The Ten Most Expensive Streets In The World

The Ten Most Expensive Streets In The World (via IBTimes.com)

The Ten Most Expensive Streets In The World: New York, Paris, Moscow, Sardinia, Geneva, Singapore, Monaco and Hong Kong All Made The List (via IBTimes.com)

As part of its Billionaire Census, research firm Wealth-X examined property prices all over the world to find the most expensive residential streets. Value, measured in price per square meter, of the top 10 addresses from the report are listed here.

10. Avenue Montaigne, Paris
Price per square meter: $26,000

Avenue Montaigne is the most fashionable street in France. It has also become an exclusive residential neighborhood for the wealthy and famous. This 350-year-old avenue is located in the 8th arrondissement in the Champs-Elysees quarter, where it is steeped in cultural history.

9. Fifth Avenue, New York
Price per square meter: $28,000

The rich and famous have flocked to this street since the 1900s because of its central location and its cachet. The most expensive properties are along leafy Central Park. Prices have soared once again as the U.S. economy has recovered, rising more than 5 percent in the past year.

8. Ostozhenka, Moscow
Price per square meter: $29,000

One of the oldest streets in Russia, and its most expensive. It’s dotted with Art Nouveau buildings and famous landmarks, including The Kremlin, the Pushkin Museum and the Cathedral of Christ the Savior.

7. Romazzino Hill, Sardinia
Price per square meter: $32,900

The Aga Khan turned the Costa Smeralda, Sardinia, into his holiday retreat in the 1960s. It has been a destination for billionaires ever since. The street first attracted attention when Italian industrialist Carlo de Benedetti sold his seafront villa Rocky Ram for 110 million euros to a Russian buyer. Some of the location’s most exclusive hotels include the Cala di Volpe and the Romazzino.

6. Chemin de Ruth, Geneva
Price per square meter: $37,000

Located in the heart of Switzerland’s Cologny, close to the shores of Lake Geneva, the Chemin de Ruth is Switzerland’s most expensive street. The mansions on this street have more land than most other streets in the area, with many beautiful landscaped gardens and large swimming pools.

5. Paterson Hill, Singapore
Price per square meter: $42,500

Singapore’s most prestigious residential address is this cul-de-sac. Considered the city-state’s “Billionaire’s Row,” prices here have jumped this past year. It is located in district 09, a tranquil residential area close to the Orchard Road Shopping Belt.

4. Boulevard du Général de Gaulle, Cap Ferrat, France
Price per square meter: $79,000

Cap Ferrat may be the most sought-after piece of land along the Mediterranean Cote d’Azur, making it the world’s most expensive nonurban real estate. Its location about 15 kilometers from Monaco makes it a hot spot for the rich and famous. The Boulevard du Général de Gaulle is the main road that loops around the peninsula, spotted with vast beachfront villas and sprawling, gated gardens.

3. Avenue Princess Grace, Monaco
Price per square meter: $86,000

The most exclusive street in this tiny principality is iconic Avenue Princesse Grace. At the peak of the property boom, prices on the palm tree-lined street surpassed 100,000 euros ($135,000) per square meter. Since the recession, however, values have cooled substantially, now down to an average 65,000 euros per square meter. The majority of developments on this street are now rental-only because of finite space.

2. Kensington Palace Gardens, London
Price per square meter: $107,000 (69,900 pounds)

Kensington Palace Gardens is the world’s second-most-expensive street. Here, properties sell for as much as 122 million pounds ($195 million). The street’s latest arrivals, the Duke and Duchess of Cambridge, who moved in to the road’s eponymous palace, have helped boost prices.

1. Pollock’s Path, The Peak, Hong Kong
Price per square meter: $120,000 (HK$930,670)

Pollock’s Path on The Peak is the most expensive street in the world. The mountain has long been home to Hong Kong’s wealthiest people. Chic new developments on this winding path have pushed up prices. Skyhigh, a development at number 10–18 Pollock’s Path, is one of the most prestigious developments on this road.

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Asia rise pulls in property players

Asia rise pulls in property players (via eFinancialNews.com)

Asia rise pulls in property players | eFinancialNews.com

Sarah Krouse, 21 Nov 2013

Growth in emerging markets in Asia is bolstering the appeal of real estate assets in the region to western investors seeking to diversify their portfolios.

Transaction volumes in commercial real estate in Asia Pacific are on course for the strongest year of deals since 2007, according to Jones Lang LaSalle, a property consultancy. The volume of deals reached a record $89.6 billion in the nine months to the end of September, which was a 25% increase from the same period last year.

The volume of deals completed in the Asia Pacific region has risen each year since 2009, with major cities such as Hong Kong, Singapore, Beijing and Tokyo among the most active cities for real estate deals so far in 2013, according to Jones Lang LaSalle. In a third-quarter ranking of most active cities for transactions, Beijing jumped from 26th in the world to ninth while Singapore moved up three places to sixth.

While consultants say western investors’ exposure to the region remains below pre-crisis highs, they say the increase in interest in the region has been coming from both global investors as well as an uptick in activity from local pension and sovereign wealth funds. According to data provider Preqin, US institutional investors currently represent about half of the investors in Asia-focused private real estate funds with UK and Dutch investors representing another 11%.

Chris Reilly, director of property for Asia at Henderson Global Investors, said: “There has increasingly been an interest for western and US managers to look at these markets – and certainly ones where they can understand the growth angle. It’s just an enormous market with north of three to four billion people living in it.”

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Channel News Asia – Market Insights (13 Nov 2013)

CNA Market Insights with Patrick Fok and Daryl Liew (Reyl Singapore), discusses the US Fed Taper, signs of emerging bubble in the US economy, sell-off in emerging markets, the Thai market, and the impact of Haiyan in the Philippine stock market.

 

Event – Huttons presents Philippine Property Investment in the Heart of CBD, 9 November

The Currency, Ortigas Center PH

The Currency, Ortigas Center PH

RARE! Deferred Payment! Office & Residential!!!

“Own a piece of F’Hold in the Heart of CBD in MANILA!”

Low cash + No installment till TOP! Fr $115K!

Freehold / Fully Furnished

  • Nxt to Philippine Stock Exchange
  • Stroll to SM MegaMall
  • Stroll to Shangri-La Plaza
  • High Rental Demand

Talk on “Why Invest in the Philippines?” today at 3pm
Address: 700 Beach Road, 08-02
In between Golden Mile Tower & Golden Mile Complex.

For more info, please contact:
Noena de Leon
Huttons Asia Pte Ltd
CEA Reg. No.: R018523C
Mobile: +65 8180 4135
Email: noena.deleon@gmail.com

For Sale – Solstice Tower, Circuit Makati (Pre-Launch)

In astronomy, solstice takes place when the sun reaches its highest point in the sky. A sense of being above everything.

Presenting the Solstice Tower at Circuit Makati.

Solstice will be the first residential tower to be built inside Circuit Makati, brought to us by ALVEO Land Corp, the leading developer of upscale residential communities.

To register your interest, please call:

Paul de Leon
+65 8180 4135
CEA Reg No.: R019100D