China’s manufacturing powerhouse, Guangdong province, has reported a GDP growth rate of just 3.9% for 2025, falling short of the target for the province of 5%. While the figures have only been released for a few provinces/regions, Guangdong appears to be on the lower end. Manufacturing hubs Shandong and Zhejiang both announced 5.5%, while Shanghai […]
Category: Property
Premium office rents in Guangzhou dropped 10.1% in 2025, logging their sharpest annual decline since 2010, reports Caixin. This comes as cost-cutting firms vacated prime locations in favor of lower-priced alternatives. The vacancy rate in the city climbed to 21.2% by the end of the year, up 2.4 percentage points, according to data released Tuesday by […]
Prices for existing homes in China’s four major cities continued to drop in December, reports Caixin, which says this is a sign that recovery remains elusive despite a slower pace of monthly declines. Data released Monday by the National Bureau of Statistics showed that prices of second-hand homes in Beijing, Shanghai, Guangzhou and Shenzhen dropped 7% […]
Real estate brokerages in China’s major cities are urging owners of existing homes to lower prices to spur sales transactions, reports Caixin. This comes amid a property market downturn which shows no signs of easing. Some of the price cuts have developed into “systematic and organized practices,” with some real estate agents even significantly lowering the […]
More economy and mid-range hotel operators in China are leasing office buildings for conversion to guest accommodation, reports the South China Morning Post. Such flexible, mixed-use approaches are expected to increase amid a continued weakening of the office market. In some Chinese cities, the practice of multiple hotel brands co-leasing separate floors within a single building […]