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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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| ， First-hand commodity residentialtransaction volume fell by 20.2% in Q4/2011 to 1.53 million sq m, down 58.4% year-on-year, while transaction prices fell by 2.7% to an average of RMB21,541 per sq m, down 6.0% year-on-year. |
| ， The National Bureau of Statistics (NBS) first-hand commodity residential price index recorded an increase of 1.9% in 2011. |
， First-hand residential inventory levels and digestion period climbed to an historically high level by the end of 2011, amounting to 9.8 million sq m
and 9.8 months respectively. |
| ， First-hand apartment transaction volume of units priced more than RMB40,000 per sq m fell to 456 units in Q4/2011, down by 30.5% quarteron- quarter and 69.8% year-on-year. |
| ， First-hand villa transaction volume of units priced more than RMB40,000 per sq m fell to 91 units, down by 15.0% quarter-on-quarter and 69.3% year-on-year. |
| ， Second-hand residential transaction volume fell to 1.7 million sq m in Q4/2011, down by 35.1% quarter-onquarter and 54.5% year-on-year, while average transaction prices increased to RMB16,500 per sq m, up by 0.3% quarter-on-quarter but down by 4.0% year-on-year. |
| ， Eleven residential land plots were transacted in Q4/2011 with the average mark-up over the reserve price falling to 0.1%. |
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| ， Residential rents increased by 0.3% in Q4/2011 to an average of RMB165.7 per sq m per month, despite the traditional low season during the fourth quarter. |
| ， Villa rents ended the year at an average of RMB159.1 per sq m per month down 0.2% quarter-on-quarter but up 0.8% year-on-year. Luxury villas outperformed the wider market recording a year-on-year growth of 3.5% to an average of RMB179.6 per sq m per month. |
| ， A slower sales market has encouraged individual landlords to turn to the leasing market, increasing supply and competition in the stratatitle residential market. |
| ， The strata-title and servicedapartment markets saw occupancy rates fall in Q4/2011 by 0.4% and 1.8% respectively due to the seasonal downturn. |
| ， Six new serviced apartments are expected to be launched in 2012. |
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| ， No new projects were added to the market in the fourth quarter leaving annual supply at 565,800 sq m. |
| ， Net take-up totalled 80,100 sq m in the fourth quarter, bringing excess demand to 165,700 sq m in 2011. |
| ， The city-wide vacancy rate fell by 1.6 percentage points quarter-on-quarter to 7.1%, representing a 4.6-percentage point decline year-on-year. |
| ， Rents rose by 3.0% quarter-on-quarter to an average of RMB7.36 per sq m per day, bringing rental appreciation to 11.1% year-on-year. |
| ， Four significant investment deals were transacted in the fourth quarter, representing a total consideration of RMB5.11 billion (US$811 million), or an 88% increase year-on-year. |
| ， Gross yields remained unchanged in the fourth quarter at 5.3%, representing a 0.7 of a percentage point decline year-on-year. |
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| ， Average first-floor shopping mall rents in prime areas increased by 7.0% year-on-year to an average of RMB40.5 per sq m per day. |
| ， Reputable projects in secondary areas performed well above market average, pushing up non-prime average rents to RMB20.6 per sq m per day. |
| ， The city-wide shopping mall vacancy rate in prime locations fell by 0.4 of a percentage point quarter-on-quarter to 2.4%. |
| ， Two new shopping malls were launched in the fourth quarter, bringing a total of 226,000 sq m of supply to the market. |
| ， The prime retail markets are expected to receive their largest annual volume of new supply for over five years in 2012, at 262,000 sq m. |
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