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Shanghai remains the No.1 in real estate prospect in China

By Cherry Cao | December 7, 2015, Monday | Online Edition

SHANGHAI has maintained the highest ranking in both real estate investment and development prospects amongst all Chinese cities despite a further slide in world ranking, according to a report jointly released today by the Urban Land Institute and PricewaterhouseCoopers LLP.

The city has retreated to ninth in terms of investment prospects and tenth for development prospects, compared to its sixth and seventh ranking, respectively, in 2015, according to the Emerging Trends in Real Estate Asia Pacific 2016 report which covers 22 cities across the region.

"Shanghai, as China's top business center, offers international investors an exceptional amount of transparency," said Kenneth Rhee, ULI’s chief representative on the Chinese mainland. "Investors are attracted primarily to core office assets because pricing is perceived as resistant to market cycles."

Beijing, Shenzhen and Guangzhou, meanwhile, ranked 14th, 18th and 20th, respectively, in terms of investment prospects while for development, they ranked 18th, 20th and 19th, respectively, according to the report.

Regionally, Japan and Australia remain the favorite countries for investment and development, with Tokyo, Sydney, Melbourne and Osaka taking four of the top five spots for promising markets in the Asia Pacific region. Ho Chi Minh City, ranking fifth, rounds out the list of most favored markets.

In general, real estate activity in Asia Pacific next year will witness a continuation of trends seen in 2015 -- an abundance of capital flowing to core space as well as a flight to safe havens in the region's most developed and liquid markets.

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