Hong Kong. I love the food, culture, and fantastic public transportation. It has a nice mix of Asian and British influences. The city has tons of energy and is always alive. Plus, despite being a huge metropolis, there are tons of hiking opportunities nearby in beautiful natural areas. Unfortunately I'm not alone in loving it so real estate is crazy expensive (even more so than NYC/SF).
Food, public transportation, beach, hiking in HK are good. But housing in HK is super expensive. You can't find a room in any other cities smaller than HK. People feel desperate because of the super expensive housing. The city's economy is kidnapped by real estate. I am living in HK and thinking about leaving.
Hopefully the boom will end at some point making it affordable again, but I don't hold out much hope for that.