World’s Most Expensive Home Per Square Foot Goes on Sale in Hong Kong

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 A rendering of House No. 1 at Twelve Peaks, a new luxury development in Hong Kong.
 Sun Hung Kai Properties

In Hong Kong, luxury real estate prices keep climbing to the stratosphere.

Developer Sun Hung Kai Properties 0016.HK -1.78% is listing House No. 1 at its new Twelve Peaks development located in the city’s exclusive Victoria’s Peak neighborhood at 819.1 million Hong Kong dollars (US$105.7 million). If a buyer pays full price, it would represent a cost of HK$175,735 per square foot and would be the world’s most expensive home ever sold on a per square foot basis. It would also be the most expensive home ever sold in the city.