If you thought that investing in apartments for sale in Johannesburg was expensive, then have a look at the five most expensive streets in the world – perhaps Jo’burg isn’t so pricy after all.
#5 – Paterson Hill in Singapore
Unlike the commercial streets of Avenue Montaigne in Paris or Fifth Avenue in New York, Paterson Hill in Singapore is a quiet residential area that is out of the way, yet close to the Orchard Road Shopping Belt. You’ll find an expensive Hermes-designedapartment building on this street, which has an average sqm price of $42 500. If you lived here, you’d be neighbours with Eduardo Saverin (co-founder of Facebook).
#4 – Boulevard du Général de Gaulle, Cap Ferrat, France
Named the “world’s most expensive non-urban location”, Cap Ferrat boasts a collection of phenomenal, sprawling villas on the beachfront of the Mediterranean Côte d’ Azur. You can expect to pay an average of $79 000 per sqm, but then you’d be neighbours with Brad Pitt and Angelina Jolie, Paul Allen (co-founder of Microsoft), and – posthumously – Charlie Chaplin.
#3 – Avenue Princess Grace, Monaco
Most famous for its Grand Prix fever in May, Monaco is also home to global millionaires during other times of the year. Princess Grace Avenue is flanked by the waterfront as well as a newly constructed 550-foot luxury apartment building. The average price per sqm for property is $86 000, which is completely affordable for its residents like Lewis Hamilton, Helena Christensen, Andrea Bocelli, and Roger Moore.
#2 – Kensington Palace Gardens, London
If you’d like to rub shoulders with neighbours like William and Kate Windsor, then you’d be interested in Kensington Palace Gardens. It’s also home to some global embassies like Russia, Japan, and France, so there’s no wonder the property is valued at an average of $107 000 per sqm.
#1 – Pollock’s Path, The Peak, Hong Kong
Historically, this area has been a safe retreat for the wealthiest residents in Hong Kong. It’s the world’s most expensive street, which boasts incredible views, and an apartment that sold for $103 million. The average price per sqm is $120 000, which is affordable to actor and director Stephen Chow as well as executives for HSBC.
Visual courtesy of: stproperty.sg and deson.com
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