Shanghai is rated by international property professionals as Asia's top real estate market next year, followed by Hong Kong and Beijing, according to a survey by the Urban Land Institute and PricewaterhouseCoopers.

Hong Kong and the two mainland cities dominated the rankings among 20 Asian cities, reflecting a remarkable resurgence in Chinese commercial real estate as the government-mandated liquidity boom lifted markets across the country, said So Kwok-kay, PwC's real estate tax leader for the Asia-Pacific.

The annual investor survey is based on the opinions of more than 270 international real estate professionals, including investors, developers, property company representatives, lenders, brokers and consultants.

South China Morning Post