Retail Snapshot Q1 2017
|
|
- Philomena Pitts
- 5 years ago
- Views:
Transcription
1 Beijing BEIJING RETAIL Economic Indicators Q3 16 Q4 16 GDP Growth 6.7% 6.7% CPI Growth 1.2% 1.4% Retail Sales Growth 4.8% 6.5% Source: Beijing Municipal Bureau of Statistics Prime Average Retail Rents Q Significant Q Store Transactions Significant Projects Under Construction Past 12-Month Growth RMB/ EURO/ US$/ 12-Month sq m/mo sf/mo sf/mo Wangfujing 800 3, Xidan 1,000 2, CBD 800 3, Sanlitun 1,500 2, Zhongguancun 1,300 1, Exchange Rate: 1 USD = CNY = EUR as of 23 March 2017 *Average rents (RMB/sq m/mo) are based on ground floor in prime locations in major shopping centers, excluding management, promotional and other fees. Building Location Tenant Area (sq m) Beijing Yintai Center CBD COVA 120 Beijing Yintai Center CBD Classico Bellezza 30 Huaxi Hi-Up China World Trade Centre IIIB (Retail) Building China World Trade Centre IIIB (Retail) KWG Mall Wukesong CBD Location IKEA click-and-collect points LeEco Flagship Store Area (sq m) 3,000 N/A Completion Date CBD 70,000 Q Chongwenmen 40,000 Q Wangfu Central Wangfujing 50,000 Q Emperor Group Center CBD 22,000 Q Economy Retail sales in Beijing increased 6.5% y-o-y to RMB1.10 trillion in Online retail sales accounted for 18.6% of the total at RMB20.49 billion, up 20.0% y-o-y. F&B receipts grew 4% y-o-y to RMB91.8 billion for the year, and accounted for an 8.3% share of retail sales. Market Overview In Q1 2017, Beijing s asking retail rents on average saw a steady increase in five core submarkets. With no new projects entering the market over the quarter, retail stock remained at million sq m. Notable store openings included dessert shop LVMH, COVA Patisserie and a LeEco Flagship Store. Elsewhere, IKEA opened its second click-and-collect points store in China on March 23 rd. Since the market entered a downturn in 2013, the F&B industry in Beijing has been active upgrading and transforming itself to adapt to a changing market. Since 2015, the market share for high-end restaurants has declined while popular take-out options and online food ordering have became more popular. With F&B a key way to drive footfall traffic to shopping centers, The Place has completed a series of upgrades of food brands on its B1 floor. Meanwhile, the luxury market has rebounded after a three-year slide due to China s anti-corruption campaign. Mainland China retail sales of Hugo Boss and Salvatore Ferragamo, for example, jumped 20% y- o-y and 13% y-o-y in Q4, respectively. Consumers have been less keen to buy goods from overseas merchants because of a depreciating yuan and disadvantages of using overseas purchasing agents. The price gap between Chinese and overseas markets has narrowed as luxury brands have tended to harmonize prices globally. A growing trend in Beijing s retail market has been the proliferation of neighborhood shopping centers serving local residents. Retail projects have been expanding to the city s suburban areas due to limited availability of land in core submarkets. Approximately 1.22 million sq m of new retail supply over the next two years is expected to be received in Fengtai, Tongzhou, Daxing and Yizhuang districts, accounting for 72% of total new supply in the city over the period. Neighborhood shopping centers are expected to continue to grow in popularity thanks to improvements in rail transit and the government s aim to disperse non-capital functions. cushmanwakefield.com
2 Beijing Contacts Sean Wang Vice President, Greater China,, North China Tel: Duke Zhen Head of Retail Services, China Tel: James Shepherd Research, Greater China Tel: Sabrina Wei Senior Associate Director Head of North China Research Tel: About Cushman & Wakefield Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop and live. The firm s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. In Greater China, the firm has a co-branded presence under the name of Cushman & Wakefield and operates 20 offices in the region. Cushman & Wakefield is among the largest commercial real estate services firms with revenues of $5 billion across core services of agency leasing, asset services, capital markets, facility services, global occupier services, investment & asset management, project management, tenant representation and valuation & advisory. To learn more, please visit Disclaimer This report has been produced by Cushman & Wakefield for use by those with an interest in commercial property solely for information purposes. It is not intended to be a complete description of the markets or developments to which it refers. The report uses information obtained from public sources which Cushman & Wakefield believe to be reliable, but we have not verified such information and cannot guarantee that it is accurate and complete. No warranty or representation, express or implied, is made as to the accuracy or completeness of any of the information contained herein and Cushman & Wakefield shall not be liable to any reader of this report or any third party in any way whatsoever. Cushman & Wakefield shall not be held responsible for and shall be released and held harmless from any decision made together with any risks associated with such decision in reliance upon any expression of opinion in the report. Our prior written consent is required before this report can be reproduced in whole or in part Cushman & Wakefield All rights reserved. cushmanwakefield.com
3 Guangzhou GUANGZHOU RETAIL Economic Indicators GDP Growth 8.1% 8.2% CPI Growth 2.6% 2.7% Retail Sales Growth 8.6% 9.0% Source: Guangzhou Municipal Bureau of Statistics Prime Average Retail Rents Q Significant Q Store Openings Significant Projects Under Construction Q3 16 Q4 16 Past 12-Month Growth Exchange Rate: 1 USD = CNY = EUR as at 23 March 2017 *Average rents (RMB/sq m/mo) are based on the ground floor in major shopping centers, excluding management fee, promotional fee and other fees. Building Location Tenant Area (sq m) Capitamall Sky+ Baiyun Taste 3,500 Parc Central Tianhe Sports Center A&F 700 GT Land Plaza Winter Mall Zhujiang New Town Maria Luisa 350 Happy Valley Zhujiang New Town Putien 300 Building RMB* EUR US$ 12-Month sq m/mo sf/mo sf/mo Tianhe Sports Center 1, Zhujiang New Town Yuexiu 1, Haizhu Liwan Baiyun Guangzhou Location Area (sq m) Completion Date K11 Zhujiang New Town 60, Baiyun Hui Baiyun 100, Element 6 Haizhu 80, Way World Tianhe Coach Terminal 40, Economy Retail sales in Guangzhou increased 9.0% y-o-y to RMB870.6 billion in The city continued to lead all Tier-1 cities in terms of sales performance. The quarter saw retailers leverage several public holidays to launch discounts and promotions to boost sales. Market Overview * Delivery of Wansheng Plaza in Q1 raised prime retail stock to 2.29 million sq m. Rent averaged RMB810.4 for the quarter with stable performance compared to Q4. The vacancy rate across the city s core retail hubs edged up to 7.7% in Q1 on new supply and ongoing adjustment in some existing malls. A number of malls continued to fine tune their tenant mix and carry out upgrades to adapt to market changes. For example, GT Land Plaza Spring Mall, which witnessed the close of the 15,000 sq m GBF Department Store in Q1, is in the process of tenant mix adjustment, targeting established retailers, popular F&B outlets and experimental elements. GT Land Plaza Winter Mall has established a clear positioning by introducing more niche brands, designer labels and entry lux brands. China Resources Group announced plans to open a new 3,000 sq m high-end Ole supermarket in igc Mall within the year. Elsewhere, notable openings included Abercrombie & Fitch s first store in Guangzhou as well as French cosmetics brand Sisley, both at Parc Central. La Perle welcomed the entry of UK luxury accessories retailer Jimmy Choo, yet contended with the close of Gucci. Amall introduced a Uniqlo shop, while Park n Shop s high-end brand, Taste, opened a 3,500 sq m store in Capitamall Sky+. Efforts by malls to differentiate their property through tenant adjustments, upgrades and marketing activity have successfully increased footfall, as well as commercial value. For example, Tai Koo Hui achieved 10% y-o-y sales growth in 2016, remaining in positive territory for 20 consecutive quarters. A tenant mix adjustment at IFC Mall helped attract more customers, increase rent and grow retail sales. Ahead, the market is set to receive more than 280,000 sq m of new retail supply in Amid fierce market competition and an economic slowdown, it is anticipated that the overall vacancy rate will rise slightly in the short term while rent growth will experience downward pressure. * Beginning in 2017, Cushman & Wakefield has expanded coverage of Guangzhou s prime retail area to cover Tianhe Sports Center, Zhujiang New Town, Yuexiu, Haizhu, Liwan and Baiyun.
4 Guangzhou Contact Kelvin Li, Central China General Manager, Guangzhou & Zhengzhou Tel: Duke Zhen Director General Manager of Retail Services, China Tel: James Shepherd Research, Greater China Tel: Gracie Miao Senior Analyst Research, Central China Tel: About Cushman & Wakefield Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop and live. The firm s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. In Greater China, the firm has a co-branded presence under the name of Cushman & Wakefield and operates 20 offices in the region. Cushman & Wakefield is among the largest commercial real estate services firms with revenues of $5 billion across core services of agency leasing, asset services, capital markets, facility services, global occupier services, investment & asset management, project management, tenant representation and valuation & advisory. To learn more, please visit Disclaimer This report has been produced by Cushman & Wakefield for use by those with an interest in commercial property solely for information purposes. It is not intended to be a complete description of the markets or developments to which it refers. The report uses information obtained from public sources which Cushman & Wakefield believe to be reliable, but we have not verified such information and cannot guarantee that it is accurate and complete. No warranty or representation, express or implied, is made as to the accuracy or completeness of any of the information contained herein and Cushman & Wakefield shall not be liable to any reader of this report or any third party in any way whatsoever. Cushman & Wakefield shall not be held responsible for and shall be released and held harmless from any decision made together with any risks associated with such decision in reliance upon any expression of opinion in the report. Our prior written consent is required before this report can be reproduced in whole or in part Cushman & Wakefield All rights reserved.
5 Shanghai SHANGHAI RETAIL Economic Indicators Q3 16 Q4 16 GDP Growth 6.7% 6.8% CPI Growth 3.2% 3.2% Total Retail Sales Growth 7.9% 8.0% Source: Statistics Bureau for Shanghai Prime Average Retail Rents Q Past 12- Month Growth Economy Shanghai s GDP reached RMB2.75 trillion in 2016, up 6.8% y-o-y. The city s retail sales picked up 8.0% y-o-y to total RMB1.09 trillion for the year. Market Overview There was no new prime retail supply delivered in Q1. Stock remained around 2.4 million sq m in the city s core areas. Average first floor asking rentals in core areas increased 0.8% q-o-q to RMB1,925 per sq m per month at the end of Q1. The occupancy rate remained around 95% at the end of the quarter. RMB* EURO US$ Q-O-Q 12-Month sq m/mo sf/mo sf/mo Change Nanjing East Rd 1, % Nanjing West Rd 2, % Huaihai Middle Rd 1, % Xujiahui 2, % Lujiazui 1, % Note: 1 USD = RMB = EUR as of 23 December 2016 * Rent equals First floor asking rent Significant Q Store Openings Building Location Tenant Area Lippo Plaza Huaihai Middle Rd Victoria s Secret 1,500 sq m N/A Huaihai Middle Rd Kuma Café N/A Raffles City Nanjing East Rd Heekcaa N/A Plaza 66 Nanjing West Rd Moncler N/A Plaza 66 Nanjing West Rd Brunello Cucinelli N/A Significant Projects Under Construction Building Location Area Completion Date There were several notable store openings in Q1. In March, Victoria s Secret launched its first full-range store in China at Lippo Plaza, taking up 1,500 sq m over four levels. Elsewhere, beverage brand Heekcaa opened its first Shanghai shop in the first floor of Raffles City, leveraging a large social media presence to bring in customers. Kuma Café, which opened a new shop along bustling Huaihai Road, is utilizing a similar strategy. Meanwhile, mall owners and operators increasingly turned to building improvements to attract customers. Plaza 66, which has been under renovation since 2016, opened the B1 level with new tenants Moncler and Brunello Cucinelli. In Xujiahui, Grand Gateway 66 will be refurbished this year. Significant upgrades have been underway in the Huaihai Middle Road submarket. Last year, new tenants included Line Café, Gentle Monster and 8 Seconds. Late in 2016, Junior Department Store and Pacific Department Store both closed for refurbishment, with works already begun on the latter. Core areas of Shanghai remain attractive thanks to their location and quality retail projects, helping to keep rental growth robust looking ahead. On the other hand, decentralization is becoming a growing trend. This year, a total of 2 million sq m of prime retail supply is scheduled to launch in non-core areas compared to around 420,000 sq m of new supply expected in the city s five prime retail submarkets. HKRI Taikoo Hui Nanjing West Rd 100,000 sq m 2017 Gala Bay Lujiazui 138,000 sq m 2017 Century Link Lujiazui 140,000 sq m
6 Shanghai Contact Mimie Lau, East China Tel: Keith Law Director, Retail Services, East China Tel: James Shepherd, Research, Greater China Tel: Shaun Brodie Head of Occupier Research, Greater China Tel: About Cushman & Wakefield Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop and live. The firm s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. In Greater China, the firm has a co-branded presence under the name of Cushman & Wakefield and operates 20 offices in the region. Cushman & Wakefield is among the largest commercial real estate services firms with revenues of $5 billion across core services of agency leasing, asset services, capital markets, facility services, global occupier services, investment & asset management, project management, tenant representation and valuation & advisory. To learn more, please visit Disclaimer This report has been produced by Cushman & Wakefield for use by those with an interest in commercial property solely for information purposes. It is not intended to be a complete description of the markets or developments to which it refers. The report uses information obtained from public sources which Cushman & Wakefield believe to be reliable, but we have not verified such information and cannot guarantee that it is accurate and complete. No warranty or representation, express or implied, is made as to the accuracy or completeness of any of the information contained herein and Cushman & Wakefield shall not be liable to any reader of this report or any third party in any way whatsoever. Cushman & Wakefield shall not be held responsible for and shall be released and held harmless from any decision made together with any risks associated with such decision in reliance upon any expression of opinion in the report. Our prior written consent is required before this report can be reproduced in whole or in part Cushman & Wakefield All rights reserved.
7 Shenzhen SHENZHEN RETAIL Economic Indicators Prime Average Retail Rents Q Significant Q Store Openings Q3 16 Q4 16 GDP Growth 8.7% 9.0% CPI Growth 2.4% 2.4% Total Retail Sales Growth 8.1% 8.1% Source: Statistics Bureau for Shenzhen Significant Projects Under Construction Past 12- Month Growth RMB* EURO US$ Q-o-Q 12-Month sq m/mo sf/mo sf/mo Change Luohu 1, % Futian % Nanshan % Longgang % Bao an % Note: 1 USD = RMB = EUR as of 23 March 2017 * Average rents (RMB/sq m/mo) are based on ground floor in prime locations in major shopping centers, excluding management fee, promotional fee and other fees. Building Location Tenant Area Rainbow Department Store Futian Sp@ce 3,000 sq m Century Place Futian Sundan 2,100 sq m Building Location Area Completion Date Q City Bao an 120, Shenzhen Unitown Longhua 180, Economy Shenzhen s total retail sales of consumer goods increased 8.1% y-oy to RMB551.3 billion in 2016, up 6.1 percentage points from the previous year. A stable consumer base has supported the city s retail market and related real estate. Market Overview In Q1, retail rent for Shenzhen increased 1.6% q-o-q to average RMB927.0 per sq m per month. Solid property management, coupled with high footfall traffic, has helped to keep rent levels stable on the whole among the city s retail hubs. By submarket, Bao an led the way with 5.2% q-o-q average rent growth following tenant mix adjustments. Average rent increased 2.8% q-o-q in Futian, followed by 1.0% q-o-q growth in Luohu. Rent levels in Nanshan and Longgang were flat for the quarter. Shopping malls in Shenzhen have been actively shifting their brand mix and performing upgrades to cope with an increasingly competitive market and changing consuming needs. Besides offering more commonplace retail elements like skating rinks and gyms, malls are introducing other experiences like badminton, table tennis, bowling, fencing, rock climbing, archery and boxing. Despite fierce competition, movie theaters continued to expand in both core and suburban areas. Elsewhere, online domestic retailers increasingly have opened new concept stores and flagships in shopping malls. These stores are used for promotional purposes, to offer higher quality products and to provide a better customer experience amid declining satisfaction with online shopping portals and electronics malls. To attract mall customers, F&B stores have grown more focused on food trends and providing delicacy, health and specialty items. Shenzhen is expected to add 10 shopping malls, at a total of 1.42 million sq m, in Around 60% of the new supply will be delivered in non-core submarkets to leverage rapidly rising consumption patterns there. Core submarkets should remain attractive for retailers. One Avenue Futian 150, MixC Qianhai Nanshan 80, cushmanwakefield.com
8 Shenzhen Contact Cheng Jia-long South & West China Tel: Duke Zhen Director General Manager of Retail Services, China Tel: James Shepherd Research, Greater China Tel: Zhang Xiao-duan Director Head of South & West China Research Tel: About Cushman & Wakefield Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop and live. The firm s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. In Greater China, the firm has a co-branded presence under the name of Cushman & Wakefield and operates 20 offices in the region. Cushman & Wakefield is among the largest commercial real estate services firms with revenues of $5 billion across core services of agency leasing, asset services, capital markets, facility services, global occupier services, investment & asset management, project management, tenant representation and valuation & advisory. To learn more, please visit Disclaimer This report has been produced by Cushman & Wakefield for use by those with an interest in commercial property solely for information purposes. It is not intended to be a complete description of the markets or developments to which it refers. The report uses information obtained from public sources which Cushman & Wakefield believe to be reliable, but we have not verified such information and cannot guarantee that it is accurate and complete. No warranty or representation, express or implied, is made as to the accuracy or completeness of any of the information contained herein and Cushman & Wakefield shall not be liable to any reader of this report or any third party in any way whatsoever. Cushman & Wakefield shall not be held responsible for and shall be released and held harmless from any decision made together with any risks associated with such decision in reliance upon any expression of opinion in the report. Our prior written consent is required before this report can be reproduced in whole or in part Cushman & Wakefield All rights reserved. cushmanwakefield.com
9 Hong Kong HONG KONG RETAIL Economic Indicators High Street Average Rents Q Vacancy in High Street Significant Q Store Openings Q3 16 Q4 16 GDP Growth 2.0% 3.1% CPI Growth 2.7% 1.2% Private Consumption Growth 1.2% 3.2%* Unemployment Rate 3.3% 3.3% Source: Census and Statistics Department, y-o-y changes HKD /sf/mo EUR /sf/mo US$ /sf/mo Q-O-Q Causeway Bay $1, US$ % Tsim Sha Tsui $1, US$ % Central $ US$ % Mongkok $ US$ % Note: US$/HK$ = 7.767; /HK$ = as at 23 March 2016 Q4 16 Q Month 12-Month No. of Vacant Shops Q4 16 Causeway Bay 0.0% 2.6% 1 Tsim Sha Tsui 2.4% 2.4% 2 Central 4.3% 5.7% 4 Mongkok 9.4% 15.1% 8 Location Shop on G/F, 28 Russell Street, Causeway Bay Shop A on G/F, Imperial Building, Canton Road, Tsim Sha Tsui Trade * preliminary figure Area (Saleable) Unit Rental Cosmetics 360 sf HK$2,222 Accessories 732 sf HK$1,844 Economy Hong Kong s GDP increased 3.1% y-o-y in Q4, resulting in 1.9% y-oy growth for The economic pick up was also witnessed in consumption, with preliminary figures for the quarter showing growth of 3.2% y-o-y. Recent retail sales and tourist arrival data also point to some stabilization in Hong Kong s retail market. As of the end of January, tourist arrivals have posted two consecutive months of gains y-o-y, following steep declines for much of the past two years. Retail sales, while still down in January by 0.9% y-o-y, were much improved over the double-digit declines seen in the first half of Market Overview While rentals across the city s four major shopping areas edged down an average of 2.0% q-o-q, there were signs that the market is at last stabilizing. Notably, rentals remained level in two of the city s core shopping areas of Causeway Bay and Mongkok in Q1. The mass retail sector was the most active in the quarter with brandname cosmetics, fashion accessories and sportswear retailers a major source of take-up. Among them, Under Armour leased a new storefront in Kwun Tong. F&B establishments also remained active, with continuing interest in this sector being seen from PRC chains as mainland hotpot restaurant Haidilao opened its first branch in Hong Kong in Q1, in Yau Ma Tei. Meanwhile, the luxury and jewelry sectors remained under pressure, although some brands began to take advantage of lower rent to open new stores. In a recent example, Elegant Watch and Jewellery leased 5,000 sf in Henry House in Causeway Bay as a new flagship at a 40% discount from the previous lease. Vacancy levels, while up slightly, remained relatively low in most retail areas in Q1. The one exception was Mongkok, where the vacancy rate increased 5.7 percentage points q-o-q to 15.1%. This was, in part, the result of strategies by some landlords to offer shortterm leases during the festive months to seasonal retailers, which have now expired. Improving market sentiment is expected to continue to lend stability to the market with little change in rentals forecasted in coming months. Meanwhile encouraging signs in the economy should give potential occupiers confidence in taking up space in the near term. Shop on G/F & 1/F, Argyle Street, Mongkok Fashion 1,873 sf HK$534 Kevin Lam Executive Director Head of Business Space, Hong Kong 16/F, Jardine House, Central, Hong Kong Tel: kevin.yw.lam@dtzcushwake.com James Shepherd Research, Greater China 1366 Nanjing West Road, Shanghai Tel: james.shepherd@dtzcushwake.com Reed Hatcher Director Head of Research, Hong Kong 16/F, Jardine House, Central, Hong Kong Tel: reed.hatcher@cushwake.com
10 Hong Kong About Cushman & Wakefield Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop and live. The firm s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. In Greater China, the firm has a co-branded presence under the name of Cushman & Wakefield and operates 20 offices in the region. Cushman & Wakefield is among the largest commercial real estate services firms with revenues of $5 billion across core services of agency leasing, asset services, capital markets, facility services, global occupier services, investment & asset management, project management, tenant representation and valuation & advisory. To learn more, please visit Disclaimer This report has been produced by Cushman & Wakefield for use by those with an interest in commercial property solely for information purposes. It is not intended to be a complete description of the markets or developments to which it refers. The report uses information obtained from public sources which Cushman & Wakefield believe to be reliable, but we have not verified such information and cannot guarantee that it is accurate and complete. No warranty or representation, express or implied, is made as to the accuracy or completeness of any of the information contained herein and Cushman & Wakefield shall not be liable to any reader of this report or any third party in any way whatsoever. Cushman & Wakefield shall not be held responsible for and shall be released and held harmless from any decision made together with any risks associated with such decision in reliance upon any expression of opinion in the report. Our prior written consent is required before this report can be reproduced in whole or in part Cushman & Wakefield All rights reserved.
11 Taiwan TAIWAN RETAIL Economic Indicators Q3 16 Q4 16 GDP Growth 2.1% 2.9% CPI Growth 0.7% 1.8% Past 12- Month Growth Economy Retail sales increased 4.7% y-o-y to NT$1,204.7 billion (US$39.52 billion) in Supermarket sales led the way by category at a 9.3% y-o-y pickup, followed by convenience stores and retail warehouses at 4.7% and 4.6% y-o-y, respectively. Department store sales increased 4.5% y-o-y with the help of annual sales promotions. Source: Directorate-General of Budget, Accounting and Statistics Sales of General Merchandise Sales of General Merchandise (NT$bn) Prime Average Retail Rents Q Note: Only street front shops are taken into account. All data are based on gross floor area unless otherwise specified. Rentals are exclusive of management fees and other outgoings. 1 ping = sq ft = 3.3 sq m Note: NT$/US$ ; NT$/ = as at 23 March 2017 Significant Q Store Openings Retail hub Location Tenant Significant Projects Under Construction Area (ping) Ximen Emei St. Momentum Zhongxiao Zhongxiao Vacancy Rental Range Rental Range 12-Month Rate (NT$/ping/mo) (US$/sq ft/mo) Zhongxiao 5.1% 15,000 20, Taipei Railway Station Zhongshan/ Nanjing 5.8% 9,000 13, % 8,000 13, Ximen 2.6% 15,000 20, Sec 4, Zhongxiao E. Rd. Sec 4, Zhongxiao E. Rd. Project Name District Opening Date Jan Dec 2015 Jan Dec , ,204.7 Jan 2016 Jan 2017 Sales of General Merchandise (NT$bn) Source: Department of Statistics, Ministry of Economic Affairs 6xity8ight Meet Fresh GFA (ping) Market Overview Vacancy rates tended to rise across Taipei s retail hubs in Q1 as shop spaces opened up pending the move-in by new tenants, increasing 1.0 and 1.5 percentage points q-o-q in Zhongxiao and Ximen, respectively. Zhongxiao added sizable occupiers such as French lingerie brand 6ixty8ight and Starbucks. On the other hand, the rent is relatively lower in alleys and has attracted some clothing shops and cafés. Meanwhile, renovation of the LV flagship on Zhongshan N. Rd. was completed and the store reopened in Q1. As sports fashion brands expand their offerings beyond running apparel to ball sports, Taipei s first Nike & Jordan Basketball Experience Store opened in Ximen. The concept store combines retail elements with activities, classic collections displays and customized services. The store is an indication of the extent to which international sports brands are aggressively working to reach consumers in the Taiwan market. Elsewhere, department stores increasingly are opening earlier in the day to sell takeout breakfast targeting office workers in business districts and aiming to boost turnover. These include SOGO s Zhongxiao and Dunhua locations at high-traffic transport interchanges, as well as Breeze at MRT stations Nanjing, Xinyi and Taipei. Another example saw the Uni-President Taipei, which enjoys a connection to a MRT station, offer such casual breakfast stops as Sarabeth s, Tim Ho Wan and TGI Fridays. Ahead, fast fashion brands appear to be growing out of favor with department stores, which had successfully wooed a flood of international brands in recent years with large retail spaces, lengthy leases and other incentives. But as fast fashion brands increasingly develop their online shopping business to shrink their traditional footprint and lower operational costs, department stores are considering adjustments to their leasing strategy for such brands. ATT 4 FUN Zhongshan Dist., Taipei City Q cushmanwakefield.com
12 Taiwan Contact Billy Yen Head of Taiwan Tel: billy.pl.yen@cushwake.com Wendy Hsueh Director Head of Consulting and Research Taiwan Tel: wendy.hj.hsueh@cushwake.com James Shepherd Research, Greater China Tel: james.shepherd@cushwake.com Charlie Yang Director Head of Valuation & Advisory Services Taiwan Tel: charlie.ct.yang@cushwake.com Jessie Lee Associate Director Head of Agency Department Taiwan Tel: jessie.cc.lee@cushwake.com About Cushman & Wakefield Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop and live. The firm s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. In Greater China, the firm has a co-branded presence under the name of Cushman & Wakefield and operates 20 offices in the region. Cushman & Wakefield is among the largest commercial real estate services firms with revenues of $5 billion across core services of agency leasing, asset services, capital markets, facility services, global occupier services, investment & asset management, project management, tenant representation and valuation & advisory. To learn more, please visit Disclaimer This report has been produced by Cushman & Wakefield for use by those with an interest in commercial property solely for information purposes. It is not intended to be a complete description of the markets or developments to which it refers. The report uses information obtained from public sources which Cushman & Wakefield believe to be reliable, but we have not verified such information and cannot guarantee that it is accurate and complete. No warranty or representation, express or implied, is made as to the accuracy or completeness of any of the information contained herein and Cushman & Wakefield shall not be liable to any reader of this report or any third party in any way whatsoever. Cushman & Wakefield shall not be held responsible for and shall be released and held harmless from any decision made together with any risks associated with such decision in reliance upon any expression of opinion in the report. Our prior written consent is required before this report can be reproduced in whole or in part Cushman & Wakefield All rights reserved. cushmanwakefield.com
Office Snapshot Q1 2017
Lettable Office Area ( 000 sq m) Rent (RMB/sq m/mo) Vacancy Rate (%) Beijing BEIJING OFFICE Economic Indicators Grade A CBD Market Indicators Q3 16 Q4 16 GDP 6.7% 6.7% Tertiary Sector 7.3% 7.1% CPI 1.2%
More informationOffice Snapshot Q4 2017
Lettable Office Area (Ping) Rent (NTD/ping/mo) Vacancy Rate (%) MARKETBEAT Office Snapshot Q4 2017 TAIPEI OFFICE Economic Indicators Grade A Indicators Grade A Rent & Vacancy Rate Q2 17 Q3 17 GDP Growth
More informationRents diverge in core and non-core areas. Figure 1. Retail rent performance diverged within the 2015F
PROPERTY INSIGHTS Hong Kong Quarter 4, 214 Rents diverge in core and non-core areas Market Overview Market Overview The overall net absorption rate 686,849 sq ft recorded in 214 was the highest reported
More informationAcquisition of Metropolitan Plaza 8 Huangsha Road Guangzhou April 2017
Acquisition of Metropolitan Plaza 8 Huangsha Road Guangzhou April 2017 Metropolitan Plaza 8 Huangsha Road Property Particulars Location 8 Huangsha Road, Liwan District, Guangzhou Opening 2012 No. of Floors
More informationBriefing Office and retail
Savills China Research Dalian Briefing Office and retail August 218 Image: Labor Park, Qingniwa Area, Zhongshan District SUMMARY A lack of new supply saw rents and occupancy rates in both the Grade A office
More informationPROPERTY INSIGHTS. Market Overview. Retail rents in core markets plunged further. Citigold Private Client. Hong Kong Quarter 3, 2015
Citigold Private Client PROPERTY INSIGHTS Hong Kong Quarter 3, 215 Retail rents in core markets plunged further Market Overview Weaker external demand amid visibly slower growth in tourist arrivals and
More informationHONG KONG MONTHLY REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET
APRIL 2018 HONG KONG MONTHLY REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET Office Decentralisation and relocation continue Residential Hong Kong prime rates remain und despite US interest rate hikes
More informationHONG KONG MONTHLY RESEARCH APRIL 2018 REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET. Office Decentralisation and relocation continue
RESEARCH APRIL 2018 HONG KONG MONTHLY REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET Office Decentralisation and relocation continue Residential Hong Kong prime rates remain und despite US interest
More informationCHINA AND HONG KONG RESIDENTIAL MARKETS. by Knight Frank and Holdways 10 December 2014
CHINA AND HONG KONG RESIDENTIAL MARKETS by Knight Frank and Holdways 10 December 2014 CHINA S ECONOMY, POLICIES AND IMPACT ON DEVELOPERS Presented by Helen Liu General Manager, Beijing Holdways Information
More informationHONG KONG MONTHLY RESEARCH JANUARY 2018 REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET
RESEARCH JANUARY 2018 HONG KONG MONTHLY REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET Office Grade-A office rents in Kowloon East to rebound this year Residential Interest-rate rise is not expected
More informationGrowing at a Slower Pace
2Q 2012 market overview research & forecast report hong kong retail market colliers international HONG KONG Growing at a Slower Pace Hong Kong s inbound tourism growth remained resilient, rising 14% YoY
More informationHong Kong Prime Office Monthly Report. September 2011 RESEARCH NON-CORE DISTRICTS LEAD THE MARKET
RESEARCH September 2011 Hong Kong Prime Office Monthly Report NON-CORE DISTRICTS LEAD THE MARKET Sentiment in the office market remained mixed over the past month. The sales market was relatively quiet,
More informationHONG KONG MONTHLY RESEARCH MARCH 2018 REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET. Office Prime site in West Kowloon under spotlight
RESEARCH MARCH 2018 HONG KONG MONTHLY REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET Office Prime site in West Kowloon under spotlight Residential Secondary residential sales saw improvement Retail
More informationHong Kong Prime Office Monthly Report. October 2011 RESEARCH NON-CORE DISTRICTS LEAD THE MARKET
RESEARCH October 2011 Hong Kong Prime Office Monthly Report NON-CORE DISTRICTS LEAD THE MARKET Business and investment activity slowed in Hong Kong over the past month, on the back of negative economic
More informationHONG KONG PRIME OFFICE Monthly Report
RESEARCH MARCH 2010 HONG KONG PRIME OFFICE Monthly Report Office market rally continues Hong Kong s economy showed further signs of recovery this past month, benefiting from a revival in regional trade,
More informationHONG KONG MONTHLY RESEARCH DECEMBER 2017 REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET
RESEARCH DECEMBER 2017 HONG KONG MONTHLY REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET 0 Office Grade-A office leasing activity more than doubled in Kowloon Residential Home prices to rise another
More informationPROPERTY INSIGHTS. Market Overview. Buoyant office take-up in CBD. Hong Kong Quarter 2, DTZ office rental index (Q =100)
PROPERTY INSIGHTS Hong Kong Quarter 2, 215 Market Overview Buoyant office take-up in CBD Demand for office space in CBD continued to be dominated by Mainland China financial institutions, however, expansion
More informationDTZ Research. Property Times Guangzhou Q Residential transactions rebound. 15 October Contents. Author. Contacts
5 6 7 8 9 2010 2011 2012 2012F 2013F 2014F 2015F 2016F Property Times Guangzhou Q3 2012 Residential transactions rebound 15 October 2012 Contents Economic Overview 2 Office 3 Retail 4 Residential 5 Definitions
More informationHONG KONG MONTHLY RESEARCH NOVEMBER 2017 REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET
RESEARCH NOVEMBER 2017 HONG KONG MONTHLY REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET Office The Center was sold at a record high price of HK$40.2 billion Residential Limited impact on residential
More informationGrade A Office Demand Moderated but Market Remained Stable
BEIJING Grade A Office Demand Moderated but Market Remained Stable Beijing s GDP grew by 6.9% YOY in Q1 2016, on par with 2015, according to the Beijing Statistics Bureau. The tertiary industry growth
More informationTotal building purchasing activity by sector (US$mn) Q Q Q Q3 2013
MARKETBEAT Investment Snapshot China 2016 17 May 2016 Contents Building transactions 2 Land transactions 3 Source of capital 5 Transactions between foreign entities 5 Outlook 5 Following a record-breaking,
More informationHONG KONG MONTHLY RESEARCH FEBRUARY 2018 REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET
RESEARCH FEBRUARY 2018 HONG KONG MONTHLY REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET Office Surrendered space by Chinese firms swiftly taken up by MNCs Residential Relocation trend witnessed in
More informationHONG KONG PRIME OFFICE Monthly Report
RESEARCH MAY 2010 HONG KONG PRIME OFFICE Monthly Report Yields set to rise Over the past month, Hong Kong s office sales market started to consolidate, following a strong period of recovery that started
More informationASIA PACIFIC OFFICE OVERVIEW April - June 2017
ASIA PACIFIC OFFICE OVERVIEW April - June A CUSHMAN & WAKEFIELD QUARTERLY RESEARCH PUBLICATION INSIGHTS INTO ACTION ASIA PACIFIC OFFICE OVERVIEW OCCUPIER CONDITIONS INDIA Delhi-NCR GREATER CHINA Chongqing
More informationChongqing Office and Retail Market Overview Q4 2017
Chongqing Office and Retail Market Overview Q4 2017 Macro Overview 2 Chongqing Economic Overview Economic Indicators Chongqing Xiamen Chengdu Shenzhen Population (ten thousand, 2016) 3,048 392 1,466 1,191
More informationHONG KONG MONTHLY RESEARCH MAY 2018 REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET. Office More consolidation activity in Kowloon East
RESEARCH MAY 2018 HONG KONG MONTHLY REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET Office More consolidation activity in Kowloon East Residential Housing supply shortage will remain in the short
More informationConstruction Investment Cools In Lead Up To General Election
Phnom Penh, Q2 218 Construction Investment Cools In Lead Up To General Election Average High-end Condominium Price $3,211/SQM Prime Condominium Rent $14.3/SQM Prime Office Rent $25.5/SQM Prime Retail Mall
More informationHONG KONG MONTHLY RESEARCH FEBRUARY 2016 REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET
RESEARCH FEBRUARY 2016 HONG KONG MONTHLY REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET Office Economic uncertainties to affect demand sustainability Residential Home sales hit 25-year low following
More informationBriefing Office and retail August 2017
Savills World Research Dalian Briefing Office and retail August 217 SUMMARY Image: Qingniwa Area, Zhongshan District The Grade A office market experienced declines across the board, with both rental and
More informationHong Kong Office MarketView
Core Fringe Core Midtown Decentralised Core Fringe Core Kowloon East Decentralised Hong Kong Office MarketView Q2 2013 Global Research and Consulting OVERALL HONG KONG Rents +0.3% q-o-q CENTRAL Rents -0.2%
More informationIndianapolis MARKETBEAT. Office Q Economy. Market Overview INDIANAPOLIS OFFICE
INDIANAPOLIS OFFICE Economic Indicators Market Indicators (Direct, All Classes) Direct Net Absorption/Direct Asking Rent 4-QTR TRAILING AVERAGE Direct Vacancy Q3 17 Q3 18 MSA Employment 1.05M 1.07M MSA
More informationHONG KONG MONTHLY RESEARCH OCTOBER 2015 REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET. Office Grade-A office vacancy rates even lower
RESEARCH OCTOBER 2015 HONG KONG MONTHLY REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET Office Grade-A office vacancy rates even lower Residential Primary home sales surge but secondary decline Retail
More informationCHICAGO CBD OFFICE INVESTMENT PROPERTIES GROUP
CHICAGO CBD OFFICE INVESTMENT PROPERTIES GROUP SECOND QUARTER NEWSLETTER 216 HOT TOPICS Capital markets remain a focus with 14 assets either under contract or sold totaling $2.6 billion, which includes
More informationHong Kong Prime Office Monthly Report. August 2011 RESEARCH LEASING ACTIVITY ROBUST DESPITE VOLITILITY
RESEARCH August 2011 Hong Kong Prime Office Monthly Report LEASING ACTIVITY ROBUST DESPITE VOLITILITY Sentiment in the office sales market weakened over the past month. The slowdown was triggered by a
More informationHONG KONG MONTHLY RESEARCH DECEMBER 2016 REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET
RESEARCH DECEMBER 2016 HONG KONG MONTHLY REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET Office Abundant supply in Kowloon should suppress rental growth Residential Large-scale deals concluded despite
More informationProperty Investment. International Commerce Centre, Kowloon Station 38 SUN HUNG KAI PROPERTIES LIMITED
Property Investment International Commerce Centre, Kowloon Station 38 SUN HUNG KAI PROPERTIES LIMITED With over six million square feet of investment property under development in Hong Kong and other projects
More informationHONG KONG MONTHLY RESEARCH JUN 2017 REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET
RESEARCH JUN 2017 HONG KONG MONTHLY REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET Office Major commercial land sales to set new price benchmarks Residential Home prices to rise 5-10% over 2017 despite
More informationPrime Views MAY 2017 SINGAPORE
Prime Views MAY 17 SINGAPORE SINGAPOREOffice Market 12 The CBD comprises of the following submarkets: Marina Bay, Raffles Place, Shenton Way/Tanjong Pagar, City Hall/Marina Centre, Orchard and Bugis. Marina
More informationHong Kong Office MarketView
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Hong Kong Office MarketView Q1 2013 Global Research and Consulting OVERALL
More information008 The Wharf (Holdings) Limited
008 The Wharf (Holdings) Limited Annual Report 2007 The largest shoppertainment destination in town with a 27% year-on-year growth in average sales per square foot. A record high sales per square foot
More informationHONG KONG PRIME OFFICE Monthly Report
RESEARCH April 2010 HONG KONG PRIME OFFICE Monthly Report Corporate sector eager to expand Hong Kong s office sales market continued to be active this past month. About 240 sales transactions were recorded
More informationYing Li International Real Estate Limited 1Q2015 Financial Results 15 May 2015
New Beijing Centre. Tongzhou Beijing Artist s Impression Ying Li International Real Estate Limited 1Q2015 Financial Results 15 May 2015 Ying Li International Financial Centre, Chonqging Disclaimer This
More informationHONG KONG MONTHLY RESEARCH NOVEMBER 2016 REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET
RESEARCH NOVEMBER 2016 HONG KONG MONTHLY REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET Office Mega en-bloc office sales transaction recorded in Kowloon Residential Prices to remain stable despite
More informationTaipei Property Market Snapshot 1Q12
May Report 2012 Title - 6 August 2010 Taipei Property Market Snapshot 1Q12 Given the increases in oil and electricity costs, Taiwan s CPI is expected to rise and grew at a moderate 1.21% y-o-y in March
More informationSUN HUNG KAI PROPERTIES LIMITED ANNUAL REPORT 2001/02
38 39 PROPERTY INVESTMENT The Group maintains an optimal tenant mix in its investment property portfolio, and strives to raise the standard of customer and tenant service. Aiming to be the landlord of
More informationResidential Commentary Sydney Apartment Market
Residential Commentary Sydney Apartment Market April 2017 Executive Summary Sydney Apartment Market: Key Indicators 14,200 units are currently under construction in Inner Sydney with completion expected
More informationProperty Investment. 1. Two IFC, Central 2. International Commerce Centre, Kowloon Station 3. East Point City, Tseung Kwan O 4.
Property Investment The local retail sector has flourished and the Group s shopping centres keep attracting more visitors, benefiting retail tenants with higher traffic and turnover. The Group will keep
More informationFY2016 Annual Results
FY2016 Annual Results 8 September 2016 1 Contents Annual Results Highlights Business Overview A) Property Business Hong Kong Land Bank Property Development Property Investment B) Property Business Mainland
More informationiproperty Hong Kong proudly announces partnership with Shenzhen Zunhao, Guangzhou Daily and China Post
iproperty Hong Kong proudly announces partnership with Shenzhen Zunhao, Guangzhou Daily and China Post Powerful Media Network and Innovative Marketing Solutions Facilitate Developers Step into China Market
More informationHong Kong Office MarketView
Hong Kong Office MarketView Q3 2013 Global Research and Consulting OVERALL HONG KONG Rents -0.3% q-o-q CENTRAL Rents -0.2% q-o-q HONG KONG ISLAND Rents -0.3% q-o-q KOWLOON Rents -0.4% q-o-q SOFTER DEMAND
More informationFY2013 Annual Results. 26 September New World One Step Forward We Create New Living Experience
FY2013 Annual Results 26 September 2013 New World One Step Forward We Create New Living Experience Disclaimer IMPORTANT NOTICE The information contained in these materials is intended for reference and
More informationHONG KONG MONTHLY RESEARCH NOVEMBER 2015 REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET
RESEARCH NOVEMBER 2015 HONG KONG MONTHLY REVIEW AND COMMENTARY ON HONG KONG'S PROPERTY MARKET Office Abundant availability to emerge in Kowloon next year Residential Home sales hit 19-month low with slower
More informationMISCELLANEOUS http://info.sgx.com/webcorannc.nsf/vwprint/5a360f118384253a482570830013800d?op... Page 1 of 1 9/21/2005 Print this page Miscellaneous * Asterisks denote mandatory information Name of Announcer
More informationBriefing Office sector February 2018
Savills World Research Shanghai Briefing Office sector February 2018 SUMMARY Image: Shanghai Huadian Tower, Pudong 2017 proved a turning point for the Shanghai office market, with further 2018 supply expected
More informationKeppel Land in China. May 2006
1 Keppel Land in China May 2006 Presentation Outline Introduction Market Update City Updates Shanghai Tianjin Beijing Wuxi Chengdu Residential Township Development 2 3 Introduction KLL s Steps in China
More informationHONG KONG PRIME OFFICE Monthly Report
RESEARCH February 2011 HONG KONG PRIME OFFICE Monthly Report RENTS TO SURPASS 2008 PEAKS BY YEAR-END Players in Hong Kong's office leasing market started the game of 'musical chairs' again at the beginning
More informationFantasia Holdings Group Announces 2010 Interim Results
Fantasia Holdings Group Announces 2010 Interim Results Urban complexes fuel sales growth Total revenue and net profit increase 42.8% and 74.5% respectively In the first half of 2010, total sales and net
More informationBriefing Office and retail February 2018
Savills World Research Dalian Briefing Office and retail February 218 SUMMARY Image: Pavilion, Qingniwa Area, Zhongshan District The prolonged economic downturn continues to see the office market face
More informationOffice Continues Stable Growth, Meanwhile. High-End Residential Market Starts To Cool
MARKETVIEW Phnom Penh, Q1 218 Office Continues Stable Growth, Meanwhile High-End Residential Market Starts To Cool Average High-end Condominium Price $3,147/SQM Prime Condominium Rent $15./SQM Prime Office
More informationColumbus MARKETBEAT. Office Q2 2017
COLUMBUS OFFICE Economic Indicators Market Indicators Q2 16 Q2 17 Unemployment 4.0% 3.9% Ohio Unemployment 5.0% 5.0% U.S. Unemployment 4.9% 4.4% Q2 16 Q2 17 Overall Vacancy 13.3% 13.4% 212K -80K Construction
More informationGross Rental Income* Gross Rental Income* by Sector
Property Investment The Group strives to generate better returns from its rental portfolio by continually monitoring the needs of its valued tenants closely. It will keep upgrading its investment portfolio
More informationInterim Results - FY2015. Sun Hung Kai Properties Limited
Interim Results - FY2015 27 February 2015 1 Disclaimer The information contained in these materials is intended for reference and general information purposes only. Neither the information nor any opinion
More informationHas The Office Market Reached A Peak? Vacancy. Rental Rate. Net Absorption. Construction. *Projected $3.65 $3.50 $3.35 $3.20 $3.05 $2.90 $2.
Research & Forecast Report OAKLAND METROPOLITAN AREA OFFICE Q1 Has The Office Market Reached A Peak? > > Vacancy remained low at 5. > > Net Absorption was positive 8,399 in the first quarter > > Gross
More informationThe Artisanal NEW WORLD. FY2017 Interim Results
The Artisanal NEW WORLD FY2017 Interim Results DISCLAIMER 2 DISCLAIMER- IMPORTANT NOTICE The information contained in these materials is intended for reference and general information purposes only. Neither
More informationFY2016 Interim Results
FY2016 Interim Results 26 February 2016 1 Contents Interim Results Highlights Business Overview A) Property Business Hong Kong Land Bank Property Development Property Investment B) Property Business Mainland
More informationMARKET INSIGHT LOUISVILLE, KENTUCKY MULTIFAMILY REPORT THIRD QUARTER 2017
CUSHMAN & WAKEFIELD COMMERCIAL KENTUCKY LOUISVILLE MULTIFAMILY RESEARCH MARKET INSIGHT MULTIFAMILY REPORT THIRD QUARTER 217 The Cushman & Wakefield Commercial Kentucky Multifamily Research Team provides
More informationand 66 Jardine s Bazaar, will greatly improve the Group s gearing. Financial Information
Company Research Report Company Research Report Date Industry 2011/06/30 Property Closing Price Target Price HK$1.76 HK$3.00 Share Information Outstanding Shares (bn) 3.67 Market Cap (HK$bn) 6.45 6-mth
More informationQuarterly Market Briefing Viet Nam Q3/2017
Savills Research - Subscription form Savills Market Research Vietnam Quarterly Market Briefing Viet Nam Q3/217 Macro Indicators 9M/217 Value YoY Growth Rate GDP growth rate () 6.4 +.4 ppt Retail sales
More informationConstruction investment cools down but markets remain heated
Phnom Penh, 217 Construction investment cools down but markets remain heated Average High-end Condominium Price $3,18/SQM Prime Condominium Rent $15.6/SQM Prime Office Rent $22.2/SQM Prime Retail Mall
More informationPROPERTY INSIGHTS Q1 Snapshot
PROPERTY INSIGHTS Singapore Quarter 1, 2018 2018 Q1 Snapshot Residential market on the upturn Prices of private residential properties rose significantly in. How do the other market segments fare? Singapore
More informationMARKETBEAT HIGHLIGHTS 1.6% 5.9% $916 SYDNEY OFFICE. Big lease deals rebound in Q3. Strong prime absorption drives vacancy lower
SYDNEY OFFICE 1.6% 5.9% $916 PRIME GROSS GROWTH (QoQ) TOTAL VACANCY RATE (Q2 2017) PRIME GROSS (PER SQ M) HIGHLIGHTS Big lease deals rebound in Q3 After a Q2 in which smaller deals dominated the Sydney
More informationPROPERTY ANNUAL REPORT
PROPERTY 6 ANNUAL REPORT 2001 Review of Operations Property 2001 2000 HK$M HK$M Gross rental income derived from Offices 2,261 2,251 Retail 2,144 1,989 Residential 348 372 Other income 75 80 Property investment
More informationTHE ANNUAL SPRING REAL
The Great Housing Price Showdown Last January China s central government finally introduced measures strong enough to slow housing price increases. Speculators, developers, local governments and simple
More informationHOULIHAN LAWRENCE COMMERCIAL GROUP
HOULIHAN LAWRENCE COMMERCIAL GROUP TH QUARTER EXECUTIVE SUMMARY FOURTH QUARTER Dear Clients, With behind us and the new year in full swing, we can now reflect, summarize and gain insight from the past
More informationECONOMIC CURRENTS. Vol. 4, Issue 3. THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY
ECONOMIC CURRENTS THE Introduction SOUTH FLORIDA ECONOMIC QUARTERLY Vol. 4, Issue 3 Economic Currents provides an overview of the South Florida regional economy. The report presents current employment,
More informationE-commerce. E-commerce in the Bay Area. United States Year End How consumer demand for expedited deliveries is driving real estate
1 E-commerce in the Bay Area United States Year End 2016 How consumer demand for expedited deliveries is driving real estate 2 Last-mile delivery and a new era for industrial Introduction real estate Adjusting
More informationDTZ Research. Property Times Hong Kong Q Decentralised office leasing gains pace. 16 April Contents. Authors. Contacts
Property Times Decentralised office leasing gains pace 16 il 2013 Contents Economic Overview 2 Office 3 Retail 5 Residential 6 Investment 7 Definitions 8 Authors David Ji Head of Greater China Research
More informationGZI REIT includes 4 properties which are located in Guangzhou and which comprises a total GFA of 160,651 sq. m.
THE PROPERTIES IN GUANGZHOU: A GROWING CITY GZI REIT is the first REIT in the world which invests in Guangzhou, Guangdong Province, the PRC. Guangzhou is located in the centre of the Pearl River Delta
More informationIndustrial rents shrug off retail market slowdown to reach new high
MARKETVIEW Hong Kong Industrial, Q3 2015 Industrial rents shrug off retail market slowdown to reach new high Warehouse +0.9% q-o-q Factories Flat q-o-q I/O +1.3% q-o-q External trade, container throughput
More informationIndianapolis MARKETBEAT. Office Q Economy. Market Overview INDIANAPOLIS OFFICE
INDIANAPOLIS OFFICE Economic Indicators Q2 17 Q2 18 MSA Employment 1.1M 1.1M MSA Unemployment 3.3% 3.0% U.S. Unemployment 4.3% 3. Market Indicators (Direct, All Classes) Q2 17 Q2 18 Total Market Vacancy
More information>> Greater Los Angeles Retail Continues to Witness Declining Vacancy
Research & Forecast Report GREATER LOS ANGELES RETAIL Accelerating success. >> Greater Los Angeles Retail Continues to Witness Declining Vacancy Greater Los Angeles Retail Market The Los Angeles Basin
More informationRent grew in the serviced apartment market
Colliers Quarterly Q4 2016 13 January 2017 BEIJING RESIDENTIAL Rent grew in the serviced apartment market Jamie Xu Analyst North China In light of tightening policies announced by the end of September,
More informationY2015 Final Results KERRY PROPERTIES LIMITED 嘉里建設有限公司. 18 March 2016
Y2015 Final Results KERRY PROPERTIES LIMITED 嘉里建設有限公司 18 March 2016 1 Disclaimer The information in this presentation is for personal, non-commercial reference and general information purposes only and
More informationDa Nang City MarketView
Da Nang City MarketView Q2 213 CBRE Global Research and Consulting VN Q2 GDP 5.% HCMC Q2 GDP 8.1% DA NANG Q2 GDP 7.1% VNINDEX 24% LOCAL GOLD PRICE 19.4% TRADE BALANCE US$1.9 billion ECONOMY IS MOVING IN
More informationHONG KONG Luxury Residential Monthly Report
RESEARCH AUGUST 2011 HONG KONG Luxury Residential Monthly Report PRICES STABLE DESPITE MARKET UNREST Sentiment in the local residential sales market remained lukewarm in July. Government measures to cool
More informationY2017 Final Results. 16 March 2018
Y2017 Final Results 16 March 2018 DISCLAIMER The information in this presentation is for personal, non-commercial reference and general information purposes only and should not be relied upon for investment
More informationProperty. Mashreq. Economic Overview. Wealth Gauge.
Economic Overview The UAE economy has registered a growth of 5.2 in 2013. In spite of the dip in Oil prices globally the economy is expected to have registered a GDP growth between 4.7-4.8 in 2014. The
More informationFull speed at year end
PROPERTY TIMES Full speed at year end Paris CBD Q4 215 27 January 216 Contents Economic climate 2 Take-up and rental values 3 Supply 4 Author Paris CBD witnessed an excellent end to the year with a final
More informationHouston Summer Retail. Office. July 2016 Commercial Markets. Independent Valuations for a Variable World Page 1. Summary Q1 Statistics
July 2016 Commercial Markets In This Issue Commercial Markets Retail Office Industrial Multifamily Housing Trends Single Family Housing Lot Supply & New Home Data % 10% 8% 6% 4% 2% 0% Retail 2007 Q1 2008
More informationManhattan leasing activity down but not out
DECEMBER 2015 a JLL retail research point of view Manhattan leasing activity down but not out It s a safe bet that most of the 56.4 million visitors to New York City last year did some shopping. They come
More information>> Greater Los Angeles Retail Continues to Witness Declining Vacancy
Research & Forecast Report GREATER LOS ANGELES RETAIL Accelerating success. >> Greater Los Angeles Retail Continues to Witness Declining Vacancy Greater Los Angeles Retail Market The Los Angeles Basin
More information2010 Interim Results Presentation Interim Results 1 September 2010
2010 Interim Results Presentation 2010 Interim Results 1 September 2010 1 Disclaimer This presentation contains forward-looking statements that involve risks and uncertainties. These statements are generally
More informationBriefing Office sector August 2015
Savills World Research Xi'an Briefing Office sector August 2015 SUMMARY Image: Xi an Center, High-tech Zone, Xi an The Xi an Grade A office market is currently going through a period of upgrade, with an
More informationMainland China Real Estate Markets 2014 ULI Analysis of City Investment Prospects
Mainland China Real Estate Markets 2014 ULI Analysis of City Investment Prospects Kenneth Rhee Chief Representative, Mainland China, for the Urban Land Institute July 9, 2014 Agenda for discussion 1. Geographic
More informationReleased: February 8, 2011
Released: February 8, 2011 Commentary 2 The Numbers That Drive Real Estate 3 Recent Government Action 10 Topics for Home Buyers, Sellers, and Owners 13 Brought to you by: KW Research Commentary Gradual
More informationDTZ Research. Property Times Hong Kong Q TMT sector emerges as a new driver of office market. 22 October Contents. Author.
Property Times TMT sector emerges as a new driver of office market 22 October 2013 Contents Economic Overview 2 Office 3 Retail 5 Residential 6 Investment 7 Definitions 8 Author Andrew Ness Head of North
More informationLos Angeles Basin Retail Market Witnessed A Slight Increase In Vacancy Rates
RETAIL GREATER LOS ANGELES BASIN MARKET REPORT Witnessed A Slight Increase In Vacancy Rates MARKET INDICATORS - VACANCY 6.2% NET ABSORPTION -551,200 CONSTRUCTION 1,946,000 RENTAL RATE $1.96 P NNN UNEMPLOYMENT
More informationSAVILLS VIETNAM HA NOI DA NANG HCMC. The most innovative Advisory Services in Viet Nam. Over 22 years First to Market. 68,000 sqm Leased in 2016
SAVILLS VIETNAM HA NOI Over 22 years First to Market The most innovative Advisory Services in Viet Nam DA NANG 68,000 sqm Leased in 2016 US$ 200 mil 2016 residential sales Over USD 100M pa Number one for
More information仁恒置地集团 YANLORD LAND GROUP LIMITED. 2Q and 1H 2013 Results Presentation
仁恒置地集团 YANLORD LAND GROUP LIMITED 2Q and 1H 2013 Results Presentation 1 Presentation Content I. Key Financial Highlights II. Business and Operation Overview III. Outlook 2 Yanlord 2Q 2013 Business Review
More informationLas Vegas Valley Executive Summary
ARROYO MARKET SQUARE Las Vegas Valley Executive Summary Retail Market 4th Quarter 2013 THE DISTRICT AT GREEN VALLEY RANCH January 23, 2014 Re: Commercial Real Estate Survey: 4th Quarter, 2013 Dear Reader,
More information