Tag: rents
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Skyrocketing Rents Pushes HK Ahead of NY to Become the World’s Most Expensive City
Hong Kong ended New York’s 11-year reign as the home of the world’s most expensive district for retailers as luxury-brand companies competed for space to sell goods to mainland Chinese tourists. Average annual rents at Causeway Bay on Hong Kong Island rose 35% to US$2,630 a square foot at the end of June from a…