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For more market reports, please visit the website of Savills China. |
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The following market reports were made and provided by Savills China. The copyright of the market reports belongs to Savills China.
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| ， Residential supply recorded a fall in the first two months of Q4 as developers exhaust available stock. Monthly supply was down 13.4 per cent compared with Q3 |
| ， Despite concerns that price rises would eat into property demand, first-hand transaction volume in Q4 remained healthy as buyers rushed to acquire properties before tax breaks were rolled back |
| ， Average first hand transaction price continued to rise in the first two months of Q4 rising to an average of RMB18,699 per sq.m. in November as unsold stock on the first hand market (incl. economical housing) fells to 4.8 million sq.m. |
| ， High end properties continue to attract significant interest recording record high transaction volume of properties priced above RMB25,000 per sq.m. in the first two months of Q4 in both the villa and apartment markets |
| ， Second hand transaction volume was also strong in Q4, recording the highest amount to date in November. Prices, while not rising as fast as in the first hand market, showed considerable growth in the first 11 months of the year |
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The government has taken initial steps to cool the market in the year ahead creating uncertainty over future prospects
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| ， Residential rents started to stabilise towards the end of 2009 holding at an average of RMB156.7 per sqm per month |
| ， Citywide occupancy rate rises to 80.7 per cent in the fourth quarter recording the second consecutive quarterly gain |
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Pudong villa rents and occupancy remain stable in the fourth quarter at an average of RMB152.8 per sqm per month and 93.0 per cent respectively
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| ， Luxury apartment and villa markets continue to outperform other segments with rents increasing to averages of RMB253.4 and RMB169.2 per sqm per month while occupancy rates reach 78.5 and 95.1 per cent respectively |
| ， Multinational corporations (MNCs) expected to remain cost conscious in 2010 with typical housing budgets remaining on a par with 2009 levels |
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| ， The fourth quarter sees five new Grade 'A' office projects handed over, adding 276,200 sq.m. of space to the market |
| ， Cumulative net take-up by the end of the fourth quarter amounts to 319,630 sq.m. |
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Rents fall 4.2 per cent in the fourth quarter, down 16.3 per cent for the whole of 2009 and down 24.2 per cent from peak
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| ， Shanghai's overall vacancy rate increases to 16.7 per cent in the fourth quarter, with both supply and demand picking up |
| ， Shanghai's en bloc office investment market sees a pick up in activity from domestic investors in the fourth quarter |
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Shanghai government announces construction restrictions to take effect during the 2010 World Expo
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| ， Average first fl oor prime rent remains unchanged in the fourth quarter at RMB33.7 per sq.m. per day |
| ， Citywide prime shopping mall vacancy rate remains unchanged at 3.4 per cent at the end of the fourth quarter |
| ， Three new shopping malls launched onto the market in the fourth quarter, adding 150,000 sq.m. |
| ， Well established projects look to increase space dedicated to fashion and accessories retailers in an attempt increase rental revenues |
| ， Shopping mall supply predicted to rise to a record high of 821,000 sq.m. in 2010, 59 per cent of which will be located in emerging retail districts |
| ， Prime shopping mall rents expected to start rising again in 2010 |
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