Hong Kong is fifth most expensive city in the world

Tourists throng the Tsim Sha Tsui promenade in Hong Kong to enjoy a sunny afternoon as the Hong Kong Island is seen across Victoria Harbour.- China Daily/ANN

HONG KONG: Hong Kong has been ranked the world's fifth most expensive city this year, the Economist Intelligence Unit (EIU) said on Thursday (Nov 300.

Singapore and Zurich tied for the world's most expensive city, bumping New York, which tied with Singapore for first place in 2022, down to third place.