Shanghai real estate investment and development prospects in the Asia Pacific region although the city still ranked the highest among all Chinese cities, said a report jointly released yesterday by the Urban Land Institute and PricewaterhouseCoopers LLP.
The city fell to ninth for investment opportunities and 10th development prospects in 2015, from sixth and seventh rankings, respectively, said the Emerging Trends in Real Estate Asia Pacific 2016 report which covers 22 cities across the region.
Beijing, Shenzhen and Guangzhou ranked 14th, 18th and 20th, respectively, for investment prospects, the report said. They ranked 18th, 20th and 19th respectively for development.
Japan and Australia remain the favorites for investment and development, with Tokyo, Sydney, Melbourne and Osaka taking four of the top five spots for promising markets in Asia-Pacific.
