Best place to buy property in Asia

LONDON. December 6. KAZINFORM Forget the red-hot property market of mainland China -- a new forecast says investors should be looking south.
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Jakarta -- Indonesia's burgeoning capital of nearly 10 million people -- is predicted to be Asia's top real estate market in 2013, ahead of cities such as Hong Kong, Singapore and Sydney in "Emerging Trends in Real Estate -- Asia Pacific 2013," a real estate forecast released this week by PriceWaterhouseCoopers and the Washington D.C.-based Urban Land Institute, CNN informs.

The recommendation to buy into Jakarta-based property may raise eyebrows, but PriceWatershouseCoopers says Indonesia's economic turnaround over the past few years has impressed international investors.

 Asia-Pacific's Top 15 Asian Investment Prospects for 2013

1. Jakarta, Indonesia

2. Shanghai, China

3. Singapore, Singapore

4. Sydney, Australia

5. Kuala Lumpur, Malaysia

6. Bangkok, Thailand

7. Beijing, China

8. China--secondary cities (Chongqing, Tianjin, Shenyang)

9. Taipei, Taiwan

10. Melbourne, Australia

11. Hong Kong, China

12. Manila, Philippines

13. Tokyo, Japan

14. Seoul, South Korea

15. Guangzhou, China

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