Market Reports -Summer 2008
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
- Serviced apartment rents rise by 2 per cent to RMB211 per sq.m. per month
- Serviced apartment vacancy rate falls 2 percentage points to 10 per cent
- Luxury villa rents fall 1 per cent to RMB178 per sq.m. per month
- Luxury villa occupancy rate falls 2 percentage points to 87 per cent
- Average residential prices continue to fall despite growth in transaction volumes since February
- The average sales price for mass market residential properties in the second quarter was RMB12,381 per sq.m., down 15.8 per cent quarter-on-quarter and 7.0 per cent year-on-year
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Shenzhen - Office Briefing
- Average rents decrease to RMB158.1 per sq.m. per month in the second quarter, down 1.4 per cent from the previous quarter
- Rent in Futian CBD decrease by 1.5 per cent quarter-on-quarter, while new supply leads to a 3 percentage point rise in the vacancy rate
- Nanshan District rents fall by 4.2 per cent quarter on quarter to RMB120.6 per sq.m. per month
- In Luohu District, rental rates show a slight increase and vacancy rates fall
- Sales prices in both Futian CBD and Luohu District maintained their upward momentum while sales volumes in Futian CBD increased significantly
Reports: Spring 2008 Autumn 2008 |
