2012一季度上海房地产市场回顾英文.docVIP

11th Floor, Tower 2, Prosper Center, No. 5 Guanghua Road, Chaoyang District, Beijing 100020, P.R.C. 北京市朝阳区光华路5号院 世纪财富中心2号楼11层 邮政编码：100020 FOR IMMEDIATE RELEASE ( 16 April, 2012 For further information: Karen Chen Director Marketing Communications, China CBRE Office: (86-10) 8588 0691 karen.chen@ Claire Zhang Manager Corporate Communications, Northern China CBRE Office: (86-10) 8588 0683 claire.zhang@ CBRE Launches Shanghai Property Market Overview Outlook Q1 2012 April 16, 2012 Shanghai – CBRE released Shanghai Property Market Overview Outlook Q1 2012 recently. According to this report, office market of decentralized locations in Shanghai witnessed increasing severe competition, and it is estimated that, 75% of annual office space will be delivered in decentralized locations. The average rents of Shanghai prime retail properties and logistic facilities were projected to see a further increase, while impacted by home purchase restrictions and the Chinese Spring Festival, Shanghai high-end residential market was lukewarm in the first quarter. Office market During the first quarter of 2012, Shanghai office market was characterized by rising activities in decentralized locations in aspects of both of supply and demand. Three new projects were delivered to provide 137,037-sm of new space, while all of them are located in secondary office locations in Zhabei, Hongkou and Xuhui waterfront area. Green Tech, located in Zhabei district, is one of the new projects. The building has been well recognized by multinational and domestic companies for its high specifications and much cheaper rent than Grade A properties in downtown submarkets. Upon its delivery, the building has secured a number of whole-floor tenants such as Novartis, Jinjiang Kirin, and RICH’s, with a pre-commitment rate of around 50%. In addition, other decentralized quality buildings also witnessed active demand. Kerry Parkside, for instance, has several large leased concluded within this quarter. T