According to the ability to maintain a desired lifestyle, London is more expensive than Hong Kong, based on the data compiled by online property portal Juwai IQI.

Based on Juwai’s estimates, the threshold for achieving financial freedom in Hong Kong would be US$4 million.

Juwai IQI’s co-founder and group executive chairman Georg Chmiel said, “London is the only major world city [outside China] where it is more expensive to obtain financial freedom than in Shanghai or other Chinese tiers 1 city.”