Hong Kong's Causeway Bay world's most expensive shopping areas

 

 Causeway Bay on Hong Kong Island, has become the most expensive shopping district in the world, surpassing the Fifth Avenue in New York .
"The first of this year's ranking of Hong Kong," the cabinet said in a statement received on Friday. "Despite the economic slowdown, dealers still consider this market as the ideal platform to enter mainland China."

 

 The square meter is currently rented to 22,307 euros on average per year, against 21,204 euros in New York. The Champs Elysee's in Paris are now in the third place worldwide (to 9573 euros per m2), after being fifth in 2011.Al trio followed Ginza (Tokyo), Pitt Street Mall (Sydney) and New Bond Street (London).

 

 According to the annual survey , the commercial rental rates are driven by distributors in the luxury sector, waging a fierce competition to be on the sites 'most wanted .

The Asia Pacific region includes five of the ten most expensive shopping districts in the world, the emergence test in this area has a middle class that increasingly more resources.