Good Schools Guideprice: The 16.6% premium

A new development at the top of Hong Kong's exclusive Victoria Peak has just smashed the record for the world's highest asking price per square foot.

Forget basements, bifolds and egg-shaped baths, it's all about party barns, cabanas and plunge pools for 2014's buyers.

The prime lettings market has "picked up" in the first half of the year, says Savills, as a slow-but-steady economic recovery drives confidence and employment.