The most expensive neighbourhood in the world by recorded transactions is The Peak in Hong Kong, where one apartment sold in February 2026 for HK$323 million, about HK$70,740 a square foot. That is roughly $98,000 a square metre on our conversion. Monaco’s Larvotto, at an official average of 71,167 euros a square metre for 2025, and Singapore’s Nassim Road follow. We kept only places where we found a recorded sale or an official statistic, so the list has three neighbourhoods, not five. The figures measure different things, which we spell out for each.
| Rank | Neighbourhood | Price per sq m (USD, approx.) | Date | Basis |
|---|---|---|---|---|
| 1 | The Peak, Hong Kong | About $98,000 | Feb 2026 | One recorded sale, HK$70,740 per sq ft |
| 2 | Larvotto, Monaco | About $82,000 | 2025 | Official district average, EUR 71,167 per sq m |
| 3 | Nassim Road, Singapore | About $37,000 (land only) | Apr 2023 | Three-bungalow sale, S$4,500 per sq ft of land |
1. The Peak (Mount Nicholson), Hong Kong: about $98,000 per sq m
Land Registry records show that businessman Edwin Leong sold a 4,566 square foot, four-bedroom apartment in the Mount Nicholson enclave in February 2026 for HK$323 million, or about US$41.3 million. That is HK$70,740 a square foot. He had bought it in 2016 for about HK$312 million, and reportedly sold because of weak rental returns.
The all-time per-square-foot record on the road is much higher: a unit sold in 2021 at HK$140,800 a square foot, according to the developers, which would be twice the 2026 level. The Peak is the best-known rich address in Hong Kong, but its latest prices are below the peak.
How we valued it: one recorded sale at 7.8 Hong Kong dollars to the US dollar and 10.76 square feet to a square metre. A single sale is not a district average.
2. Larvotto, Monaco: about $82,000 per sq m
Monaco’s statistics institute, IMSEE, put Larvotto at 71,167 euros a square metre in 2025, up 2.2 percent, and the first time any district has passed 70,000 euros. The principality-wide average was 57,569 euros. The next district, Monte-Carlo, sat at 54,009 euros. IMSEE changed its method this year, so earlier years are not directly comparable.
At about 1.15 dollars per euro, which is our assumption, Larvotto comes to roughly $82,000 a square metre.
How we valued it: an official district average for 2025, converted by us at an assumed exchange rate.
3. Nassim Road, Singapore: about $37,000 per sq m of land
In 2023, three adjoining bungalows at 42, 42A and 42B Nassim Road sold for S$206.7 million, equal to about S$4,500 per square foot of land, a record for Singapore’s best-known street of detached houses. The price was about 14 percent below the sellers’ first ask. We found no later sale or tender result for 2026. At roughly 0.75 US dollars to a Singapore dollar, which is our assumption, it comes to about $37,000 a square metre, and it covers land, not the house.
How we valued it: one recorded sale in April 2023, converted by us. It prices land, so it is not directly comparable with the two apartment-based figures above.
What drives these prices
- Scarcity. Every neighbourhood here has a fixed supply of land, a mountain, a peninsula or a conservation area.
- Taxes. Monaco, Hong Kong and Singapore draw wealthy buyers through tax regimes, which supports price.
- Thin trading. A few dozen sales a year can reset the headline price.
- Cycles. The Peak shows that a 2021 record can be halved by 2026.
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What is the most expensive neighbourhood in the world?
By recorded transactions, The Peak in Hong Kong, with a February 2026 sale at HK$70,740 a square foot. By official district averages, Monaco’s Larvotto at 71,167 euros a square metre.
What is the most expensive area of Monaco?
Larvotto, at 71,167 euros a square metre in 2025 per IMSEE.
Why does the list stop at three?
We found a recorded sale or official statistic for only these three. We left out places such as Manhattan or Paris that rest on estimates.
Is The Peak at its peak?
No. A 2021 unit sold at HK$140,800 a square foot, twice the 2026 sale.
Are the figures comparable?
Only roughly. One is a single sale, one is an official average and one is land only.
How we put this list together
We ranked recorded sales and official statistics, converted to dollars per square metre at assumed rates, and left out listing prices and estimates. Prices are approximate and change over time.
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Last updated: October 2026.
