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Shenzhen - New supply in the residential market increases but transaction drops
New supply in the primary market rose as developers rushed to launch their projects. While supply in the first half of the year reached 1,118,000 sq m, new launches between July and August amounted to 986,000 sq m. Although new supply gradually entered the market, transaction volume remained low as sentiment remains weak.
Xiamen - Rent for retail properties continues to increased
In this quarter, the average prime retail rent increased to RMB 699.3 (US$113.7) per sq m per month while the citywide availability ratio remained at 10.2%.
Chongqing - Office availability continues to drop
In Q3 2014, since there was no new launch, the total grade A office stock remained at 695,917 sq m. The market continued to digest its existing stock. The overall availability ratio decreased 2.6 percentage points to 38.8% and the average overall rent was RMB 93.5 (US$15.2) per sq m per month.
Chengdu - Net absorption in the office market up
There was no new launch into the Chengdu office market and stock remained at 1,443,123 sq m. Meanwhile, the overall net absorption in Q3 was 75,110.02 sq m, up 48.6% quarter-on-quarter (q-o-q).
Source : DTZ
