Hong Kong’s Tsim Sha Tsui has retained its title as Asia’s priciest luxury retail strip, commanding £16,160 (US$22,000) per square metre in annual rents, as the city remains among the world’s most active markets in terms of new high-end store openings, according to Savills. London’s Bond Street replaced Tsim Sha Tsui as the top global luxury retail property market with rents of £19,228 per square metre per year, according to the ninth edition of the UK-based property consultancy’s Global Luxury.