Hong Kong Skyscrapers World's Most Expensive, Knight Frank Says
- City’s towers worth more than double Manhattan skyscrapers
- Henderson’s $3 billion carpark deal highlights price frenzy
People look out from the waterfront as buildings across the Victoria Harbour stand illuminated at night in Hong Kong.
Photographer: Anthony Kwan/BloombergThis article is for subscribers only.
Skyscrapers in Hong Kong are the world’s most expensive commercial real estate assets, according to Knight Frank LLP.
Hong Kong skyscrapers are worth $8,000 per square foot, about 60 percent 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.