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New York’s Fifth Avenue beats Hong Kong for world’s most expensive shopping area

Hong Kong's Tsim Sha Tsui has been named the second most expensive retail area in terms of rental costs as COVID-19 hits the tourist-dependent economy hard. Image credit: Shutterstock Hong Kong's Tsim Sha Tsui has been named the second most expensive retail area in terms of rental costs as COVID-19 hits the tourist-dependent economy hard. Image credit: Shutterstock

 

By Jing Zhang