Market Reports -Spring 2010

The following market reports are made and provided by Savills Property Services (Beijing) Company Limited. The copyright of the market reports belongs to Savills Property Services (Beijing) Company Limited.

Shenzhen - Residential Briefing
  • All leasing submarkets recorded strong growth in rents and occupancy rates in the first quarter
  • Real estate investment rose to RMB8.0 billion for the first quarter, up 13.9 per cent year-on-year as developers accelerate development
  • Residential transaction volume fell by 40 per cent in the first quarter to 797,000 sqm as government regulations and seasonal fl uctuations cooled the market
  • Transaction prices rose to an average of RMB22,499 per sqm in the first quarter, up by 8.7 per cent quarter-on-quarter, although March figures indicate that the market may have peaked, with the average transaction price falling 15 per cent month-on-month
  • Government regulations and increasing competition from new projects are expected to encourage developers to set more competitive rates in the future

Shenzhen - Office Briefing

  • Grade 'A' office rents rose by 5.4 per cent in the first quarter to an average of RMB135.1 per sqm per month
  • Citywide vacancy rates fell by 0.8 of a percentage point to 10.2 per cent as demand from domestic financial and insurance companies remained firm
  • Demand stayed strong in the sales market in the first quarter, and this, combined with no new supply, drove transaction prices up by 6.5 per cent to an average of RMB29,250 per sqm
  • Four projects with a total GFA of 350,000 sqm are expected to be launched onto the market in 2010 bringing the total Grade 'A' office stock to two million sqm
  • Developers have increasingly adopt a lease-only approach in order to achieve stable long-term returns

Reports: Spring 2008   Summer 2008   Autumn 2008   Winter 2008   Winter 2009