Taipei, Nanjing join cities emerging as property hotbeds
They are noted for their improved quality of life, innovation, and sustainability.
Cities like Taipei, Nanjing, Mumbai, and Kuala Lumpur are luring more real estate investors due to their quality of life, innovation and sustainability, according to a JLL news release.
This is in line with its latest research which revealed that investors and occupiers are now more interested in a city’s overall competitiveness than its economic fundamentals.
Other “emerging” cities like Guangzhou, Shenzhen, Bangkok and Delhi continue to attract high level of domestic demand and international trade and capital, according to Stuart Crow, CEO of Capital Markets for JLL Asia Pacific.
In fact, Guangzhou and Shenzhen alone gained a total of $2.2b (US$1.6b) in foreign real estate investments over the last three years.
Meanwhile, “established” cities such as Singapore, Tokyo and Seoul attracted a total of $90.3b (US$65.3b) also in investment capital over the same period.