Investment Sentiment in Greater Bay Area Residential and CRE Markets Remains Cautious
- Written by Telegraph Magazine
Development Projects, Industrial Parks and REITs Gain Traction
- Primary market residential sales in the Greater Bay Area (GBA) strengthened in 1H 2023 compared to the same period last year, with the improvement mainly seen in Q1, while the secondary market experienced downward pressure
- Total investment volume in the GBA commercial real estate (CRE) market reached RMB28.2 billion in 1H 2023, accounting for 31.5% of total mainland China CRE investment volume in the period
- Local capital and self-use buyers are the key drivers in the GBA investment market, with industrial/business parks and China Real Estate Investment Trusts (C-REITs) gaining traction.
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