Southeast Asian cities are seeing the fastest increase in prime property prices across all of Asia, according to independent global property consultancy Knight Frank.
"Developing Asia is seeing a much larger magnitude of growth in its indices than developed Asia," said Nicholas Holt, head of research for Asia Pacific.
He highlighted Thailand's Bangkok, Indonesia's Jakarta, Malaysia's Kuala Lumpur and Cambodia's Phnom Penh as four of the top five cities when ranked by growth in land prices.
"This is down to the strong growth in the value of prime residential and commercial property over the last two years and the lower price bases these markets were coming from," he added.
Knight Frank classifies prime property as apartments or condominiums and commercial (office) developments.
Knight Frank singled out Jakarta as the stand out market. Its prime residential index showed that prices spiked 184 percent in Jakarta over the past two years, while its prime office index jumped 192.3 percent.
"Transformed over the last 15 years into a relatively open, stable and democratic country, and fuelled by a growing middle class, demand for both high end condominiums and premium office space in Indonesia's capital has shot up over the last two to three years," said Knight Frank.
Another hotspot is Bangkok, the firm said, where the price of residential development land spiked 190.7 percent over the past two years.