






{"id":3591,"date":"2019-07-10T11:32:04","date_gmt":"2019-07-10T11:32:04","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3591"},"modified":"2021-06-04T14:32:08","modified_gmt":"2021-06-04T07:32:08","slug":"hong-kong-tokyo-home-to-the-worlds-most-expensive-ultra-prime-houses","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/hong-kong-tokyo-home-to-the-worlds-most-expensive-ultra-prime-houses\/","title":{"rendered":"Hong Kong, Tokyo home to the world\u2019s most expensive ultra-prime houses"},"content":{"rendered":"<p>Billionaire-rich cities have sky-high luxury property prices? No coincidence, says Savills<\/p>\n<figure id=\"attachment_3592\" aria-describedby=\"caption-attachment-3592\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3592\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/07\/shutterstock_1140235715.jpg\" alt=\"\" width=\"1000\" height=\"562\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/07\/shutterstock_1140235715.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/07\/shutterstock_1140235715-300x169.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/07\/shutterstock_1140235715-768x432.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3592\" class=\"wp-caption-text\">Aerial view of Hong Kong. Lewis Cheng\/Shutterstock<\/figcaption><\/figure>\n<p>With 79 billionaires calling it home, Hong Kong was named the city with the highest luxury residential real estate prices in the world, with Tokyo immediately bearing its rear.<\/p>\n<p>The price of an ultra-prime home in the Chinese SAR stands at USD8,370 per square foot, marking a positive growth of 51 percent over a five-year period, according to a new report by Savills via <a href=\"https:\/\/www.mansionglobal.com\/articles\/these-cities-have-the-most-billionaires-and-the-highest-luxury-home-prices-204944\" target=\"_blank\" rel=\"noopener noreferrer\">Mansion Global<\/a>.<\/p>\n<p>The figure places Tokyo second in the world for top ultra-prime home values at USD6,350 per square foot, up 38 percent during that time.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/record-breaking-rents-for-hong-kongs-caged-homes\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Record-breaking rents for Hong Kong\u2019s caged homes<\/strong><\/a><\/p>\n<p>London has more billionaires than Tokyo\u201455 to the Japanese capital\u2019s 22\u2014but ultra-prime home prices in the British metropolis have dropped a staggering 16 percent over the last five years to end at USD3,400 per square foot.<\/p>\n<p>A notch below London is New York where ultra-prime units commonly fetch USD3,220 per square foot or a rise of 15 percent in pricing over the same period. The city is home to 85 billionaires, the most among markets tracked by Savills.<\/p>\n<p>\u201cIt is no coincidence that many of the cities with the largest number of billionaires are also among the most expensive cities in the world for ultra-prime residential property,\u201d Sophie Chick, head of Savills World Research, was quoted as saying by Global.<\/p>\n<p>Shenzhen and Beijing, however, have shown some of the fastest growth rates in ultra-luxury housing prices. The Greater Bay Area behemoth showed prices gaining 103 percent over the period to stand at USD2,010 per square foot, while the latter made a leap of 98 percent to stand at USD1,780 per square foot.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire-rich cities have sky-high luxury home prices? That&#8217;s no coincidence, says Savills<\/p>\n","protected":false},"author":8,"featured_media":20167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[376,214,215,378,377],"class_list":["post-3591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-alpha-cities","tag-apac","tag-asia","tag-luxury-homes","tag-ultra-luxury-homes","news_country-rest-of-the-world","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hong Kong, Tokyo home to the world\u2019s most expensive ultra-prime houses | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/hong-kong-tokyo-home-to-the-worlds-most-expensive-ultra-prime-houses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hong Kong, Tokyo home to the world\u2019s most expensive ultra-prime houses | Asia Property Awards\" \/>\n<meta property=\"og:description\" content=\"Billionaire-rich cities have sky-high luxury home prices? That&#039;s no coincidence, says Savills\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.asiapropertyawards.com\/en\/hong-kong-tokyo-home-to-the-worlds-most-expensive-ultra-prime-houses\/\" \/>\n<meta property=\"og:site_name\" content=\"Asia Property Awards\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/asiapropertyawards\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-10T11:32:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-04T07:32:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/06\/shutterstock_1140235715.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"562\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Al Gerard de la Cruz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta 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