《市场透视--北京高档住宅市场》.pdfVIP

Property Times Beijing First quarter 2005 2005 A quarterly overview of Beijing residential market Contents Market Review 1 Supply 1 Rental and Vacancy 2 Sales 3 Market Outlook 4 Market Review The overall residential market warmed up in Q1 2005 with growth in demand for all kinds of residential properties. New supply in serviced and leasing apartment market was seen. The high-end leasing apartment market was relatively active this quarter. Its occupancy went up sharply. Serviced apartment market remained steady. Vacancy rate of high-level villas went up because of new supply. In terms of government policies, the Peoples Bank of China adjusted commercial banks self-support mortgage loan policy. The new policy suggested to control the lower-limit on commodity housings mortgage lending rate and to increase the minimum down payment in cities or areas where real estate prices are rising too rapidly. Supply With regards to serviced apartments, one of the two buildings of Marriott Executive Apartments Palm Springs-Beijing entered the market this 1 quarter. Other new projects, such as Beijing Golf Palace and Park Avenue, also entered the high-end leasing apartment market this quarter. However, many are for owner-occupation and only a few units are available for leasing. As for the villas, although new projects such as Grand Hi