In Hong Kong, Russell Street in Causeway Bay ranks to be the most expensive street rents of Asia Pacific. For one year, each square feet of that street will cost you $1,205.46 USD. Global Retail Highlights has cited this report after examining the rents of 127 retail streets across the globe. High rate of retail sales in this street makes it one of the priciest streets in Hong Kong. During April 2010, retail sales from this Hong Kong Street amounted to HK$25.1 billion.
Not only local consumption, another important factor that enhances the sale of this place is tourism. Huge number of tourists provide an impetus in increasing retail sales of Russell Street. Causeway Bay has always been an attractive shopping district to international businessmen. Many international brands are interested in opening their showrooms at this bay. Larger number of inbound visitors and high retail sale rates make this street a prospective shopping area!