BLOOMBERG – Prices of commercial properties in most global cities have reached record levels since the global financial crisis in 2008, with values in Hong Kong tripling over the past decade, according to a survey by Real Capital Analytics Inc.

With the exception of some cities such as Amsterdam, Chicago, Tokyo and Washington, prices in other cities have fully recovered and gone on to set new records. Prices in Manhattan and London’s West End have almost doubled, the report showed.

Singapore’s commercial property prices have risen 68% since the last crisis, behind Hong Kong, Manhattan and London.

The Global Cities Composite of Real Capital Analytics’ Commercial Property Price Indices rose 8.3 percent in the second quarter from a year earlier, led by strong gains in Boston, Hong Kong, Melbourne and large German cities. In London’s West End, prices rose 0.2 percent from a year earlier. The indexes cover all major investment markets around the globe and are based on actual transactions as opposed to appraisal valuations.

Credits: Bloomberg