Peak Prices
In 1904, the Peak Reservation Ordinance barred non-Europeans from living on Victoria Peak.
A source of resentment among the Chinese, the act wasn't repealed until 1946, after the British regained control of Hong Kong from the Japanese.
Ever since, wealthy Hong Kong Chinese have purchased property on the Peak, proving they were equal, if not better, than their colonial administrators.
The trend continues today.
The latest "super deluxe home" has sold for $170 million (US$21.8 million). At 8,200 square feet, the house has four bedrooms, a 5,900 square foot garden and a swimming pool.
The bathroom for one of the bedrooms includes a jacuzzi tub and a sauna and measures 750 square feet, about 75% the size of our flat.
Most home buyers on The Peak are self-made billionaires willing to pay a high price for a prestigious address.
In some ways, the Peak Reservation Ordinance is still in effect.
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