上海物业市场2009年年中回顾及展望.pdfVIP

C O L L I E R S I N T E R N AT I O N A L | S H A N G H A I Nanjing Grade A Ofi ce And Retail Property Markets Chronicle And Revelation Shanghai Property Market 2009 Mid-year Review and Outlook 上海物业市场2009 年年中回顾及展望 …It was the spring of hope, it was the winter of despair − Charles Dickens − HIGHLIGHTS 报告要点 The stabilization of the China economy, as upheld by growth in do- mestic demand, should offset negative impacts of global recession on the property market. Continuous de-stocking should pave way for a more sustainable recovery of the property market. The central government will maintain accommodative policy in order not to stil e the “green shoots” of property market recovery. Demand-supply imbalance will continuously pose downward pres- sure on rentals in all sub-sectors in the coming year or so. Yet capital value will tend to stabilize in due course, backed by positive medium-term market outlook. Gradual recoup in market confidence coupled with improved accessibility to funding would reinvigorate investors’ interest in H2 2009 and 2010, thus underpinning revival in the investment market. H1 2009 Market Performance Shanghai’s property market maintained steady performance in 上海物业市场2009年上半年发展平稳。由于中央政府经济 H1 2009. Market sentiment improved notably as the central gov- 刺激计划有效减缓了经济下滑势头，房地产市场气氛也有 ernment’s economic stimulus measures have apparently arrested the economic downturn.