Asia skyscrapers prices tower over the rest of the world

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A newly launched Skyscraper Index by property management company Knight Frank reviews the values of the most expensive skyscraper space in 18 cities around the world.  There are many different ways of ranking skyscrapers; total height and number of floors are the most popular, but the new index bases their commercial value on an analysis of the capital value of upper-storey floor space. 

Asian towers dominate the index with Hong Kong boasting the most expensive skyscraper space in the world.  Kuala Lumpur in Malaysia is ranked 17th whilst Manhattan is the highest placed North American city, and London tops the European league.

Hong Kong boasts the most expensive skyscraper space in the world according to a new index released by Knight Frank. (Photo/Chensiyuan/Wikipedia Commons)Hong Kong boasts the most expensive skyscraper space in the world according to a new index released by Knight Frank. (Photo/Chensiyuan/Wikipedia Commons)

“Skyscrapers continue to capture our imagination.  New buildings dominate newspaper headlines, and those with viewing galleries become popular tourist attractions,” explains James Roberts, the Head of Commercial Research at Knight Frank.

Unsurprisingly, island-based cities tend to embrace the tower concept to maximise space.  According to data in the Knight Frank Wealth Report, Hong Kong has the most skyscrapers in the world, followed by New York.  London scores a lowly 45th place, with conservation restrictions ruling out tower developments in large parts of the central business district.