"Guangzhou released new initiative dubbing the city as a gourmet paradise at a global scale. This is expected to raise enthusiasm of the catering business owners in the short term and nurture a better environment for relatedretailers/operators store opening in the mid- to longterm."

"Entry requirement for residential property purchasing in Guangzhou has reached a new low with 15% of lump sum downpayment. The favourable policy environment enticed some prospective purchasers to sign up Sale and Purchase Agreements with developers, marking up the quarterly transaction volume and average price of the Guangzhou residential sales market."

"Policy relaxations are starting to take effect, with both first- and second-hand markets seeing increased demand. However, shortterm market activity remains focused on core areas and the high-end market."

"Footfall numbers continue to improve, but expenditure and retailers’confidence is lagging."

"Shanghai's investment market remains more active than many other parts of the country with strong end-user demand and confident private domestic investors driving the majority of deal flow."

"Emerging areas with quality buildings and competitive rentals managed to absorb considerable relocation demand from traditional areas and achieved over 50% QoQ increase in net take-up."

"Q2/2024, no new supply was launched onto the Wuhan Grade A Office market for three consecutive quarters. Service sector remained active in the leasing market, pushing the vacancy rate down to 38.8%. Limited new supply present destocking opportunities, but the rental decline is expected to persist."

"Wuhan welcomed the opening of Wuchang MixC and Min Zhong Le Yuan in Q2/2024, which brought new retail landmarks and trendy commercial vitality. The city’s high-end retail landscape will continue to benefit from highquality supply such as Wuhan SKP to stimulate consumption needs."

"With robust inbound tourism policies and new retail developments, Hangzhou’s retail market is poised for continued growth, though rental income prospects remain modest in the short term."

"Given the increased options for tenants, landlords of existing projects must focus on amenities and services to differentiate themselves, including proactive tenant engagement and greater responsiveness to client needs."