The following market reports were made and provided by Savills Property Services (Beijing) Company Limited. The copyright of the market reports belongs to Savills Property Services (Beijing) Company Limited.
， Two new high-end apartment projects are released onto the leasing market in the first quarter, both in the CBD
， Average serviced apartment rent falls 2.8 per cent to RMB159.4 per sq.m., while the citywide occupancy rate falls to 63.8 per cent
， Sandalwood Marriott Executive Apartments to launch 168 serviced apartment units next quarter
， Leasing activity was slow in the first quarter of 2009 with the citywide occupancy rates for high-end villas and Grade 'A' apartments falling 1.6 and 1.7 percentage points respectively compared with the previous quarter
， High-end residential leasing market to experience further pressure next quarter
，
Average first floor shopping mall rent falls 0.5 per cent in the first quarter to RMB759 per sq.m. per month
， Growth rate of Beijing's retail sales slows to 12.7 per cent for the first 2 months of 2009, compared with the same period in 2008, with the value recording RMB81.0 billion
， Two new shopping centres launched onto the market in the first quarter adding 140,000 sq.m. to the market
， Mid-end fashion and cosmetic retailers as well as leisure and entertainment operators maintain more positive expansion strategies
， Mid-to-high end shopping mall rents are expected to continue falling in the short to mid term
， Beijing government implements a series of initiatives to stimulate consumer demand
