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For more market reports, please visit the website of Savills China. |
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The following market reports were made and provided by Savills Property Services (Beijing) Company Limited. The copyright of the market reports belongs to Savills Property Services (Beijing) Company Limited. |
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| ， Mass-market residential supply exceeded transaction volume by 200,000 sq m in the third quarter, bringing unsold inventory levels up to 14.3 million sq m. |
| ， The mass-market residential price index remained unchanged in the third quarter, representing just a 1.8% increase year-on-year. |
| ， Grade A apartment prices increased by 3.2% quarter-on-quarter to an average of RMB55,608 per sq m, while transaction volume fell by 12.6% to 673 units. |
| ， High-end villa prices decreased by 2.1% quarter-on-quarter to an average of RMB40,674 per sq m despite an increase of 32.8% in transaction volume. |
| ， High-end residential transaction volume is expected to remain subdued in 2012 resulting in a moderate fall in prices. |
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| ， No new serviced-apartment projects were handed over to the market in the third quarter, representing the fifth consecutive quarter with no new supply. |
| ， Serviced-apartment, high-end villa and Grade A apartment occupancy rates increased by 1.1, 0.8, and 0.4 of a percentage point quarter-on-quarter to 88.2%, 90.9% and 88.4% respectively. |
| ， Serviced-apartment and Grade A apartment rents rose by 2.3% and 5.2% quarter-on-quarter to an average of RMB178.5 and RMB121.4 per sq m per month respectively, while high-end villa rents remained unchanged at RMB122.1 per sq m per month. |
| ， Only one Grade A apartment project is expected to enter the leasing market in the fourth quarter. |
| ， Limited new supply in 2012 is expected to support a rise in occupancy rates and rents in all major high-end residential leasing submarkets. |
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| ， Three Grade A office projects were handed over in the third quarter, adding 165,400 sq m to the market and ending the two consecutive quarters without new supply. |
| ， Net take-up decreased by 30% quarter-on-quarter to 122,300 sq m, largely due to a shortage of leasable stock. |
| ， Grade A office rents increased by 7.9% quarter-on-quarter to an average of RMB258.7 per sq m per month, representing an appreciation of 42.5% year-on-year. |
| ， New supply pushed the overall vacancy rate up by 0.4 of a percentage point quarter-on-quarter to 6.3%. However, new supply was concentrated in emerging areas and was, therefore, unable to relieve the tight supply in primary business areas. |
| ， Rents and capital values are expected to continue to appreciate in the mid term, albeit at a slower rate, as the introduction of additional supply continues to dilute demand. |
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| ， Retail sales in the first nine months of 2011 totalled RMB500.8 billion, representing an 11.5% year-on-year increase. |
| ， Only one new retail project was launched in Q3/2011, adding 50,000 sq m to the market. |
| ， First-floor prime shopping mall rents increased by 7.2% quarter-on-quarter to RMB808.8 per sq m per month. |
| ， The city-wide prime shopping mall occupancy rate rose by 1.0 percentage point quarter-on-quarter to 91.3%. |
| ， Six projects with approximately 306,000 sq m of new space are expected to be added to the market in Q4/2011. However, this additional supply is unlikely to influence city-wide occupancy rates and rents due to the high pre-commitment levels which the projects have already achieved. |
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| ， The high-end residential market remained sluggish in the third quarter as government regulations to cool demand remained in place. |
| ， A strong residential leasing market and rising rents supported an increase in high-end property yields in Q3/2011. |
| ， Grade A office capital values increased 4.8% in the third quarter to RMB49,575 per sq m, representing a 37.9% increase year-on-year. |
| ， Grade A office average gross revisionary yields increased 16 basis points (bps) to 6.26%, thanks to a 7.9% jump in rents. |
| ， Only one en-bloc deal was concluded in Q3 as the bullish commercial leasing market made landlords reluctant to cash-out their projects. |
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| More Market Reports: 1 2 3 4 5 6 7 8 9 10 11 12 |
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