Tokyo is best Asian city to buy real estate

Posted on | December 4, 2008

By BLOOMBERG

TOKYO overtook Shanghai as the best Asian city to buy real estate as investors seek less risky investment for 2009, a survey by the Urban Land Institute and PricewaterhouseCoopers LLP showed.

The Japanese capital has the best prospects and lowest risk among the 20 locations covered by the Emerging Trends survey.

Singapore is in second place and Hong Kong is third, according to the ULI, a Washington-based research firm, and PricewaterhouseCoopers, a New York-based accounting firm.

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