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Shanghai 'ranks high' in region for real estate investment

Updated: 2013-12-06 07:52
By Wang Ying in Shanghai ( China Daily)

Shanghai is the second-most attractive investment market after Tokyo in the Asia-Pacific region, a report said on Thursday.

Despite stagnant rental growth, real estate in the nation's financial hub continues to draw international investors because Shanghai is widely perceived as a well-known, low-risk market for those who are unwilling to venture into lesser-known cities, according to Emerging Trends in Real Estate Asia-Pacific 2014, a real estate forecast jointly published by the United States-based Urban Land Institute and financial services firm PricewaterhouseCoopers.

Shanghai offers a "level of comfort" to funds with a mandate to place money in China, the report said. And it's the fourth most promising development market for 2014 in the eyes of industry leaders, the report said.

Shanghai 'ranks high' in region for real estate investment