Home » Business » Real Estate
Office space investment stays strong
Print Edition
INVESTOR interest in the Shanghai office market stayed strong in the second quarter despite high prices and lower transaction volume, according to global real estate services provider JLL.
En-bloc real estate investment deals covering all property types in Q2 totaled 19.4 billion yuan (US$2.85 billion), a decrease of 2.8 percent from the first quarter, but a year-on-year surge of 47.2 percent, JLL said in a report yesterday.
Office buildings remained most sought-after, accounting for 92.1 percent of the total. Retail space trailed with 3.1 percent and industrial properties with 2.1 percent.
“Limited availability of quality assets for sale, especially after the frantic buying spree in the fourth quarter of last year, was one of the key reasons behind last quarter’s slowdown,” said Johnny Shao, the head of capital markets for Shanghai and East China at JLL. Foreign investors accounted for two of the largest Q2 transactions.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
