Shanghai’s real estate investment and development prospects in the Asia Pacific region for next year continue to be rosy, according to a joint report by the Urban Land Institute and PricewaterhouseCoopers.
This is despite high prices and severe competition to secure assets.
The city was ranked sixth for investment opportunities and fifth for development prospects in 2019, slightly down from this year’s fourth spot in both categories.
The report was based on personal interviews with 89 professionals and more than 370 survey responses, mainly from developers, real estate consultancies, fund and investment managers, and institutional equity investors.
Meanwhile, value-adding is becoming popular as owners look to upgrade assets by providing more flexibility, better user experiences and improvements, as well as leveraging design and technology functions.