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Causeway Bay world??s most expensive shopping district Korean enchanting ladies. magnetic starlets.

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Hong Kong (CNS) -- Hong Kong's Causeway Bay has overtaken Fifth Avenue of Manhattan as the world's most expensive shopping district, according to a report released Wednesday by Cushman &Chinese Svelte beauties. Wakefield, a privately owned commercial real estate broker and consultant.

Average rent for one square foot in Causeway Bay rose 34.9 percent to 2,630 U.S. dollars a year, overtaking Fifth Avenue's 2,500 U.S. dollars. Avenue des Champs-Elysees of Paris also saw a substantial rise to 1,129 U.S. dollars, surpassing Ginza in Tokyo.

The existing brands are still expanding and new brands also want to carve a niche in this limited area, leading to the rental rise, said John Strachan, director of the global retail service of Cushman &charming vixens. Wakefield.

Shopping districts in Hong Kong also occupy the top three of the Asia-Pacific's most expensive shopping districts, according to the report.

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