Top Asia-Pacific property markets for this year, according to PwC and the Urban Land Institute
A market that has 'survived the economic fall and offers investors many opportunities', as its financial and hi-tech industries flourish. Development of commercial and residential properties, particularly mixed-use properties, is of high interest.
Ranked second, down from top position a year ago. Despite sharp price hikes that may have dampened some investor interest, the city seems set for recovery and will remain a favoured investment target.
Ranked third as the most promising investment market, and first as the most favoured development market. 'Mumbai is clearly the best performing and most active real estate market,' the report says, despite some concerns about oversupply.
Ranked fourth for investment prospects, due to its strong global appeal and robust rental demand. Although the development outlook is less positive, Emerging Trends notes that the residential sector shows potential.
Ranked fifth for investment prospects, and second for development prospects. The driving force is the government's plans to boost infrastructure with new roads, railways and airports, and its approval for the urban development of tens of thousands of acres of land.