Why is the housing property fee in the core area of new york so expensive?

New york is a global financial and commercial center with important stock exchanges, dozens of big banks, insurance companies and exchanges, and hundreds of Fortune 500 companies, so it is called the world financial center.

New york, located in the Atlantic coast of southeastern New York, is the largest city and the largest port in the United States. New york Metropolitan Area is one of the largest metropolitan areas in the world, and it is also called "Newland Port" with London, China and Hongkong.