Taipei ranked number nine for property investment potential
The China Post news staffTAIPEI, Taiwan -- Taipei City has been ranked No. 9 in terms of real estate investment potential, according to a poll released jointly by PricewaterhouseCoopers (PwC) and the Urban Land Institute yesterday.
January 22, 2013, 4:21 pm TWN
The findings were included in a research report on real estate investment in the Asia Pacific in 2013. The poll was conducted on some 400 real estate experts, who offered their opinions on property investment in some 22 cities in the region.
According to the poll, the top three markets in Asia Pacific with the biggest investment potential in 2013 are Jakarta, Shanghai and Singapore. Of note, Jakarta ranked No. 11 last year, and the ranking jumped to No. 1 this year.
Taipei City, meanwhile, ranks No. 9.
In terms of real estate development outlook, Taipei ranked No. 8, a jump from No. 12 from last year.
The poll also found increasing interest among real estate investors in second- and third-tier cities in China such as Chongqing, Tianjin and Shenyang, which offer properties that generate higher yields than those in emerging markets.
Wu Wei-tai, deputy operating officer of PwC, meanwhile urged Taiwan insurers to exercise caution when making real estate investment overseas.
“Those seeking to invest in a particular market must beware of the business environment, regulatory regime and investment yield in that market,” he said.
Taiwan insurers have expressed strong interest in overseas real estate, after stricter local investment regulations announced by the government to prevent prices from spiraling out of control.