高力国际 2012 Q1 北京商铺市场.pdfVIP

1Q 2012 | RETAIL Beijing The Knowledge Report Beijing Retail Property Market ★ 北京商铺物业市场 Market Overview 市场概览 The economic fundamentals in Beijing remained 北京本季度经济基本面保持相对积极，本地居民 fairly positive, with local residents’ disposable 可支配收入和消费支出录得两位数的增长，分别 income and consumption expenditure logging in 同比上升11.7%和12.4%。同期，北京社会消费品 ECONOMIC INDICATORS 经济指标 double-digit growths, up 11.7% and 12.4% y-o-y, 零售额同比增长14.3%，至一季度末，累计达到 Growth Trends respectively. Meanwhile, Beijing’s retail sales 1,836亿元。获得经济增长的支撑, 北京2012年第 expanded by 14.3% y-o-y, to RMB183.6 billion as 一季度中高端购物中心物业市场发展大致平稳。 China GDP* 8.1% of end-1Q12. Supported by the economic growth, 尽管总体空置率有小幅上扬，但大部分商圈的租 Beijing GDP* 7.0% the development of Beijing’s mid- to high-end 金继续上涨，投资回报基本保持不变。 Beijing CPI* 3.7% Current Bank Rate 7.05%^ shopping centre property market was largely Retail Sales* 14.3% stable during 1Q12. Despite a small uptick in the Disposable Income* 11.7% overall average vacancy rate, rents in most Consumption Expenditure* 12.4% catchments continued to grow, and investment returns remained largely unchanged. * Data as of end-1Q12 ^ 5-year term lending rate