based Savills said in an e-mailed statement today. That compares with 5,190 pounds in Tokyo, 3,270 pounds in Paris and 3,090 pounds in London, the brokerage said. Sydney, which had the lowest value among top 10 markets, posted the biggest price gain, jumping 40 percent.