"In H1/2025, the market experienced weak demand. Despite alleviated destocking pressure from supply decline, insufficient demand hindered a full market recovery, and rents continued to fall. Professional services and the financial sectors were the main demand contributors."

"As a result of several waves of supply peak in the past ten years, Chongqing‘s shopping malls stock has been consistently rising. Despite the diversification of retail projects, competition between existing projects has intensified, and the absorption of retail space is becoming a major challenge for the market."

"In Q2/2025, Tianjin’s housing market showed stabilized sales volume and price, but regional divergence intensified. The land auctions saw significantly increased activities, with multiple quality plots sold in 1H/2025, and the total transaction levelled last year’s volume. Underpinned by quality land supply and supporting policies, Tianjin’s real estate market is expected to remain stable."

"In 1H/2025, first-hand commodity housing transactions in the Primary Ring increased by 10.6%, reaching 3.29 million sq m. This surge, driven by strong demand and rapid inventory reduction, pushed the average price up by 6.5% YoY. Meanwhile, the land market in this area remained active, while the Secondary Ring faced price pressure."

"While the overall leasing market was relatively calm, some Tech Giants’ office relocation brought about disruptions to the market and, together with the impacts of new completions, the citywide average vacancy rate increased."

"HPF policy ease and quality supply with premium locations should help unleash some residential property purchasing power to the market in the coming Q3/2025."

"While overall market sentiment remained subdued in Q2/2025, prime locations continued to attract interest, both in terms of project launches and land bidding. This reflects growing polarisation in buyer demand and developer focus."

"While the overall leasing market was relatively calm, some Tech Giants’ office relocation brought about disruptions to the market and, together with the impacts of new completions, the citywide average vacancy rate increased."

"The younger generation of shoppers today are looking for more than just products—they want experiences that make them feel good and reflect their identity. Brands that can create emotional connections are more likely to stand out, build lasting loyalty, and drive repeat purchases, even in the current market. "

"In 1H/2025, the Chengdu Grade A office market saw weak demand and negative net absorption. State-owned enterprises leased out previously self-occupied buildings, diversifying supply. Weak demand and high supply pushed up vacancy rates and lowered rental levels."