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Each of the cities listed below features trophy developments along with impressive mixed-use communities and have good room for growth, which is achievable through improvements in transparency, liveability and business environment. Some of the cities could also do well by attracting new capital for further developments, so without further ado, let’s see which city would be the best for you.
5. Shanghai, China
Being the world’s sixth most globalized city, Shanghai could become your best bet for investment in East Asia. Having surpassed Tokyo, the city has successfully established itself as a global financial centre in recent years. Jobs are aplenty here since Shanghai is China’s business and financial hub and real estate investments here also deliver good profits in both the short and long terms.
Between 2015 and 2030, disposable incomes in Shanghai are expected to rise by over US $350 billion – more than London’s and Tokyo’s – and consumer spending may increase by more than US $250 billion. Rental yields here can go up to 6% in different categories, but gross rental yields in the city center currently stand at 2.21% and 2.60% outside the city center.
The best possible place for investment could be the Qiantan Zone located next to the city’s existing Lujiazui CBD, as the government is planning to strengthen the city through developments. If you are planning to move with your family, the city is already developing a Disneyland park – slated for completion in 2016 – and Dreamworks’ Dreamcare center to uplift its tourist attractions. Also the healthcare facilities and education institutes here are at par with those in New York and the UK.
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