Hong Kong is the most expensive commercial property market

27 sec read

According to a survey by CBRE, Hong Kong has topped the chart of most expensive prime property markets in the World. Its per annum rent per square feet of $264.27 is way higher than the Beijing which is second on the list with prime rent of $178.89.

Asia, which has a strong influence in global property markets, features seven out of ten most pricey markets. New Delhi’s CBD – Connaught Place is placed 9th with rent of approx $105.49 in this list.  The only other Indian city in top 50 is Mumbai with two of its prime business locations featured in the survey. At rank 19, Bandra Kurla Complex is just one notch below Geneva with $80.03 Prime rent. The much older and iconic Nariman Point finds mention at no. 30 with rent of $61.16.

 

Resident Editor