Home » Business » Real Estate
Shanghai still attractive despite slump
Print Edition
SHANGHAI will remain attractive for real estate investment and development next year despite a drop in world ranking, a report jointly published by the Urban Land Institute and PricewaterhouseCoopers LLP yesterday showed.
The city has retreated to sixth spot in terms of real estate investment prospects — after Tokyo, Jakarta, Osaka, Sydney and Melbourne — from second place, a position it had held for four consecutive years till 2014. It is, however, still one of the strongest markets in China, which is seeing a slump in the residential sector, a slowing economy, and relatively low rates of returns for most property sectors and locations, according to the Emerging Trends in Real Estate Asia Pacific 2015 report.
“Due to its status as a key gateway city in Asia it will always have an allocation of international funds. Because of its stronger economy as well as greater market transparency than other cities, it remains a magnet for foreign as well as domestic investors,” said Kenneth Rhee, ULI’s chief representative on the Chinese mainland.
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.
“Given the general lack of enthusiasm toward the Chinese mainland this year, the market has become divided with most of the attention directed at Shanghai and Beijing, which have attracted numerous successful investments by foreign funds over the last 10 years, rather than the less international cities,” said Sally Sun, PwC China partner.
Across the region, the industrial/logistics sector is by far the most popular property type in terms of investment prospects. Its appeal reflects “chronological shortages of logistics capacity in most markets and the relatively higher yields still offered by logistics plays,” the report said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
