Shanghai loses ground, but remains attractive for real estate investment

Shanghai has dropped four spots in the real estate investment prospects ranking of Asian cities, published by the Urban Land Institute and PricewaterhouseCoopers LLP. Despite the drop from second to sixth place, the city remains attractive for estate investment and development next year, researchers insist.

Shanghai, now behind Tokyo, Jakarta, Osaka, Sydney and Melbourne, still is one of the strongest markets in China. The city witnessed a slump in residential sector investment, a slowing economy, and relatively low rates of returns for most property sectors and locations, says the ‘Emerging Trends in Real Estate Asia Pacific 2015’ report.

According to a Shanghai Daily report, Shanghai ranks seventh in development prospects, compared with the fourth spot in 2014. Beijing ranks 10th in investment and 13th in development prospects, the report said.

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