Shanghai is the third most attractive city in Asia Pacific, behind Tokyo and Sydney and the lack of tradable assets meant Beijing lagged behind.

The percentage of China-based respondents intending to buy more compared to the previous year remain largely unchanged.

Investors are responding to the decrease in the risk-free interest rate and oversupply in lower tier cities by increasing their exposure to core assets.

Investors are displaying a stronger interest in office assets on the back of solid leasing demand in tier I markets. However, investor appetite for industrial is cooling due to the lack of stock for sale.

The lower cost of onshore financing is helping to drive a strong increase in activity by domestic investors and making it more challenging for foreign buyers to compete. However, cross-border investors still rank China as the third most attractive market in Asia Pacific.

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