Prices in Shanghai are at a high level, according to a survey

Source: Internet
Author: User
Keywords China China
Tags asia-pacific based demand developers development development prospects high high level
Recently, the Urban Land Society (Urbanlandinstitute), based in Washington, D.C., and PwC jointly released the 2010 Asia-Pacific Real estate market Emerging Trends report, the report said: Shanghai in 2010 Asia-Pacific region's most investment prospects and prospects of the city ranked first.  According to the expected level of investment prospects, 2010 Asia's top Five cities were Shanghai, Hong Kong, Beijing, Seoul and Singapore. However, the survey also shows that prices in Shanghai are already at a stage high.    For residential projects in Shanghai, while 42.2% per cent of respondents gave their investment advice, only 32.2% per cent thought they should continue to hold. China's cities in the top three in this ranking, from China's cities in real estate investment, development prospects of two areas have significantly improved, and swept the top three. In the investment prospect, the developers surveyed, investors and market analysts are generally bullish on Shanghai.  In addition to Shanghai, Hong Kong's investment outlook is also very high, Beijing has jumped nine to become the most favored city in the third place. Stephenblank, a senior researcher at the Urban Land Institute, said that in the short term, Shanghai's real estate market is attractive to both investors and developers, and that Shanghai is experiencing the climax of the developers ' acquisition, with a trading volume of close to $1 billion trillion, with liquidity generated by government capital injections,  Developers are seizing the opportunity to increase their land holdings. In the first half of 2009, residential growth in Shanghai grew by more than 11%, and analysts expect the growth to continue to 2010. "One of the main drivers of market demand is the government's injection of liquidity into the economy, which has led to a massive influx of cash-rich investors, including state-owned enterprises, into the property market." Other factors that have contributed positively to the Shanghai market are the 2010 World Expo in Shanghai, which is expected to attract some 70 million tourists, and the government's easing of restrictions on foreign purchases of homes has also led to demand growth.    Said Ying, a Chinese partner at PwC. The market rally is still fragile. In terms of real estate development, investigators believe that China and India will have strong growth, with Shanghai, Mumbai and New Delhi ranking first, second and fourth respectively. Mumbai is second only to Shanghai in terms of real estate development prospects. There has been an increase in all types of property in Mumbai, where economic housing growth is particularly strong as the government continues to lower mortgage thresholds.  In addition, Vietnam Ho Chi Minh City ranked third, the rise of Ho Chi Minh City ranking is mainly due to the rapid expansion of the middle class, not only the increase in demand for local housing, but also promote the development of commercial property. The report also noted that despite the heat in most Asian markets, its rebound (except China) appears short-lived and fragile; while Asian governments are still likely to maintain high liquidity for the foreseeable future, in the final analysis, the short-term performance of Asian countries is linked to Western markets, particularly in the US, And in the face of uncertainties in the Western economy, are investors too early on the Asia-PacificIt remains to be seen that the district markets regain confidence.
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