Singapore is one of the best property investment destination

According to an industry survey, Singapore are considered to be the best property investment destinations among the all Asian Cities then followed by Shanghai.

Singapore has topped the rankings as the economic growth strong and brisk. All business activity in the hi-tech and financial industries, according to a survey which was jointly published by the Urban Land Institute and PricewaterhouseCoopers.

Followed by other Asian Cities like Shanghai, Mumbai and Hong Kong were the next three best Asian cities for property investment.

There were about 280 property professionals, including developers, executives, brokers and investors taking part of the survey.

Shanghai slipped to second place, from the first spot last year, due to sharp property price increases that dampened investors’ interest.

Although the survey was conducted before Hong Kong implemented its toughest tightening measures to curb property prices, it would not affect its final standing, said some executives who were involved in the survey.

Meanwhile, many investors are least keen on investing in Auckland, Osaka, Bangkok and Manila due to the oversupply of office space and stagnant commercial rents, according to the survey that looked at 20 Asian cities.

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