A flat at Hong Kong's affluent Peak district has become the most expensive in Asia per square foot after fetching a whopping HK$639.8 million in a tender sale.

The 4,544-sq-ft Mount Nicholson flat with three parking spaces on The Peak, sold for an average HK$140,000 per sq ft, the highest price for residential property in Asia, while a 4,186-sq-ft flat beside it fetched a tidy HK$560.92 million, or HK$134,000 per sq ft.

Source via The Standard