Pollock's Path on Peak world's priciest street
Pollock's Path on the Peak, a traditional luxury location in Hong Kong, has been ranked the most expensive residential street in the world, with an average property price of US$120,000 per square metre, according to a study by Billionaire.com using data provided by real estate consultancy Knight Frank.
The average price of property on the path is US$13,000 per square metre more than second-placed Kensington Palace Gardens in London, the study showed.
Avenue Princesse Grace in Monaco ranked third while Boulevard du Général de Gaulle in Cap Ferrat, France, ranked fourth.
Singapore's Paterson Hill was the fifth most expensive street in the world, with an average property price of US$42,500 per square metre, the study showed. Fifth Avenue in New York ranked only ninth, with an average of US$28,000 per square metre.
"The appeal of super-prime property has rarely been higher," said Liam Bailey, the head of residential research at Knight Frank.