“En-bloc investments are considered the barometer of the commercial real estate market, directly reflecting investment trends and expectations. In H1/2024, Beijing’s en-bloc investment market continued to post steady performance and the half-year transaction volume outnumbered last year. Looking ahead, commercial real estate’s continued recovery will further boost market confidence and en-bloc investments in the future.”

VINCENT LI, SAVILLS RESEARCH



Transaction volume in H1 recorded year-on-year growth.

• The total transaction area of the first-hand strata-title office market reached 203,294 sqm, down 34.9% quarter-on-quarter (QoQ), with combined consideration of RMB 7.07 billion, down 2.6% QoQ.

• The total transaction area of the first-hand strata-title retail market reached 129,797 sqm, down 18.8% QoQ. The total consideration registered RMB3.41 billion, up 14.5% QoQ.

• In Q2/2024, Beijing en-bloc investment market performed steadily, with the quarterly consideration registering RMB7.72 billion, down 4.4% QoQ but up 30.1% year-on-year (YoY).

• In H1/2024, the total transaction volume of en-bloc investment market reached 15.8 billion, up 26.7% YoY.

• Grade A office capital values registered an average of RMB72,237 psm in Q2/2024, and the gross yield stood at 5%.

• A total of 16 land plots were transacted for RMB39.29 billion, of which six plots were residential, two commercial, seven industrial and one for other purpose.