18 Nov '12, 3am

Hong Kong’s Causeway Bay Becomes the Most Expensive Shopping Area in the World #DollarAndDream

Hong Kong’s Causeway Bay Becomes the Most Expensive Shopping Area in the World #DollarAndDream

The growth of emerging markets led by China has made Hong Kong the most expensive shopping area in the world. A study done by Cushman & Wakefield reveals that New York has given way to Hong Kong as the retailers located in the luxury area of Causeway Bay paid an average of $2,630 per square foot. This was a growth of over 34% compared to the previous year and was fuelled by about 30% growth in sales driven by the tourists and mainland residents. London may be the most expensive when it comes to the super prime real estate but its Bond Street slipped out of the top ten list of the most expensive shopping area resulting from a weak national demand. We bring for you the top ten most expensive shopping area in the world.

Full article: http://elitechoice.org/2012/11/18/hong-kongs-causeway-bay...

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