KUALA LUMPUR: Property consultant Knight Frank is forecasting stronger investor demand for prime offices globally in 2014, driving further capital growth in these cities.
“We are forecasting another strong year for commercial property around the world in 2014, with capital values for prime offices in most of the world’s major commercial hubs expected to see growth over the next twelve months,” Global Capital Markets Research head Darren Yates said at the launch of the Global Investment report.
With the improved economic backdrop boosting property investment activities, it said commercial property amounted to US$224bil in the first half of 2013, up 11.7% in the same period in 2012.
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