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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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| ， New supply in the first quarter of 2009 falls to 2.7 million sq.m., down 35.0 per cent compared with the same period last year |
| ， Transaction volume rebounds in the first quarter, with 3.7 million sq.m. of residential property transacted, up 20 per cent quarter-on-quarter but still down 10.0 per cent year-on-year |
| ， Average transaction price rises to RMB9,942 per sq.m. in the first quarter, up 19.7 per cent year-on-year |
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High end apartment transactions pick up in the first quarter with 835 apartment units priced at over RMB25,000 per sq.m. transacted, up from 536 units in the previous quarter
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| ， High end villa transactions remain subdued in the first quarter with 105 villa units priced at over RMB25,000 per sq.m. sold in the first quarter, down from 143 units in the previous quarter |
| ， While transaction volumes have improved in February and March, it is still too early to call a market recovery, particularly as underlying economic fundamentals remain in a weakened state |
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| ， Residential rents fall 1.8 per cent to an average of RMB177.2 per sq.m. per month in the first quarter of 2009, down 3.1 per cent compared with the same period in 2008 |
| ， Citywide occupancy rate falls 2.5 percentage points to 76.2 per cent, down 7.1 percentage points compared with the same period in 2008 |
| ， Luxury apartment occupancy rate falls a further 3.7 percentage points to 71.8 per cent, the lowest of all sub sectors, as tenants err on the side of caution seeking less expensive accommodation |
| ， Villa market sees occupancy rates continue to fall as demand from family relocations falls. Citywide villa occupancy rate falls to 81.4 per cent, the lowest level since Q4/2001 |
| ， Luxury villas record a fall in citywide occupancy of 6.5 percentage points to 80.1 per cent |
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| ， Supply in the first quarter was only 52,000 sq.m., providing a brief chance for the market to catch up following last year's record new supply |
| ， The first quarter sees negative net absorption of 4,600 sq.m., as a number of tenants downsize or move into non-Grade 'A' space |
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Rents decline 4.8 per cent in the first quarter as demand remains weak and a large amount of vacant supply remains available
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Overall Grade 'A' vacancy rate increases to 17.2 per cent, with Pudong recording the highest vacancy at 26.8 per cent
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| ， Insurers to have investment scope expanded under a loosening of regulations due to take effect in October |
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Supply in the next few years to be fairly evenly weighted between Puxi and Pudong
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| ， Retail sales increase 15.2 per cent year-on-year in the first two months of the year |
| ， Average prime shopping mall rent falls 7.1 per cent in the first quarter |
| ， No new shopping mall projects launched in the first quarter |
| ， Landlords to adopt more fl exible leasing conditions in an attempt to attract new tenants |
| ， Retailers to focus on improving and enhancing the quality of customer services and renovating store locations in an attempt to win business |
| ， A number of children's stores opened in the first quarter of 2009 to some success as parents show few signs of cutting back expenditure on their offspring |
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