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Hong Kong skyscrapers world's most expensive, says Knight Frank

Bloomberg Published on Wed, Jul 19, 2017 / 5:58 PM GMT+8

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SINGAPORE (July 19): Skyscrapers in Hong Kong are the world’s most expensive commercial real estate assets, according to Knight Frank LLP.

Hong Kong skyscrapers are worth US$8,000 psf ($10,948 psf), about 60% more than Tokyo’s tall towers, according to a Knight Frank report released Wednesday. The analysis used rents and prime yields to value office towers as of the fourth quarter of 2016.