The Korea Herald

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[Graphic News] Myeong-dong, world’s 9th highest commercial rental prices

By Korea Herald

Published : Nov. 14, 2013 - 20:56

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Myeong-dong in central Seoul was ranked ninth on a list of the world’s priciest shopping districts in terms of real estate, according to a survey conducted by Cushman & Wakefield, a global real estate consulting firm. The district’s monthly rental prices posted an average of 750,000 won per square meter. The world’s most expensive retail address was Hong Kong’s Causeway Bay.