GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Land In The World

The most expensive land in the world is typically found in prime urban locations such as London, Hong Kong, and Monaco, with prices reaching tens of thousands of dollars per square foot.

Last Updated: June 23, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore a collection of staggering statistics on the most expensive land and property transactions from around the globe. From Monaco’s luxury real estate market to sky-high prices in major cities like New York and Hong Kong, these eye-opening figures shed light on the exorbitant costs associated with owning prime real estate in today’s world. Join us as we uncover the jaw-dropping prices paid for some of the most coveted pieces of land in existence.

Statistic 1

"Monaco is the most expensive city in the world to buy property where $1 million gets only 16 square meters."

Statistic 2

"Australian billionaire James Packer sold his land in Malibu, California, for $50 million in 2013."

Statistic 3

"In Manhattan, NY, 1 square foot of land costs around $1,773."

Statistic 4

"A single parking space in Hong Kong was sold for a record-breaking $969,000 in 2020."

Statistic 5

"Value of land in Tokyo's Chiyoda ward is about $448,000 per square meter."

Statistic 6

"In 2020, Singapore topped the chart for most expensive farmland at $103,494 per acre."

Statistic 7

"In Los Angeles, California, The Mountain, one of the most expensive properties in the world, sold for only $100,000 in 2020 due to bankruptcy—its original price was $1 billion."

Statistic 8

"Indian billionaire Mukesh Ambani's residential property in Mumbai is worth approx. $2 billion."

Statistic 9

"In 2019, Central Park Tower in New York City became the world’s most expensive residential building at $2 billion."

Statistic 10

"In 2015, 13acres of land on the market in Bel Air, Los Angeles, had a list price of $125 million."

Statistic 11

"In 2021, Saudi Arabia's heritage site, AlUla, included in the world's top five most expensive construction projects. The estimated cost is $20 billion."

Statistic 12

"A megalot in South Kensington, London was put on sale for £85m in 2019."

Statistic 13

"A property in Atherton, California, the most expensive zip code in US, was listed for $68 million in 2021."

Statistic 14

"The value of an acre of land in Manhattan is $90 million."

Statistic 15

"A plot on the French Riviera was put on the market with an asking price of €1 billion ($1.1 billion) in 2020."

Statistic 16

"A land plot on Sunset strip in Los Angeles was listed for $1.25 billion in 2018."

Statistic 17

"Buckingham Palace has been declared the most expensive prime property in Europe - worth over £935m ($1.26B)."

Statistic 18

"A land plot in London's Hyde Park was sold for £210 million ($268 million) in 2019, making it the UK's most expensive land sale."

Statistic 19

"An acre of land in Sandbanks, Dorset, UK, valued at £6 million in 2021, making it the most expensive coastal real estate in Britain."

The global real estate market continues to showcase staggering extremes in property prices, with luxury properties and prime land fetching exorbitant sums across major cities and coveted locations. From Monaco’s sky-high prices per square meter to sprawling estates in desirable areas like Malibu, Manhattan, and Tokyo commanding eye-watering values, the trends illustrate the immense wealth and exclusivity associated with these sought-after properties. Billionaires like Mukesh Ambani and James Packer have made headlines with their multi-million dollar real estate investments, while record-breaking sales and listings in locations such as Hong Kong, London, and Los Angeles highlight the sheer opulence and prestige linked to owning prime real estate. As global construction projects reach unprecedented costs and iconic landmarks like Buckingham Palace set the benchmark for luxury property values, the extravagant prices in the world’s most coveted real estate markets continue to captivate and astound onlookers worldwide.