The East is where the West was, and to reaffirm this fact, the news is that Hong Kong is the world’s most expensive luxury property market. This report was compiled by real estate consultant Savills, which slotted Hong Kong at the top of 10, followed by London, Moscow, Mumbai, New York, Paris, Singapore, Shanghai, Sydney, and Tokyo. The average per foot price was tagged at $10,316 in Hong Kong, giving leverage to the city. The report explained that the East was definitely piling more billionaires compared to the prodigal West. The report also explained that Tokyo was the winner for the most expensive homes in total value and boasted the most expensive flat.