Hong Kong’s high prices increases competitiveness

Global Business

Hongkong1

Hong Kong is now Asia’s most expensive city for expats, and the second priciest in the world, reveals a recent survey. Cathy Yang reports how expats in the city feel about it, and what it means for the city’s competitiveness.

How Hong Kong's high expense influences the city's competitiveness and expats

How Hong Kong's high expense influences the city's competitiveness and expats

Hong Kong is now Asia's most expensive city for expats, and the second priciest in the world, reveals a recent survey.

More details:

  • Because of the strength of the U.S. currency, which the Hong Kong dollar is linked to, the value of everything, but most of all rent, has gone up.