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Hong Kong & New York "Slugging It Out" For Most Expensive Rent

It's no surprise that rent for prize retail real estate in Hong Kong is sky-high. But this year, its rise has hit yet another milestone, with rent in Causeway Bay becoming the world's most expensive.

Hong Kong & New York "Slugging It Out" For Most Expensive Rent
Rent in Causeway Bay is higher than Fifth Avenue in New York

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