CONTENTS
Executive Summary .........................................................................................................................................5
SWOT Analysis.................................................................................................................................................7
China Real Estate/Construction SWOT ................................................................................................................................................................. 7 China Political SWOT ........................................................................................................................................................................................... 8 China Economic SWOT ......................................................................................................................................................................................... 9 China Business Environment SWOT .................................................................................................................................................................... 10
Real Estate Market Overview ........................................................................................................................11 Real Estate Market Analysis – Office ...........................................................................................................16
Supply And Demand............................................................................................................................................................................................. 16 Rents And Yields .................................................................................................................................................................................................. 16 Table: Historic Rents, 2011-2012, (CNY per m2/month) ..................................................................................................................................... 17 Table: Net Yield, 2011-2012, (%) ........................................................................................................................................................................ 17 Table: Terms Of Rental Contract/Leases – H112 ................................................................................................................................................ 18
Industry Forecast Scenario....................................................................................................................................................................................... 18 Table: Forecast Rents, 2012-2013, (CNY per m2/month) .................................................................................................................................... 18 Table: Forecast Net Yield, 2010-2017, (%) ......................................................................................................................................................... 18
Real Estate Market Analysis – Retail............................................................................................................19
Supply And Demand............................................................................................................................................................................................. 19 Rents And Yields .................................................................................................................................................................................................. 20 Table: Historic Rents, 2011-2012, (CNY per m2/month) ..................................................................................................................................... 21 Table: Net Yield, 2011-2012, (%) ........................................................................................................................................................................ 21 Table: Terms Of Rental Contract/Leases – H112 ................................................................................................................................................ 21
Industry Forecast Scenario....................................................................................................................................................................................... 22 Table: Forecast Rents – (CNY per m2/month) ..................................................................................................................................................... 22 Table: Forecast Net Yield, 2010-2017 (%) .......................................................................................................................................................... 22 Table: China’s Retail Sales Indicators, 2009-2016 ............................................................................................................................................. 23
Real Estate Market Analysis – Industrial ..................................................................................................... 24
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