• All leasing submarkets recorded strong growth in rents and occupancy rates in the first quarter
  • Real estate investment rose to RMB8.0 billion for the first quarter, up 13.9 per cent year-on-year as developers accelerate development
  • Residential transaction volume fell by 40 per cent in the first quarter to 797,000 sqm as government regulations and seasonal fl uctuations cooled the market
  • Transaction prices rose to an average of RMB22,499 per sqm in the first quarter, up by 8.7 per cent quarter-on-quarter, although March figures indicate that the market may have peaked, with the average transaction price falling 15 per cent month-on-month
  • Government regulations and increasing competition from new projects are expected to encourage developers to set more competitive rates in the future