Hong Kong remains the world’s most expensive city to buy a home, despite a 20 per cent decline in prices over the past five years, according to the Deutsche Bank Research Institute’s Mapping the World’s Prices report.
Despite economic headwinds and high mortgage costs, the average price for a flat in the city centre stood at US$25,946 per square metre – keeping Hong Kong ahead of rivals like Zurich, Singapore and New York, according to the report released on Tuesday, which covered 69 cities…
Hong Kong tops global list for priciest homes despite slump: Deutsche Bank
