Thanks to the Chinese New Year holidays in the first quarter, the Chinese investment market has been quiet with the total investment volume decreased to US$27.059bn or a quarter-on-quarter (q-o-q) decrease of 40.2%. Land deals accounted for 96.7% of the total investment volume while building deals accounted 3.3%.
As the uncertainties in the residential market persisted, investors turned to non-residential opportunities this quarter. It is worth noting that office investment (both land and building) continued to see strong growth to reach US$3.154bn, or a q-o-q increase of 23.5%. For example, amongst all the deals in the commercial sector two major office land deals were concluded in Guangzhou.
Source : DTZ (Groupe UGL)