There may be a craze for capital city residential property but office rentals are crashing... due to bad economy? or oversupply? or both?
Superman Li ka-shing spot on again selling his Beijing/Shanghai commercial property before things get bad.
http://www.mingtiandi.com/real-estate/fi...slides-87/
SOHO China to Sell Pudong Office Tower This Month As Profit Slides 87%
(10-03-2016, 10:36 AM)opmi Wrote: [ -> ]SZ 房價年升52% 深圳居民月薪1.8萬買不起樓
http://hkm.appledaily.com/detail.php?gui...e=20160310
Tide is turning??
A chill descends over Shenzhen’s formerly red-hot housing market
The skyrocketing Shenzhen housing market cooled off in March as transaction volumes saw a marked slowdown, signalling an abrupt turn in market sentiment.
Total transactions by area in the nation’s most expensive city decreased 24 per cent to 89,400 square metres last week over the prior week, and fell 10 per cent year on year, according to China Index Academy. That compares to at least 25 per cent year on year growth in three other first-tier cities of Beijing, Shanghai and Guangzhou.
Over the weekend, mainland publication
The Paper reported that second hand home prices were falling, citing the example of a flat that recently sold for a 2 million yuan (HK$2.4 million) discount, representing a 12 per cent cut in price, as the investor who bought the property wanted to cash out as soon as possible.
“The sell off in the second hand market is an important signal to the market, and that can spread to primary market,” said Han Shitong, deputy director of the Guangdong Real Estate Industrial Research Association.