According to the “Prepped Cities Index” in a report by real estate consultancy Cushman & Wakefield, Singapore, Melbourne, Australia and Shanghai are the three best prepared cities among the 17 Asia Pacific cities it reviewed. The survey assessed macroeconomic, structural and defensive factors, besides social indicators in built up environments.
James Shepherd who managing director of Greater China research at Cushman & Wakefield said: “China with great potential to improve further in years to come performed very well.”
All five Chinese cities reviewed Shanghai, Beijing, Shenzhen, Guangzhou and Hong Kong-ranked among the top 10, showing their high level of preparedness for future uncertainties.
According to the report, the real estate is based on the economy. You are also well prepared for the future of cities with large amounts of investments.
The report also stated that East China did not show a certain weakness in governance and environmental factors.