Forecast total transaction volume to exceed RMB50 billion in 2021 Investors eye on tier 2, 3 cities with appetite for Industrial logistics, cold chain, data centers
- Transaction volume in Guangzhou and Shenzhen exceeds RMB50 billion for four consecutive years, forecast similar volume for 2021 while transactions extend to tier 2 cities in the region.
- Foreign investors increase investment in the Greater Bay Area especially low value assets in Southern China for geo-strategic asset allocation.
- Though transactions are still dominated by traditional industries, the mature transport network favours the development of new property types, with industrial logistics, cold chain, and data centers preferred by investors.
HONG KONG SAR – Media OutReach – 12 August 2021 – Global real estate services firm Cushman & Wakefield announces Greater Bay Area Commercial Real Estate Investment Market Review and Forecast 1H 2021 today. The rapid development of the Greater Bay Area in recent years, coupled with a maturing transport network, has driven industrial transformation and shifts in real estate investment in the region. Apart from Shenzhen and Guangzhou, investors also set eyes on tier 2 cities. Investment portfolios are increasingly diversified to include new types of properties such as industrial logistics, cold chain and data centers, in addition to traditional office buildings and shopping malls.
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