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Reimagining Real Estate 2020

China Real Estate Market - 2020

Report

Reihe: Savills Spotlight

Anbieter: Savills

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  • Erscheinungsdatum : 15.01.2020
  • Seiten : 11 Seiten
  • Datei-Typ : PDF-Datei
  • Größe : 1,24 MB
  • Sprache(n) : Englisch

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Inhalt

served the country well in the past, helping to propel China to global prominence, but it now seems to have run its course. As the domestic market matures, the global economy slows and demographic undercurrents weigh on the economy, a new approach to real estate and the built environment needs to be taken.

Traditional asset classes—office, retail, residential, hotel and industrial—have in many instances seen supply outstrip demand, pushing up vacancy rates, while values have exceeded rents, pushing down yields. Many projects were outdated and unfit for purpose by the time they were completed as developers and planners continued to adopt tried-and-tested approaches to new builds. These developers failed to grasp that society evolves and did not keep pace with regulatory and market changes.

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