Home/News/Overseas property news/

More overseas property news articles

  • lazy loaded image

    Overseas property news

    2020 is going to go down as a year to remember if the mid-year state of APAC property markets is any indication.
  • lazy loaded image

    Overseas property news

    After observing the development of COVID-19 and employment of government control measures, we can see the virus has had a short-lived impact on the office market in first-tier cities. The market is dependent on the policy measures that were introduced by respective governments which include reduction or waive of rental payments for a few months. Apart from the effects of COVID-19 and a slowdown of the macro economy, it is expected that there will be new offices entering the market which could lead to a further increase in first-tier cities’ overall vacancy rates. Nonetheless, the second quarter’s downward pressure in rents will depend on the ease and prevention of COVID-19.
  • lazy loaded image

    Overseas property news

    As we enter the second quarter of the year, the production and operation of Chinese enterprises have gradually improved. Among them, there has only been a slight pull back in the manufacturing industry, after a sharp rebound in the resumption of production in April.
  • lazy loaded image

    Overseas property news

    Currently, the total stock available in Mainland China’s office market remains relatively high. According to a market report, around one million square metre of new supply is expected to enter Guangzhou’s office market in 2020, and the new supply comes mainly from Pazhou and the Financial City. Affected by the rising economic uncertainties, the overall office rental market in Guangzhou stayed weak. According to data from a market report, compared to the last quarter of 2019, Guangzhou’s overall office rent dipped 1.5% in the first quarter of 2020, to RMB 174.5 per square metre per month. It is expected that the vacancy rates will increase, and the price and rental levels will be under great pressure in Guangzhou’s office market, given the downward pressure on national economy and an increase of new office supply.
  • lazy loaded image

    Overseas property news

    Affected by the Sino-US trade war and the outbreak of COVID-19, China’s economy has suffered a severe blow, its economic growth is expected to drop between 3 to 3.5% in the first quarter of this year. In addition to the first two months’ PMI exceeding 35.7, real estate development investment was also below market expectations. According to the National Bureau of Statistics, in the first two months of 2020, real estate investment totalled 1,011.5 billion; a decrease of 16.3%, of which the central region’s investment fell the most significantly, reaching 25.9%. The total sales area was 84.75 million square metres, a year-on-year decrease of 39.9%. The average unit price of residential buildings in the first two months of 2020 was RMB9,611 per square metre, a year-on-year increase of 7.4%; the floor space of commercial buildings was RMB828.3 billion, a decrease of 35.9%.
  • lazy loaded image

    Overseas property news

    Due to the COVID-19 outbreak, most property sales offices have closed in mainland China, with almost all real estate sales activities coming to a halt. It’s common for mainland developers to have huge debts, therefore cash flow problems—even temporary ones—can spell disaster for these home builders, even resulting in bankruptcy.
  • lazy loaded image

    Overseas property news

    Subsequent to the previous issue, this column will explain the property market outlook of the Mainland’s first-tier cities. The inventory for Beijing’s commodity housing has now reached a new high after more than eight years. Given that there are concerns of oversupply, future home prices will be under pressure and unlikely to have significant rally. To prevent risks in the real estate market, there is a low possibility of easing in home purchase measures and loan restrictions in the near future. Meanwhile, Shanghai’s overall residential transaction volume is expected to continue its upward trend in the first quarter. As the economic uncertainties appear to be subsiding, home prices of mid-to-high-end housing are expected to continue to have higher annual growth against the overall market. Home demand by upgraders could further be stimulated as driven by the improved market sentiment and as a result of successful land sales at high premiums. Despite the market becoming active, we have ruled out the possibility that tougher housing measures will be introduced in the first quarter.
  • lazy loaded image

    Overseas property news

    Since May 2019, investment in real estate development, new floor space for housing and funds obtained by real estate developers have all showed signs of mild growth. According to the National Bureau of Statistics, from January to November 2019, real estate investment increased by 10.2% year-on-year to RMB 12,126.5 billion; the total area of commodity housing sales was 1.489 billion square metres, a year-on-year increase of 0.2%. The average unit price from January to November 2019 was RMB 9,335 per square metre, an increase of 7.1% year-on-year; the sales of commodity housing reached RMB 13.9 billion, an increase of 7.3% year-on-year.
  • lazy loaded image

    Overseas property news

    Long been a safe investment haven and the premier choice for all levels of investors, the Asia Pacific is looking at its most complex 12 months in years.
  • lazy loaded image

    Overseas property news

    With the world seemingly in turmoil, how will markets respond in 2020, and where are the safe investment harbours?