Beijing – Downturn in the high-end residential market
Affected by both Spring Festival holiday and the tightening credit market, Beijing’s high-end residential market witnessed a downturn in Q1 2014, with transaction volume and average price decreased by 23.8% and 5.4% respectively. By contrast, the high-end residential leasing market experienced a seasonal rebound, with average rent increasing by 1.2% quarter-on-quarter (q-o-q) to reach RMB 174.5 (US$28.3) per sq m per month.
Tianjin – Strong demand among light and special F&B operators
Demand from F&B operators was strong, while traditional merchandising retailers were quiet. Many retail projects are in the midst of trying to adjust their tenant mix, increasing the proportion of F&B, entertainment and leisure segments. Many department stores in Tianjin are now being transformed into shopping malls in order to provide a more diversified shopping experience for customers.
Source : DTZ (Groupe UGL)