You need an incredible amount of money to live in The Peak
At various times over the past decade, Pollock's Path, Barker Road, and Severn Road — all streets on The Peak — have claimedThe neighborhood is home to a mix of bankers, expatriates, business magnates, celebrities, and, more recently, Chinese millionaires and billionaires looking for a place to invest or vacation away from pollution in cities on the mainland.
It's the kind of neighborhood that consistently breaks records for the most expensive real estate in the world. In 2015, it was rumored that Jack Ma, the Chinese billionaire who founded Alibaba,broke the record for the most expensive real estate in Asia, purchasing a 9,217-square-foot villa on The Peak for about $180 million, making it about $19,400 per square foot.
I visited the ritzy neighborhood last March to see why it continues to house some of the most coveted addresses in the world. It did not disappoint.The Peak is the neighborhood surrounding Victoria Peak, the highest point on Hong Kong Island, with an elevation of 1,811 feet. I took a taxi to get to Victoria Peak Lookout, a major tourist destination.Most tourists ride the Peak Tram up. The Peak Galleria, a mega mall at the top of the tramway is complete with souvenirs and a Madame Tussauds.
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