The world’s most expensive retail rents

As a shopping destination, Hong Kong has over the past decade charted a course towards the very high-end in brands — and it seems retailers are now paying a very expensive price for the trend.
With a 46 percent rise in rents, quarter on quarter, Hong Kong is now second only to New York in terms of what tenants pay for retail locations across the city.
Hong Kong last year surpassed Sydney as the second-most expensive city in the world, with the average cost being paid now hitting US$1,687 per square foot per year according to global commercial property company CB Richard Ellis.

New York still tops the charts with rents at US$1,900 but Hong Kong seems intent on closing the gap as the world’s leading brands continue to set up shop all over town.

Gresso Luxor World Time luxury phone

Luxury phone maker Gresso introduces its new Luxor World Time, designed specifically for the world traveler.
As you can see from the image above, owners have the ability to bring up the time for six different locations at a time.
This is handled by the six independent Swiss clockwork mechanisms. The company says that the power reserve is clocked at 10 years.
Watch on the back panel of the phone shows time of the five main world business centres: Tokyo, Moscow, Paris, London and New York.

The sixth, and perhaps most important, slot is wherever you want it to be, which can be your home, or where you might be travelling to.
Screen and clock-face with elegant Roman figures located on the back panel are fringed with two 97-carat sapphire crystals with high-gloss coating.
Luxor World Time case is produced from ultrastrong and superlight titanium alloy specially developed for Gresso.