Hong Kong’s cost of living ranks second in the world

The survey found that Hong Kong fell one place from last year to become the second most expensive city in the world in terms of cost of living.
1st is New York, 3rd is Geneva, 4th is London and 5th is Singapore.
New York, which was second last year, overtook Hong Kong to take first place.
New York’s price rise is faster than Hong Kong’s, and Hong Kong’s housing rents continue to fall.