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Hong Kong loses highest retail rental crown to New York

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Hong Kong loses luxury shopping crown to New York

Hong Kong no longer has the world’s most-expensive retail district after rents plummeted due to Covid-19 curbs.
Read more at straitstimes.com. ....

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New York beats Hong Kong for world's most expensive shopping district

Hong Kong can no longer lay claim to the world's most expensive shopping district after losing that crown to New York amid an economic slowdown and an ongoing lack of international visitors due to Covid-19, according to global real estate company Cushman & Wakefield. Manhattan's upper Fifth Avenue displaced Hong Kong's Tsim Sha Tsui district on the company's first top. ....

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