Hong Kong’s Tsim Sha Tsui named world’s fourth most expensive shopping district

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Hong Kong’s Tsim Sha Tsui named world’s fourth most expensive shopping district - SCMP

Quick Summary:

District falls from third place but is the most expensive shopping destination in Asia-Pacific, according to Cushman & Wakefield.

Central, where rents were US$721 per square foot, ranked eighth in the survey.“High street retail rents in the four core districts, Tsim Sha Tsui, Central, Causeway Bay and Mong Kok, bottomed out in 2023,” said Rosanna Tang, the executive director and head of research at Cushman & Wakefield in Hong Kong.“Rents in these locations remained within the single-digit growth range of between 3 and 6 per cent year-to-date as of the third quarter.

But in the Asia-Pacific region, Hong Kong was still king.