- Most expensive per square metre is Monaco, followed by Hong Kong
- Perth rose up the rankings, now 34th in the world on PIRI
- Hong Kong apartment went for HK$1.46M per square metre
Luxury property is hot property at the moment, Perth leaping from 63rd place on Knight Frank’s Prime International Residential Index (PIRI) last year to 34th place this year.
Suffice to say, PIRI proves prime Perth property most prized in the Antipodes.
Recently reported in Hong Kong Tatler, a Borrett Road luxury apartment went for Us $59M (HKD $459M), claimed to be the most expensive apartment ever sold in Asia.
The price tag works out to be around HK$136,000 per square foot (or about HK$1.46M per square metre); HK$1.46M is equivalent to over AU$240,000.
The same index also lists what you can get around the world for $1M.
PIRI ranks Monaco as the most expensive in the world, US$1M getting you only 16 square metres, enough for 4 physically COVID distanced people.
Close behind, unsurprisingly, is Hong Kong in second with 21 square metres for your million.
The Property Tribune recently reported Hong Kong ranked as least affordable for middle-income earners.
The usual suspects fill the remainder of the rogues’ gallery: London, New York, Singapore, Geneva, Los Angeles, Paris, Sydney, Shanghai, Tokyo, Beijing, and the list continues.
Melbourne makes an appearance, ranked 15th, Sao Paulo bringing up the rear of the top 20.