Singapore ranks first in investment, second in development

Singapore took the crown as the city with the most favorable real estate investment prospects 2020  in Asia Pacific, while Hong Kong plunged to the bottom of the ranking to 22nd, according to the  annual Emerging Trends in Real Estate: Asia Pacific 2020 report, by the Urban Land Institute (ULI) and PwC.

Singapore also placed second as the city with most favorable real estate development prospects for 2020. It followed Ho Chi Minh City. Hong Kong again bottomed the ranking.

Despite Hong Kong taking the bottom of both the investment and development rankings, brokers say that while office vacancies are slightly up from historical levels, so few transactions have taken place in recent months that pricing on CBD properties has seen little to no movement.