A group of Hong Kong investors paid the government the equivalent of about N$13.7 billion for an undeveloped piece of land only big enough to host about 70% of a standard soccer pitch, in the coveted Victoria Peak neighbourhood. Business Insider reports that the deal set a new record for the highest price-per-square-foot paid for a government-owned residential site in a neighbourhood that is already known for its exorbitant prices and is home to financiers, business tycoons, celebrities, and billionaires including, according to unconfirmed reports, Alibaba founder Jack Ma.