China Index Academy released its new ranking of the top 50 Chinese cities with strong attraction to real estate investment on June 21, and said the first-tier cities still have obvious advantages in investment attractiveness.

Population, industry and transportation are the core driving forces to the real estate market, especially the population and industry play a more obvious role to support the market, said the report.

Hangzhou, capital of East China's Zhejiang province, ranked fifth on the list for its growing digital economy and talent inflow in recent years.