When Hong Kong was a British colony, 1841 - 1997, The Peak was "the place" to live. It was exclusive to British ex-pats. Since there were no roads up The Peak in the early years, residents might be seen being carried up the hill in sedan chairs.
Hong Kong's Peak is still home to the uber-wealthy; it has been the least affordable city in the world for eight years. This year, a 9,217 square foot mansion sold for $180 million, about $19,400 per square foot. However, there are reports of purchases for up to $30,000 per square foot.