Global Research

Macau Retail Briefing

November 25, 2014

Macau’s economy grew at a brisk rate of 10.2% in Q2/2014, 2.8 percentage points (ppts) above that of China (7.4%) and 8.0 ppts over Hong Kong. The rebound in external demand as well as capital investment in tourism and gaming facilities are the main drivers of this rapid growth.

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Chongqing Office Briefing - Autumn 2014

November 21, 2014

No new projects were launched onto the market in Q3/2014, allowing vacancy rates to decrease due to steady growth in demand. Rental appreciation slowed, however, as developers concentrated on securing high quality tenants with favourable rent levels.

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Shanghai Residential Leasing Briefing - Autumn 2014

November 20, 2014

MNCs remain cautious regarding expansion and recruitment resulting in demand levelling off.

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Shanghai Residential Sales Briefing - Autumn 2014

November 20, 2014

As supply continued to outstrip demand, unsold first-hand residential inventory kept rising and recorded a new high of 12.6 million sq m by the end of Q3/2014.

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UK Serviced Apartment Report Q4 2014

November 19, 2014

Further brand development will be vital to improving investor and lender confidence in the UK's Serviced Apartment sector.

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Beijing Office 2H 2014

November 18, 2014

Following a similar trend witnessed over the past three years, Beijing’s Grade A office market continued to receive limited new supply in the second half of 2014. Only one new project was handed over adding an office GFA of 56,000 sq m to the market. As a result, Beijing’s Grade A leasable office stock grew to around 9.4 million sq m, remaining the largest market in mainland China. After a slowdown over the past year, demand began to pick up in 1H/2014 as the stabilised local economy created growing demand from domestic companies, particularly private companies. This was evidenced by net take-up rising significantly to 141,000 sq m in 1H/2014, nearly 2.5 times that of 2013.

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Chengdu Office 2H 2014

November 18, 2014

Chengdu is China’s strongest provincial capital and western China’s  technological, trade and financial centre. It has experienced strong economic growth in the last 14 years, with average growth of 13.4 percentage points. According to the Chengdu Statistics Bureau, gross domestic product (GDP) increased by 8.7 percentage points year on year to RMB484.3 billion in 1H/2014. Secondary industry was up 9.4% year on year to RMB225.8 billion, while the auto industry and electronic information product manufacturing industry experienced rapid growth of 27% and 16.9% respectively. Tertiary industry grew by 8.6% year on year to RMB245.8 billion, with financial services increasing by 13.8%.

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Chongqing Retail 2H 2014

November 18, 2014

Chongqing’s retail sales have witnessed stable growth over the last 14 years. From 2001 to July 2014, retail sales registered a nominal compound annual growth rate (CAGR) of over 10.5%. In the first seven months of 2014, retail sales totalled RMB288 billion, with year-to-date year-on-year growth reaching 13.1%, making Chongqing a leader in terms of total retail sales in south western China. The improvement in infrastructure has given momentum to the development of Chongqing’s retail market. By the end of 2013, Chongqing’s metro network had expanded its coverage to 160 km, with lines 1, 2, 3 and 6 operational. According to metro network planning approved by the National Development and Reform Commission, Chongqing’s metro coverage will reach 215 km by 2020. The quality of the metro network system, combined with other modes of transport, is expected to ease transportation and stimulate consumption.

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Guangzhou Hospitality 2H 2014

November 18, 2014

Since 2012, thanks to the entrance of several renowned luxury hotel brands, Guangzhou’s hospitality sector has experienced a period of remarkable development. The Four Seasons, Mandarin Oriental and W Hotel launched their Guangzhou locations within that time, all in Tianhe district. Prior to this, there was only one hotel which could be categorised as a luxury five-star hotel – The Ritz-Carlton Guangzhou, established in 2008. The entrance of the Four Seasons and Mandarin Oriental has undoubtedly undermined the Ritz-Carlton’s edge in Guangzhou’s luxury hospitality sector. Additionally, Guangzhou’s W Hotel was the first W Hotel in mainland China as well as the first boutique hotel in Guangzhou, bringing consumers an alternative hospitality experience. In addition to the aforementioned hotels, Grandview Marriott in Tianhe, DoubleTree by Hilton in Yuexiu and Langham Place in Pazhou were also launched between 2012 and 1H/2014. In all, six five-star h

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