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Emerging markets are on a building tear, and nowhere is that more evident than Asia.

Flush with capital from years of high savings rates and with a population seeing substantial increases in wealth, countries in the region have focused on providing the housing, infrastructure and commercial buildings needed for the millions of new urbanites that flock into cities from the countryside each year.

Here are the top Asian cities with the best investment prospects according to the The Urban Land Institute's Emerging Trends in Real Estate Asia Pacific 2011 survey.

   Kuala Lumpur, Malaysia 马来西亚吉隆坡

 

Kuala Lumpur, Malaysia [allbestwallpapers.com]

Malaysia was hit especially hard by the Asian financial crisis, but has since recovered quickly. GDP has increased from $79 billion in 1999 to $193 billion in 2009. The primary drawback is the extreme role that exports play in the economy: they made up 96% of GDP in 2009. While the unemployment rate is low (3.2% in 2010) investors are still on edge about future prospects, with over half of respondents giving the city a "hold" rating.

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