Briefing Sales and Investment October 2018
|
|
- Daisy Pamela Anderson
- 5 years ago
- Views:
Transcription
1 Savills China Research Beijing Briefing Sales and Investment October 218 SUMMARY Image: ZLink, Haidian District The latest round of policy adjustments will halt new commercial land supply in the main urban areas of Beijing. The regulations are expected to push up capital values of current stock. The total transaction area in the first-hand strata-title office and retail markets reached 164, sq m and 15, sq m, respectively. Only four en-bloc transactions were closed in /218 for a total consideration of RMB3.57 billion. Grade A office capital values registered an average of RMB85,38 per sq m. Meanwhile, Grade A office gross reversionary yields tightened by.6 percentage points (ppts) to 5.14%. A total of 13 land plots were transacted in /218 for a combined transaction volume of RMB16.5 billion, down 7.7% QoQ. Seven of the land plots were positioned for residential usage and one plot for commercial usage. Beijing authorities announced the Catalogue of Prohibitions and Restrictions on New Industries in Beijing (218 Edition) in /218. Public policies are tightening and are expected to have a profound impact on the city s real estate sector the investment market in particular. Jack Xiong, Savills Research & Consultancy savills.com.cn/research 1
2 Briefing Beijing sales and investment October 218 Policy adjustment 26 September 218 Beijing authorities announced the Catalogue of Prohibitions and Restrictions on New Industries in Beijing (218 Edition). GRAPH 1 First-hand strata-title office sales, /28 / Highlights include: - Office projects are forbidden within Dongcheng and Xicheng districts, and the East, West, and North Fifth Ring Road and South Fourth Ring Road areas of Chaoyang, Haidian, Fengtai and Shijingshan districts Commercial retail facilities over 1, sq m are forbidden within the Third Ring Road area. The latest round of policy adjustments will halt new commercial land supply in the main urban areas of Beijing. The move is expected to push up capital values and rental expectations for available stock in the market. Office sector All grades The first-hand strata-title office market witnessed 382,5 sq m of new supply in /218, up 45.3% QoQ and 65.7% year-on-year (YoY). Total transaction area reached 16,4 sq m during /218, up 5.1% QoQ and 85.1% YoY, respectively. Meanwhile, total consideration was up by 17.3% QoQ and 61.2% YoY to RMB4.17 billion. Average transaction prices were down 3.7% QoQ and 12.9% YoY to RMB 26,13 per sq m. volumes in /218 were concentrated in non-prime and suburban districts, namely Tongzhou, Mentougou and Daxing. Tongzhou accounted for 18% of the total transacted area, while Mentougou and Daxing took second and third place with 16.6% GRAPH 2 First-hand strata-title office supply and transaction by area, 28 /218 ' sq m 2,5 2, 1,5 1, 5 Traditional Non-prime & suburban GRAPH 3 Grade A capital values and yields, /27 /218 RMB per sq m 85, 68, 51, 34, 17, Capital value (LHS) Gross yield (RHS) % 12% 9% 6% 3% % 2
3 Briefing Beijing sales and investment October 218 and 15.5%, respectively. Tongzhou continued to rank first in terms of total consideration accounting for 23.9%, while Mentougou (18.8%) and Daxing (17.5%) followed closely behind. Grade A office market Grade A office capital values continued to grow to an average of RMB85,38 per sq m by the end of /218. Meanwhile, Grade A office gross reversionary yields continued to tighten by.6 ppts to 5.14%. Retail sector New supply in the first-hand stratatitle retail market reached 76, sq m in /218, up 13% QoQ and 4.4% YoY. Total transaction area decreased by 19.8% QoQ and 1.6% YoY to 15, sq m by the end of /218. Total consideration recorded RMB3.61 billion in the quarter, down 4.1% QoQ although up by.7% YoY. Average transaction prices registered RMB34,284 per sq m, up 19.5% QoQ and 26.8% YoY. En-bloc investment market The en-bloc investment market witnessed a total of four completed deals, which registered a total consideration of RMB3.57 billion, in /218. Traditional asset classes proved popular during the quarter with deals concluded in both the office and retail markets. GRAPH 4 First-hand strata-title retail sales, /28 / ZLink in Zhongguancun Software Park located in Haidian was acquired by Allianz for a total consideration of RMB1.3 billion. - Fangheng Fashion Centre located in Haidian was acquired by Toutiao for a consideration of RMB2.2billion TABLE 1 Major first-hand strata-title office projects, /218 Project Chang an Paradise Walk 长安天街 Park Lounge 招商嘉铭 珑原 Gemdale Future Life 金地未未来 Location Mentougou Changping Shunyi Developer Longfor Group China Merchants Land Limited Gemdale Group area (sq m) 16,725 18,73 13,234 Average price (RMB per sq m) 27,92 11,68 23,237 savills.com.cn/research 3
4 Briefing Beijing sales and investment October China Life Investment Holding Company purchased 1% equity shares for both the podium at Tongtai Plaza and the podium at No.25 Longze West Mansion for an undisclosed consideration. Land market A total of 13 land plots were transacted in /218 for a combined consideration of RMB16.46 billion, down 7.7% QoQ and 8.4% YoY. Seven of the new plots were designated or partially designated for residential usage and the remainder were registered as one commercial plot and five industrial plots. One major deal during the quarter saw China Galaxy Securities and China Securities Internet System Co., Ltd acquire a 12, sq m multi-usage plot in Lize district for RMB3.2 billion. Market outlook With no regulatory loosening in the near future, it is expected the transaction volume of strata-title commercial projects will remain low and will be focused on existing stock in the market. Companies with actual investment needs for assets are expected to be transaction drivers, while there will continue to be a shift away from speculative activity. The new policy adjustments will halt new commercial land supply in the main urban areas of Beijing. The move is expected to push up capital values and rental expectations, particularly in mature business districts. Currently, institutional investors continue to target assets that offer superior locations and high returns. GRAPH 5 En-bloc investment volumes, 27 /218 GRAPH 6 En-bloc investment volumes by property type, 27 /218 GRAPH 7 Land transaction volumes, 28 / Office Retail Apartment Serviced apartment Hotel Complex The Beijing Municipal Government recently outlined the necessity
5 Briefing Beijing sales and investment October 218 for making rational use of land resources and highlighted the importance of strengthening the residential land supply. Authorities have allocated 66 land plots for residential usage, 17 of which will be listed for sale in the near future. The majority of the plots will be positioned for joint-ownership and price-capped housing. This supply-side reform is expected to ensure the stability and healthy development of the residential market. TABLE 2 Major strata-title retail projects, /218 Project Jade Plaza 龙湖 西宸广场 House in Park 首开万科公园里 Colorful Garden 住总正华多彩嘉园 Location Fengtai Tongzhou Daxing Property Type Strata-title Retail Residential/Retail Podium Residential / Retail Podium Developer Longfor Group Beijing Capital Development Holding Group / Vanke BUCG area (sq m) 3,736 3,261 3,549 Average price (RMB per sq m) 44,433 44,97 34,717 TABLE 3 Major En-bloc transactions, /218 Project Podium of Tongtai Plaza 通泰大厦底商 Podium of No.25 Longze West Mansion 龙泽苑西区 25 号楼底商 Fangheng Fashion Center 方恒时尚中心 ZLink 高科岭 Buyer China Life Investment Holding Company Ltd China Life Investment Holding Company Ltd Toutiao Seller Beijing Tiantai Beijing Tiantai Beijing Fangheng Land Allianz KaiLong REI Inv & Goldman Sachs Location Xicheng Changping Haidian Haidian Purchased area(sq m) 76,8 4,268 3,638 31,425 Sales volume (million) N/A N/A 2,229 1,34 Unit price (RMB per sq m) N/A N/A 72,753 43,511 Deal Structure Onshore equity transaction Onshore equity transaction Asset transaction Offshore equity transaction (98%) savills.com.cn/research 5
6 Briefing Beijing sales and investment October 218 TABLE 4 Major land transactions, /218 Plot Location Planned GFA (sq m) Usage Consideration () Buyer Fengtai Fengtai 12, Commercial 3.19 China Securities Internet System / China Galaxy Securities Chaoyang Shunyi Daxing Daxing Chaoyang 84,324 Residential 2.91 China Overseas Shunyi 65,458 Residential 2.6 Jiangong Real Estate Daxing 11,976 Residential 2.8 China Resources / Jinmao Daxing 87,417 Residential 1.73 China Overseas Please contact us for further information Research Central Management Research & Consultancy Investment James Macdonald Senior Director China james.macdonald@savills.com.cn Anthony McQuade Managing Director North China anthony.mcquade@savills.com.cn Jack Xiong Director Beijing jack.xiong@savills.com.cn Spring Cao Senior Director Beijing spring.cao@savills.com.cn Savills plc Savills is a leading global real estate service provider listed on the London Stock Exchange. The company established in 1855, has a rich heritage with unrivalled growth. It is a company that leads rather than follows, and now has over 6 offices and associates throughout the Americas, Europe, Asia Pacific, Africa and the Middle East. This report is for general informative purposes only. It may not be published, reproduced or quoted in part or in whole, nor may it be used as a basis for any contract, prospectus, agreement or other document without prior consent. Whilst every effort has been made to ensure its accuracy, Savills accepts no liability whatsoever for any direct or consequential loss arising from its use. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from Savills Research. 6
Briefing Sales and Investment April 2018
Savills World Research Beijing Briefing Sales and Investment April 218 SUMMARY Image: Ibis Beijing Sanyuan Hotel, Sanyuanqiao Government encouragement of the residential leasing market has prompted institutional
More informationBriefing Sales and Investment November 2017
Savills World Research Beijing Briefing Sales and Investment November 217 SUMMARY Image: Hopson International Building, East Second Ring Road The en-bloc sales market witnessed strong deal flow during
More informationBriefing Sales and Investment April 2017
Savills World Research Beijing Briefing Sales and Investment April 217 SUMMARY Image: Chang an Centre, Shijingshan district Cashed up developers are actively acquiring underperforming assets with the intention
More informationBriefing Office sector January 2016
Savills World Research Beijing Briefing Office sector January 2016 SUMMARY Image: AIIB Headquarter, BFS, Xicheng district While the P2P financing sector continues to fuel demand for Grade A office space,
More informationBriefing Office sector January 2018
Savills World Research Briefing Office sector January 2018 SUMMARY Image: Glory Star Financial Towers, Lize Financial Business District The Grade A office market received an influx of new supply in /2017,
More informationBriefing Residential sales November 2018
Savills China Research Shanghai Briefing Residential sales November 218 SUMMARY Image: Badaitou, Yangpu District Supply reached a two-year high as developers rushed to reach their year-end targets; first-hand
More informationBriefing Office sector April 2018
Savills World Research Briefing Office sector April 2018 SUMMARY Image: CIVIC Capital Tower, Wangjing Strong leasing demand in the capital city saw the average Grade A office rent rise for a third consecutive
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 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 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 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 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 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 informationBriefing Residential sales May 2018
Savills World Research Shanghai Briefing Residential sales May 18 SUMMARY Image: Fuxing Royale, Huangpu District The market is eagerly anticipating a rush of presale permits in April as the conditions
More informationBriefing Office sector November 2017
Savills World Research Shanghai Briefing Office sector November 2017 SUMMARY Image: Vantone Center, HTH In recent quarters, more landlords are leasing out space in their traditional office projects to
More informationBriefing Office sector
Savills China Research Shanghai Briefing Office sector November 2018 Image: Xuhui ASE SUMMARY Prime areas witnessed office space being handed back to the market in Q3/2018. Location is no longer everything
More informationBriefing Residential leasing August 2017
Savills World Research Shanghai Briefing Residential leasing August 2017 SUMMARY Image: Stanford Residences Xu Hui Strata-title apartment rents increased 3.3% in /2017 to RMB187 per sq m per month, as
More informationBriefing Investment August 2016
Savills World Research Shanghai Briefing Investment August 2016 SUMMARY Image: Lujiazui Domestic investors were especially active in the first half of 2016, accounting for 93% of transaction consideration.
More informationBriefing Retail sector September 2015
Savills World Research Xi'an Briefing Retail sector September 2015 SUMMARY Image: HuadongWanhe City, East City, Xi an The prime retail market will see another influx of supply over the next three years,
More informationBriefing Investment May 2018
Savills World Research Shanghai Briefing Investment May 218 SUMMARY Image: Jinqiao Business Park The investment market started quietly in 218 with seven key deals concluded as investors showed concern
More informationQuarterly Market Briefing Da Nang, Vietnam Q4/2016
Savills Research - Subscription form Savills Market Research Vietnam Quarterly Market Briefing Da Nang, Vietnam Q4/216 Macro Indicators Value YoY Growth Rate (%) GDP growth rate (%) 6.2% -.5ppt Retail
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 informationBriefing Office sector February 2014
Savills World Research Shanghai Briefing Office sector SUMMARY Image: Garden Square, Jing an district New supply toward the end of 2013 resulted in an uptick in vacancy rates, while landlords, especially
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 informationBriefing Residential leasing November 2016
Savills World Research Shanghai Briefing Residential leasing November 2016 SUMMARY Image: Stanford Residences, Jing An Landlords adjusted rents slightly downwards in /2016, as vacancy rates recorded a
More informationBriefing Residential sales May 2015
Savills World Research Shanghai Briefing Residential sales May 15 SUMMARY Image: Joffre Classic, Changning New policies supported buyer sentiment, leading to Shanghai s residential sales market picking
More informationMarket Briefing Vientiane, Laos Q4/2016
Savills Research - Subscription form Savills Market Research Indochina Market Briefing Vientiane, Laos Q4/216 Macro Indicators Unit Value YoY Growth rate (%) Area Square kilometre 23,612 N/A Population
More informationBEIJING S NEW URBAN AREA
COLLIERS RADAR PROPERTY BEIJING 19 OCTOBER 2018 Emily Cao Associate Director Research North China +(86 10) 8518 1633 Emily.Cao@colliers.com BEIJING S NEW URBAN AREA Traction for Tongzhou Summary & Recommendations
More informationThe city is increasingly popular with people leaving London in search of quality, value and space
Savills Research UK Residential savills.com/research Spotlight 2018 INTRODUCTION presents the best of both worlds. It is close enough to London to be a commuter haven, and yet set within beautiful countryside
More informationBriefing Residential sales February 2016
Savills World Research Shanghai Briefing Residential sales February 216 SUMMARY Image: Fuxing Royale, Huangpu 215 proved to be a record year for the Shanghai market, with prices reaching new highs and
More informationBriefi ng Office sector Q3 2017
Savills World Research Tokyo Briefi ng Office sector SUMMARY Image: Akasaka Intercity AIR, Take-up has been much stronger than anticipated. Average rents in the C5W continued to gain through Q3/2017 as
More informationBriefing Office sector July 2016
Savills World Research Shanghai Briefing Office sector July 2016 SUMMARY Image: Jin Mao Tower, Shanghai World Financial Centre, Shanghai Tower Vacancy rates across the city have risen as space was handed
More informationSpotlight Marylebone and Fitzrovia
Savills World Research UK Residential Spotlight Autumn 2015 savills.co.uk/research 03 Spotlight Market overview an ongoing evolution continue to grow as demand increases for these central locations L ocated
More informationSpotlight on Scotland s Prime Residential Property Market
Spotlight on Scotland s Prime Residential Property Market Savills Research savills.co.uk/research Recovery continues in Scottish prime market The second quarter of 2010 saw a marked increase in transaction
More informationBriefing Office sector Q4 2017
Savills World Research Tokyo Briefing Office sector SUMMARY Image: Office landscape in central Tokyo Take-up is maintaining strong momentum. Average rents in the C5W registered another gain in Q4/2017
More informationSHANGHAI GRADE A OFFICE MARKET UPDATE Q3 2018
COLLIERS QUARTERLY Peng Jiang Senior Manager Research East China +86 21 6141 355 Peng.Jiang@colliers.com OFFICE SHANGHAI Q3 218 2 OCTOBER 218 SHANGHAI GRADE A OFFICE MARKET UPDATE Q3 218 Summary & Recommendations
More informationGREATER CHINA Quarterly
RESEARCH Q3 2011 GREATER CHINA Quarterly bright outlook for office market Beijing In the third quarter of 2011, Towers F and H of Phoenix Place in Beijing with a total gross floor area of 46,000 sq m were
More informationBriefing Residential leasing Q4 2017
Savills World Research Tokyo Briefing Residential leasing SUMMARY Image: Park Court Aoyama The Tower 19 of Tokyo s 23 wards finished 2017 with YoY gains. C5W rental growth has picked up, and increases
More informationSavills World Research UK Residential. Spotlight Richmond. savills.co.uk/research 03
Savills World Research UK Residential Spotlight 2016 savills.co.uk/research 03 Spotlight Market overview A PERFECT COMBINATION provides the ideal balance between town and country, making it a highly sought-after
More informationEstate Benchmarking Survey
Savills World Research UK Rural Estate Benchmarking Survey 2016 SPREADING THE RISK The shift away from agriculture towards other revenue streams contributes to improved performance KEY SECTORS Agriculture.
More informationSpotlight Ealing 2016
Savills World Research UK Residential Spotlight Ealing 2016 New office open at 3 The Green 03 savills.co.uk/research Spotlight Ealing Market overview change is underway Ongoing improvements will result
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 informationQuarterly Market Briefing Vietnam Q4/2016
Savills Research - Subscription form Savills Market Research Vietnam Quarterly Market Briefing Vietnam Q4/2016 Macro Indicators Value YoY Growth Rate (%) GDP growth rate (%) 6.2% -0.5ppt Retail sales (Billion
More informationQuarterly Market Briefing HCMC, Vietnam Q4/2016
Savills Research - Subscription form Savills Market Research Vietnam Quarterly Market Briefing HCMC, Vietnam Q4/2016 Macro Indicators Value YoY Growth Rate (%) GDP growth rate (%) 6.2% -0.5ppt Retail sales
More informationYANLORD 2Q 2015 REVENUE SURGES 55.1% TO RMB2.340 BILLION; RECOGNITION OF PRE-SALES TO DRIVE FY 2015 PERFORMANCE
Yanlord Land Group Limited PRESS RELEASE 2Q and 1H 2015 Financial Results YANLORD 2Q 2015 REVENUE SURGES 55.1% TO RMB2.340 BILLION; RECOGNITION OF PRE-SALES TO DRIVE FY 2015 PERFORMANCE Buoyed by positive
More informationJumeirah Lake Towers Market Report Q4 2018
Jumeirah Lake Towers Market Report Q4 2018 Publication This document was produced in 2018. The data used in the tables and charts is the latest available at the time of publishing. Data sources are included
More informationBriefi ng Residential leasing June 2017
Savills World Research Singapore Briefi ng Residential leasing SUMMARY Image: Echelon at Alexandra View Rents continued to trend lower despite strong showing in leasing transactions in /217. The job market
More informationBriefi ng Residential leasing Q1 2018
Savills World Research Tokyo Briefi ng Residential leasing SUMMARY Image: Park Court Akasaka-hinokicho The Tower While the C5W led rental growth in Q1/2018, every submarket, including all fi ve of the
More informationUK Office Market Report
UK Office Market Report Winter 21 211 will remain challenging for some cities, however, the muted development pipeline will help underpin rents. Prime yields have continued to harden, albeit at a slower
More informationBriefi ng Office sector Q1 2018
Savills World Research Tokyo Briefi ng Office sector SUMMARY Pre-leasing activity remains strong and occupancy levels are approaching 100% in some submarkets. Average rents in the C5W registered another
More informationCapitaLand Investors Day Presentation by Jason Leow CEO, CapitaLand China
CapitaLand Investors Day Presentation by Jason Leow CEO, CapitaLand China 12 1 Disclaimer This presentation may contain forward-looking statements that involve risks and uncertainties. Actual future performance,
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 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 informationBriefing Residential sales June 2018
Savills World Research Hong Kong Briefing Residential sales June 2 SUMMARY Local interest rates may finally rise given capital outflows and rising interbank rates. Image: Plantation Road, The Peak The
More informationWe encourage readers to review our complete legal statement on Disclaimer page.
Company Research and Analysis Report FISCO Ltd. http://www.fisco.co.jp 伪伪 An emerging real estate investment and development company that is moving to the next growth stage by developing inbound demand
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 informationMoscow office market overview
office market overview 211 The recovery of the office market continued in 211. completion volume was 198,8 sq m. Several large deals were signed. Prime rents reached USD 1, per sq m per year, a 11% growth
More informationInternational Research
International Research Second homes abroad 2008 Strong sentiment remains for traditional holiday destinations despite falling capital growth UK foreign owned property has risen to 58 billion Higher levels
More informationBriefi ng Office sector November 2018
Savills World Research Singapore Briefi ng Office sector SUMMARY Image: Capital Tower on Robinson Road Landlords are raising asking rents and holding their ground during lease negotiations. In Q3/2018,
More informationSavillsResearch. Metro Manila. Metro Manila. Office Briefing 3Q 2018
KMC MAG KMCGroup SavillsResearch Research Metro Manila Metro Manila Office Briefing Metro Manila Office Briefing Metro Manila Office Submarkets Future Stock (221) DEVELOPMENT PIPELINE (218-221) CURRENT
More information2013 Annual Results Presentation
Stock code:1777 2013 Annual Results Presentation March 2014 Disclaimer This presentation has been prepared by Fantasia Holdings Group Co., Limited (the Company ) solely for use at the presentation regarding
More informationHousing Price and Fundamentals in A Transition Economy: The Case of Beijing Market
Housing Price and Fundamentals in A Transition Economy: The Case of Beijing Market Bing Han 1 and Lu Han 2 and Guozhong Zhu 3 2016 Conference on the Chinese Economy 1 Rotman School of Management, University
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 informationBriefing Office sector Q3 2018
Savills World Research Tokyo Briefing Office sector 2018 SUMMARY Grade A rents are steadily rising as vacancy continues to tighten, demonstrating the strength of demand for offices in Tokyo. Image: Shibuya
More informationBriefi ng Residential leasing Q2 2018
Savills World Research Tokyo Briefi ng Residential leasing 2018 SUMMARY Image: Mirea Court Ginza Premier Average rents consolidated in, as expected following the robust gains in. Annual growth should remain
More informationSPOTLIGHT China 10 Residential Cities
Savills China Research SPOTLIGHT China 1 Residential Cities 217 savills.com.cn/research Contents 3-4 5-6 7 Ranking Introduction Savills Executive Unit 8-9 1-12 13 Sales market Rental market Yields 14 15
More informationAlthough total registered FDI slightly decreased -1% YoY, disbursed FDI in 2018 increased 9% to over US$19 billion.
GDP growth reached 7.1, bolstered by strong manufacturing and exports. The expansion of the service sector was robust, supported by private consumption and record tourist arrivals. National retail sales
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 informationSavills World Research UK Residential. Spotlight Fulham. savills.co.uk/research 03
Savills World Research UK Residential Spotlight Fulham 2016 savills.co.uk/research 03 Spotlight Fulham Market overview A VIBRANT AREA Fulham has cemented its reputation as one of the most sought-after
More informationJV CONTRACT PROPOSED LEASE OF PROPERTIES
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to it accuracy or completeness
More informationPresented by Corporate Visions Pte Ltd
Our Vision : To be the leading consultancy in commercial and industrial properties Our Mission: To provide professional, value-added and cost effective business space solutions Presented by Corporate Visions
More informationRETAIL: INCREASED RENT BUT DECREASED OCCUPANCY
QMR Brief - HCMC GDP growth achieved 7.4 in Q1/218, the highest in Q1 for the last 1 years. The main driver was the industry and construction sector, followed by services. Inflation was well-controlled
More informationRESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES
RESIDENTIAL RESEARCH MARKET ACTIVITY REPORT FOR AUSTRALIAN CAPITAL CITIES & REGIONAL CENTRES Feb-17 May-17 Aug-17 Nov-16 Feb-17 May-17 The official cash rate target remained at 1.5 on 1 August 2017. Domestic
More informationPresented by Corporate Visions Pte Ltd
Our Vision : To be the leading consultancy in commercial and industrial properties Our Mission: To provide professional, value-added and cost effective business space solutions Presented by Corporate Visions
More informationSUNNINGDALE TECH LTD.
SUNNINGDALE TECH LTD. Company Registration No.: 199508621R (Incorporated in the Republic of Singapore) PROPOSED DISPOSAL OF FACTORY IN ZHONGSHAN, CHINA 1. INTRODUCTION The Board of Directors ("Board")
More informationDomain.com.au House Price Report December Quarter 2015
Domain.com.au House Price Report December Quarter 2015 Dr Andrew Wilson Senior Economist for Domain.com.au Key findings Record drop in Sydney median house prices over the December quarter Melbourne and
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 informationAffordability 4 Years On
Affordability 4 Years On Measuring Affordability Levels in Abu Dhabi UAE 2018 Affordability 4 Years On 2018 Colliers International 1 Definition of Affordable Housing: The definition of affordable housing
More informationQ Rotterdam. A closer look reveals more than the first impression. City Special Rotterdam offices. Savills World Research savills.
Q2 2018 Rotterdam A closer look reveals more than the first impression Savills World Research savills.nl/research Introduction Population The Dutch economy has seen a spectacular growth in recent years.
More informationSharper fall in office rents and capital values
Research & Forecast Report SINGAPORE OFFICE Q1 2016 Sharper fall in office rents and capital values Joanna Chen Manager, Research and Advisory The office market faces a critical juncture in the next few
More informationCOMMERCIAL RESEARCH BANGKOK OFFICE
COMMERCIAL RESEARCH BANGKOK OFFICE MARKET OVERVIEW Q4 2017 HIGHLIGHTS Average Grade A rents rose to 1,000 baht per square metre per month for the first time, as demand continues to outstrip supply. Tenants
More informationSino-Ocean Land (3377.HK) FY11 Annual Results
Sino-Ocean Land (3377.HK) FY11 Annual Results March 2012 About Sino-Ocean Land (3377.HK) Key businesses A leading developer in Beijing and the Pan-Bohai Rim focusing on building midto-high end residential
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 information2015 Annual Results Announcement March 24
2015 Annual Results Announcement March 24 1 Company Introduction 2 Financial Highlights 3 Business Updates 4 Future Outlook 5 Q&A 2 Company Introduction Established in 1995, the Group is a well-known integrated
More informationResidential Commentary - Perth Apartment Market
Residential Commentary - Perth Apartment Market March 2016 Executive Summary The Greater Perth apartment market has attracted considerable interest from local and offshore developers. Projects under construction
More informationRegenerating and Investing in the South West. Richard Yorke, CoStar Group. 23 rd May 2018
Regenerating and Investing in the South West Richard Yorke, CoStar Group 23 rd May 2018 South West Investment Soared to a Record High in 2017 Annual South West CRE Investment 2010 17 2.5 Investment ( bn)
More informationSKY LIGHT HOLDINGS LIMITED 天彩控股有限公司 (Incorporated in the Cayman Islands with limited liability)
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationAll Ratings Affirmed In U.K. RMBS Transaction First Flexible No. 6 Following Review
All Ratings Affirmed In U.K. RMBS Transaction First Flexible No. 6 Following Review Surveillance Credit Analyst: Simonetta Colombara, Milan (39) 02-72111-264; simonetta.colombara@standardandpoors.com OVERVIEW
More informationCONTINUING CONNECTED TRANSACTIONS RENEWAL OF TENANCY AGREEMENT AND PROPERTY MANAGEMENT AGREEMENT
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness
More informationProperty. Mashreq. Economic Overview. Wealth Gauge
Wealth Gauge Volume 23 November 2015 Economic Overview In spite of the dip in Global Oil prices the GDP for 2015 grew at 3.5. The UAE economic growth is expected to slow down and grow at 2.9 in 2016 driven
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 $15./SQM Prime Office
More informationCompany Newsletter(August 2017)
Company Newsletter(August 2017) Stock ( September 8th, 2017): > Contracted Sales Closing Price : 52-week High/Low : Market Cap : 3.95 HK$ 2.11-4.19 HK$ 15,789 million HK$ No. of Issued Shares : 3,997 million
More informationSELF-STORAGE REPORT VIEWPOINT 2017 / COMMERCIAL REAL ESTATE TRENDS. By: Steven J. Johnson, MAI, Senior Managing Director, IRR-Metro LA. irr.
SELF-STORAGE REPORT VIEWPOINT 2017 / COMMERCIAL REAL ESTATE TRENDS By: Steven J. Johnson, MAI, Senior Managing Director, IRR-Metro LA The Self Storage Story The self-storage sector has been enjoying solid
More informationDomain Rental Report June Quarter 2015
Domain Rental Report June Quarter 2015 Dr Andrew Wilson Senior Economist for the Domain Group Key findings Rents remain at or near record levels in most Australian capital cities house rents surge 1.9
More informationTokyo Residential: Ultra Luxury
Japan - March 2019 S P OT L I G H T Savills Research Tokyo Residential: Ultra Luxury Retail sales in Beijing were up 4.4% year-on-year to RMB39.8 billion in 1H 2018 Tokyo s ultra-luxury condo market is
More informationPress Release DANANG REAL ESTATE MARKET REPORT. 16 March I. COMMERCIAL Soft performance of hotel market 1. RETAIL
16 March 2016 DANANG REAL ESTATE MARKET REPORT Co.,Ltd 6 th Floor, Sentinel Place 41A Ly Thai To Street, Hoan Kiem District, Hanoi T: +84 4 3946 1300 savills.com.vn I. COMMERCIAL Soft performance of hotel
More informationINTRODUCTION AND HIGHLIGHTS FINANCIAL REVIEW BUSINESS REVIEW
COVER 1 AGENDA INTRODUCTION AND HIGHLIGHTS FINANCIAL REVIEW BUSINESS REVIEW Highlights Financial Review Business Review http://www.crland.com.hk/ CR Land Results 2016 2 INTRODUCTION AND HIGHLIGHTS Highlights
More informationChina Property. China / Hong Kong Monthly Chart Book. (Issue No. 92)
Times Property Country Garden* China Aoyuan Hopson Dev China Merchants Land Shimao Property* Evergrande* Yuzhou Properties Future Land Central China* Kaisa Group CR Land* Large-cap players China SCE Sino-Ocean
More informationRecord leasing activity in the Melbourne CBD office market
Record leasing activity in the Melbourne CBD office market June 215 Summary The recovery in the Melbourne CBD office leasing started in 214 and the momentum in leasing enquiry gathered pace in 215. We
More informationApartment Sector SURABAYA APARTMENT APARTMENT FOR STRATA- TITLE. Supply. Colliers Half Year H February Forecast at a glance
Colliers Half Year 16 February 2017 SURABAYA APARTMENT Accelerating success. Apartment Sector Ferry Salanto Senior Associate Director Research Despite further pressure from tight competition amongst projects
More information