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Real estate deals in 4 cities seen vibrant
By Cao Qian |
April 19, 2012, Thursday
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CHINA'S four major gateway cities will post vibrant real estate transactions this year amid stable economic growth and robust demand for consumption, with commercial projects in prime locations being the most sought-after by investors.
Last year, 124 deals - each involving at least US$10 million or 50 million yuan (US$7.9 million) - were completed in Shanghai, Beijing, Guangzhou and Shenzhen. The combined value of these deals exceeded 123 billion yuan, according to a research released yesterday by E-Commercial China, a provider of integrated commercial real estate services.
"This year will probably see stronger sentiment for large-sum real estate transactions in the four cities, which has held a combined share of more than 85 percent of the country's total by transaction value over the past five years," said Frank Liu, co-founder and vice president of E-Commercial. "In particular, the second and the third quarters of this year will be worth watching because a quite large number of deals are currently under negotiations."
The first quarter, though, was rather quiet, with 15 deals involving a combined more than 10 billion yuan concluded.
The commercial real estate projects in prime locations, which mainly include offices and retail facilities, will remain attractive due to their stable rental income and steadily increasing capital value, the firm said.
Last year, 124 deals - each involving at least US$10 million or 50 million yuan (US$7.9 million) - were completed in Shanghai, Beijing, Guangzhou and Shenzhen. The combined value of these deals exceeded 123 billion yuan, according to a research released yesterday by E-Commercial China, a provider of integrated commercial real estate services.
"This year will probably see stronger sentiment for large-sum real estate transactions in the four cities, which has held a combined share of more than 85 percent of the country's total by transaction value over the past five years," said Frank Liu, co-founder and vice president of E-Commercial. "In particular, the second and the third quarters of this year will be worth watching because a quite large number of deals are currently under negotiations."
The first quarter, though, was rather quiet, with 15 deals involving a combined more than 10 billion yuan concluded.
The commercial real estate projects in prime locations, which mainly include offices and retail facilities, will remain attractive due to their stable rental income and steadily increasing capital value, the firm said.
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