It is the aspiration and one of the main interests of all the dives of the world to live in the big towns and expensive residential areas. Along with the awesome residence, most of the dives choose the expensive housing areas also for investments in the real estates. So today, here I’m going to point out top 5 most expensive residential areas of the world. So, have a look on the list of these residential areas:
1. Pollock’s Path, The Peak, Hong Kong
It is the world’s most expensive residential area where the average price of per square meter area is $1,20,000 (almost 74,40,000 Indian Rupees) and +10% of average annual shift in the price, that’s why I ranked it at the 1st position in the list of most expensive areas of world.
Along with panoramic scenes of the Hong Kong island and Victoria Harbour, Pollock’ Path at The Peak is the most expensive street of the world. This place is famous from that old time when dives used sedans for marching.
2. Kensington Palace Gardens, London
Kennsington Palace Garden of London achieves the second rank of expensive residential areas of the world. It’s average price is $1,07,000 per square meter area and +2% average annual shifting in the main price. Indian origin Laxmi Niwas Mittal has also their residence in Kensington Palace Gardens of London.
The fresh arrival of Duke and Duchess of Cambridge played a main role in price rise of this area, popularly known as the Billionaire Road of London.
3. Avenue Princesse Grace, Monaco
Avenue Princesse Grace of Monaco is the third most expensive residential area of the world due to it’s average per square meter price of $86,000 and +5% of average annual shift in the main price. On the extreme days of property boom in this street, it’s per square meter price raised to $1,35,000.
Avenue Princesse Grace area of sea breeze is one of the most favorite place for dives of Monaco. Due to the limited space, here is vogue of taking rental residence.
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4. Boulevard du General de Gaulle, Cap Ferrat, France
It is another international panoramic street for all the billionaires worldwide. The Boulevard du General de Gaulle of France is the world’s fourth most expensive residential area because of its per square meter average price is $79,000 but now price is decreasing at the rate of -5% annually.
Various luxury homes and hotels are situated around the captivating road by the Mediterranean sea at the panoramic Cap Ferrat. Angelina Jolie and Brad Pitt has their residences in Boulevard du General de Gaulle of Cap Ferrat in France.
5. Paterson Hill, Singapore
Paterson Hill is the fifth most expensive panoramic residential area of the world. It costs $42,000 per square meter area and average annual price shifting is +6.5% and it means the price of per square meter area at Paterson Hill is increasing rapidly.
Eduardo Saverin, co-founder of Facebook has their residence at Paterson Hill. The Paterson Hill in Singapore is the most famous residential area in Singapore and all the billionaires of Singapore and as well as of the world want to live here.