The Peak, as its name suggest, is the highest point on Hong Kong Island. It is covered by country parks and walking trails. Most parts of it are only 10 – 15 minute drive to the business district Central. It is home to one of Hong Kong’s top tourist attractions – The Peak Tower that can be accessed by road or by the Peak Tram, a funicular railway with a terminus in Central.
The Peak has only low density housing which are all high-end. A number of modern apartments and luxury townhouses are built and held by corporate landlords recently but there are still some older colonial style blocks which offer spacious well laid-out floorplans and the majority have now been well renovated.
The most expensive sale of a Hong Kong property was a house at 22 Barker Road, on the Peak, reported by South China Morning Post in August 2015, sold to Alibaba founder Jack Ma for HK$1.5 billion.