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Bangkok Post
Bangkok Post
Business

Hong Kong's Tsim Sha Tsui dethroned as world's most expensive shopping district

Hong Kong Tsim Sha Tsui Cushman Covid-19 Knight Frank New York
A Cartier shop is seen on Peking Road in Tsim Sha Tsui in 2018. (South China Morning Post photo)

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 10 ranking since 2019. Via Montenapoleone in Milan ranked third.

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