The world's most expensive skyscraper.
According to Knight Frank, office towers in Hong Kong are among the most expensive commercial properties in the world.
According to the data ofKing Franknewly announced,The price per square foot in these towers in Hong Kong is $8,000, equivalent to approximately $86,110 per square meter. This is about 60% higher than similar buildings in Tokyo, Japan.
Nicholas Holt, head of Asia Pacific research at Knight Frank, said the investment value of Asia's tallest buildings varies significantly, with Hong Kong ranking highest and Mumbai (India) at the bottom of the list.
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Rental prices for skyscrapers in Hong Kong are significantly higher than in many other cities. Photo: Bloomberg |
"In Hong Kong, strong market demand and a lack of new land supply continue to drive up property values, while the structure of the office market in Mumbai has improved significantly."Nicholas Holt said.
The demand for transactions has made Hong Kong the most expensive city in the world, far surpassing many competitors.According to Knight Frank, real estate developer Henderson has just acquired a five-story parking garage in Hong Kong with plans to build an office tower worth nearly $3 billion.
Meanwhile, Savills recently set a price of HK$24.5 billion (approximately US$3.1 billion) for the Langham Place Office Tower in Mong Kok. This price would set a new record for office building transactions in the city.
* Housing crisis pushes Hong Kong's poor into "coffin homes"
According to VNE
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