Hong Kong property prices epilepsy high cost of life in Asia

High property prices make Hong Kong the most expensive city in Asia. Swiss Baosheng Private Bank publishes Asia Wealth Report, which combines the high cost of living in eleven cities in Asia. Hong Kong has jumped two times this year to replace Shanghai as the most expensive city. The average price per square meter of Hong Kong mansion is higher than the average More than doubled.

High – end life index city ranking

Bhaskar Laxminarayan, director of Asian investment for Asia Pacific and director of Asia’s investment management, said Hong Kong’s property prices will remain high despite higher prices in Hong Kong than in other parts of Asia, although they may be pursued by other regions.

Luxury prices over 1.6 times the average

The Hong Kong mansion’s average price per square meter is $ 51,594 (about HK $ 402,400), which is 1.69 times higher than the average price of $ 19,150 in Asia. Swiss treasure said that although the overall price of goods and services in Hong Kong rose by only 1%, but the highest proportion of real estate accounted for the index, so residential property prices soared will push up Hong Kong ranking.

In addition to the high cost of property in Hong Kong, Hong Kong is also the most expensive city for the delicacies and business class airfare. Asia As a whole, the biggest increase in prices this year, including cigars, men’s suits and legal fees, while the largest decline in the project for the hotel suites, women’s handbags and botulinum treatment.

The depreciation of the stock fell to the second

As for the high cost of living in other cities in Asia, Shanghai and Singapore ranked second and third respectively, with Shanghai’s ranking falling mainly due to the devaluation of the renminbi, but still has six of the most expensive living items, the most expensive project for three consecutive years Most of the city, including laser correction, red wine and jewelry.

As for Kuala Lumpur, Kuala Lumpur replaced Mumbai as the cheapest cost of living because of the continued depreciation of the Ma Yuan and the strong performance of the Indian rupee.