Gains on cards for high-end property sector in Shanghai

Apartments, villas with small floor area to offer better rental income for investors, say analysts WU YIYAO

Demand is likely to increase through 2017 in the high-end residential market in Shanghai as buyers' needs shift and investor sentiment recovers with the improving market climate, property services provider Savills said in a report on Tuesday.

"As Shanghai's central business districts emerge in various areas in the city, demand for high-end residences in such regions has been growing fast. We estimate that the average price and sales revenue of high-end residences may increase in the next few years," said Siu Wing Chu, head of residential sales with Savills in Shanghai.