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Where are the world's most expensive luxury properties?

By Eoghan Macguire, for CNN
December 12, 2013 -- Updated 0410 GMT (1210 HKT)
In the rich man's world of diversified asset portfolios and international investment opportunities, luxury property in the right market equals hot property. <!-- -->
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</br>But where do speculating millionaires and billionaires get the most bang for their buck? Is it in the suave sophistication of New York City, the ornate splendor of London's townhouses or the ultramodern apartments of central Shanghai? <!-- -->
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</br>We've compiled the following list using data gleaned from the Knight Frank Wealth Report 2013 to show the most valuable locations for luxury properties. In the rich man's world of diversified asset portfolios and international investment opportunities, luxury property in the right market equals hot property.

But where do speculating millionaires and billionaires get the most bang for their buck? Is it in the suave sophistication of New York City, the ornate splendor of London's townhouses or the ultramodern apartments of central Shanghai?

We've compiled the following list using data gleaned from the Knight Frank Wealth Report 2013 to show the most valuable locations for luxury properties.
HIDE CAPTION
Locations for luxury
Monaco
Hong Kong
London
Geneva
Paris
Singapore
Moscow
New York
Sydney
Shanghai
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STORY HIGHLIGHTS
  • Monaco ranks first as most expensive per square meter
  • Ranking taken from Knight Frank Wealth Report 2013
  • Three Asian cities make the top ten for most expensive luxury properties

Editor's note: One Square Meter explores the leading architectural designs, city plans and demand for property investment in emerging markets. Join CNN's John Defterios as he visits some of the world's most dynamic cities for an insight into the fast-paced world of real estate development.
From December 17, watch the show on CNN every Tuesday during Global Exchange.

(CNN) -- In the rich man's world of diversified asset portfolios and international investment opportunities, luxury property in the right market equals hot property.

But where do speculating millionaires and billionaires get the most bang for their buck? Is it in the suave sophistication of New York City, the ornate splendor of London's townhouses or the ultramodern apartments of central Shanghai?

We've compiled the following list using data gleaned from the Knight Frank Wealth Report 2013 to show the most valuable locations for luxury properties.

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