Dive Brief:

• For the Hong Kong equivalent of $105.7 million, someone can have a newly built home with a great location – atop Victoria Peak.
• That may not be chump change in Omaha, but its not over the top as high-end houses go, until you understand that its 4,661 square feet with four bedrooms and is priced at $22,677 per square foot.
• The house, modestly know as House No. 1 in the Twelve Peaks development above Hong Kong, will hold the record as most expensive house in the world if it goes for what Sun Hung Kai Properties is asking.

Dive Insight:

As one realtor in Hong Kong told Bloomberg, House No. 1 is in a class of its own for real estate in the former British colony. The developer set the price after it got bids it felt were too low for two smaller houses in the development.