The Industrial Sector Continued To Perform Stably During The Quarter

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China's real estate market finished - the property market in china maintains its growth momentum throughout 200both its major first - tier cities and some second - tier cities continued to substantial development and growth. In the fourth quarter of 2007, massive completion of prime office projects added 460, 000 sm to the existing stock, and the vacancy rate increased by 8 percentage points to 11% .

BEIJING - Each sector of Beijing' s property market expanded in the fourth quarter, average rentals rose. - high quality projects completed this quarter pushed rents up by 8% q - o - q, reaching rmb 191 psm per month. Serviced apartment rents rose by 6% q - o - q to RMB 225 psm per month. The Beijing serviced apartment market has benefited most from the upcoming Olympic Games among luxury residential leasing market sectors. The average rentals of luxury apartments and villas also rose. Some shopping centres and department stores adjusted brands or altered layouts this quarter. Because of the great demand caused by the upcoming Olympic Games, rents for ground and first floor retail space increased by 2% and 4% q - o - q, respectively.

The vacancy rate climbed by 6 percentage points q - o - q to 1% . - the price of industrial land was rmb 1, 222 psm, a 8% rise q - o - q and up 2% y - o - y. Average rental of industrial property this quarter was RMB 51 psm per month, a 2% rise q - o - q and an increase of 3% y - o - y. SHANGHAI - Every sector of the Shanghai property market maintained the positive growth seen throughout 200The Shanghai prime office market continued its positive growth during the fourth quarter, maintaining the trend seen throughout the year. Strong pre - commitment continued, resulting in a further drop in the overall vacancy rate by 2 percentage points q - o - q. Two projects were completed: Plaza 336 and the Chong Hing Finance Centre in Huangpu District, 000 sm to, adding some 54 the market.

Strong demand and tightening vacancy saw average office rentals rise in Puxi and Pudong by 9% and 5% q - o - q, respectively. - during october and november, the average monthly transaction of first - hand luxury residential properties was recorded at 836 units, a q - o - q drop of 27% . Impacted by the macroeconomic measures, the transaction volume of luxury residential properties slipped in the last quarter. Nevertheless, average prices for luxury apartments and villas still witnessed a hike within the quarter. Average rentals for all three types of luxury residential properties were flat. Luxury residential leasing activities slowed as usual during the holiday lull. Both prime ground and prime first floor rents witnessed strong growth of 9% and 7% q - o - q, respectively.

The average rent of industrial properties rose by 1% q - o - q to RMB 33 psm per month in the fourth quarter. - the ongoing tenant mix restructuring in cloud nine and the renovation of some other retail properties led to an increase of 3 percentage points qo - q in the overall prime retail vacancy rate in shanghai to 7% at the end of 200the 42 industrial land plots released in the no. 13 and no. 14 land bulletins have to some extent eased the tightening industrial land supply in shanghai and there has been a slight rise of 1% q - o - q in the average industrial land price to rmb 1, 072 psm. GUANGZHOU - The residential sales market in Guangzhou was slowed by the People' s Bank of China( PBOC) 's new fiscal measures on real estate bank loans and mortgages promulgated at the end of the third quarter. Prime office rents climbed to RMB 105 psm per month, up 5% from three months ago. However, other sectors of the property market continued on a steady growth path in the fourth quarter. Prime office space completed within the quarter totalled 252, pushing the overall, 259 sm vacancy rate up to 14% . A number of residential schemes were completed and handed over in Tianhe District in the fourth quarter.

The average price of luxury apartments hovered at a high level of RMB 16, yet growth was, 956 psm subdued substantially by tightened lending policies. - the leasing market remained stable across all sectors. Rents for ground and first floor space grew by 2% and 6% q - o - q to RMB 48 psm per month and 29 psm per month, respectively. Prime retail rents registered slight rises over the period under review. No new completion was reported in the quarter, and the vacancy rate declined to 4% . The average land price was driven up slightly by 5% q - o - q to RMB 452 psm.

The industrial sector continued to perform stably during the quarter. - rents for industrial facilities remained broadly unchanged across the market. For more useful tips& hints, Points to ponder and keep in mind, techniques& insights pertaining to Google Adsense, Do please browse for more information at our website: - Did you find this article useful?