Property Times

South & West China : Residential transaction volume falls - Q2 2014

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Shenzhen – Active demand for Grade A office pushed up rent
Demand for grade A office in Q2 was more active than in Q1. 2014 net absorption in the Shenzhen office market reached 104,391 sq m; projects in the core pre-leasing well. Availability ratio dropped to 6.3%. In Q2, grade A office rent grew 5.7% quarter-on-quarter (q-o-q) to RMB 211.1 (US$33.8) per sq m per month.

Xiamen – Rent for retail properties maintained steady increase
As retail sales continued to grow, the retail market maintained steady development. This quarter, with no new supply, average rent in prime shopping centre increased slightly to RMB 653.5 (US$104.6) per sq m per month. Affected by redevelopment or refurbishment of existing shopping malls, as well as e-commerce and changes in shopping habits, citywide availability ratio rose to 10.3%.

Chongqing – Housing transaction volume decreased and price increased
From January to May, new supply reached 9,544,308 sq m, a very small decrease of 0.65% year-on-year (y-o-y). Transaction volume in the first five months was recorded at 7,643,500 sq m, a sharp decrease of 22.3% y-o-y. The average residential price in the first five months was RMB 7,729 (US$1,236.64) per sq m, or the equivalent of an increase of 10.28% y-o-y.

Chengdu – Rent for grade A office edges down slightly
In Q2 2014, Chinese Estate Plaza in the CBD entered the market, adding 57,434 sq m of new supply to Chengdu’s grade A office market. Leasing activity for grade A office was still very active within the quarter. Stimulated by new supply, the overall net absorption was 50,532.1 sq m, up 13.0% q-o-q. Rent in the whole city's range of grade A office was RMB 122.5 (US$19.6) per sq m per month, down 0.3% q-o-q.

Source : DTZ (Groupe UGL)

 

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Mots-clés : DTZ

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