Which most expensive land in the world?

Given that values change over time and are impacted by numerous economic, social, and political aspects, it is challenging to identify what is the most expensive land in the world. Numerous variables, including location, size, potential for development, availability of natural resources, and market demand, all have a significant impact on the value of land.

Where is the most expensive land in the world?

At Fatehgarh Sahab, a town in Punjab, the highest amount ever paid for a small parcel of land was paid.

Dewan Toder Mal, a wealthy Hindu businessman and devotee of the tenth Guru, Guru Gobind Singh Ji, is the name of the person who purchased this most expensive plot of land ever purchased in history. For a square metre, Diwan Todalmal was required to pay 78000 gold coins. That gold was 7.8 tonnes in weight.

However, in today’s time, there are areas and regions renowned for having most expensive piece of land in the World;

• Monaco

• Hong Kong

• London

• Singapore

• New York City 

• Tokyo

• Sydney

• Geneva

• Paris

After getting an idea about what is the most expensive land in the World, it is vital to keep in mind that land values can fluctuate over time owing to numerous economic, political, and social variables. Land valuations can also be subjective and change depending on personal viewpoints and preferences.

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The prices of land all over the world are increasing day by day, especially in the urban environment. I find it very sad that fewer people are able to afford to buy land in major cities. Out of curiosity, I was researching about the most expensive land in the world. This is what I found out:

The most expensive plot of land ever sold is situated at 2 Murray Road in the Central Business District of Hong Kong. On 16-05-2017, the Hong Kong government sold the plot measuring 31000 square feet for HK$ 23.28 billion (US$ 3,00,37,80,000) to local developer Henderson Land Development. This means, $96,896 per sq. ft. (or $10,42,979 per sq. m.).

The land was occupied by a 1970s multi-storey car parking at the time of the sale. Henderson Land Development has hired a very popular studio Zaha Hadid Architects for designing a 36-storey skyscraper in its place. This commercial tower will feature a sky garden, courtyards, banqueting hall, and so much more.

The twisting glass façade of the building is not just beautiful to look at, its shape can withstand the summer typhoons of the island and also helps reduce cooling loads.

This is all you need to know about the costliest land in the world.

• Hong Kong

• Monaco

• New York

• London

• Shanghai

• Los Angeles

• Beijing

• Geneva

• Paris

• Sydney

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I hope you liked my answer about the most expensive land in the world.