戴德量行咨询报告.pdf

Property Times Residential Market
Shanghai
Winter 2004 2004
A quarterly overview of Shanghai's residential market
Contents

Market Overview 1

Leasing Market 3

Sales Market 6

Market Outlook 7
Market Overview
Leasing Market

After experiencing three quarters of consecutive growth, the

Shanghai high-end residential leasing market in Q42002 began

to see a slump as the holidays approached and business
activities and working expatriates decreased significantly.

Adversely affected by the approaching holidays, in Q42004 the
persistent overheating villa market cooled down a bit, showing a
decline in both the average asking rental and occupancy rate.

The two indicators have fallen from US$ (the

highest level) and % in Q32004 to US$ and

% in Q4 2004 respectively.
Compared with the slight drop in the villa and non-service
apartment sectors, the service-apartment sector suffered a
steep drop in both average asking rental and occupancy rate
due to drop in the number of conferences and budget cost
among tenants. As a result, the average rental and occupancy 1
rate fell by US$ and % respectively in the
quarter.
In contrast with the performance in the service apartment and
villa sectors, the non-service apartment sector witnessed a
slight growth in both the above indicators, thereof the
occupancy rate increased % to % and the average
asking rental also increased US$ to US$.
Leasing Market
Supply
New Leasing Supply 2004Q4

Project Green Garden Hotel Somerset LakeSide Villa

District Pu Dong XuHui QingPu

Location 328 Wei Fang Road 888 South Shan Xi Road 1517 HuQingPing Highway

Type Service Apartment Service Apartment Villa

Unit Number
42 167 123
Unit Area (sqm)
68-108 65-176 268-580
Completion Date


Asking Rent(US$/Unit/mth)
1,70