It is difficult to say where the cheapest area is in Hong Kong. Due to its duty free policy, both of the clothes and cosmetics price is much cheaper, especially these top ones. You could find lots of large shopping plaza in HK, where almost every top brand could be found. There are mainly three shopping area: Cenyral (Hong Kong Landmark, Pacific Place), Causeway Bay (Times Square, Sogo) and Tsim Sha Tsui (Harbour City).

Lots of hotels for your choice, such as the Marco Polo Gateway and the Peninsula Hotel in Tsim Sha Tsui.