"Underpinned by favourable policies, Tianjin housing market is shifting to see more demand. It is also expecting quality projects with reasonable prices, a mainstream in the residential market, and differentiated regional volumes."

"Chengdu’s first-hand residential market experienced supply declines in Q1/2025, down 21.8% in the main urban areas and 19.9% in the suburbs. On the demand side, the first-hand residential market in the main urban area saw an increase in both transaction volume and transaction price."

"Despite a slew of policy incentives and stimulus, many potential property buyers hit a pause to their purchasing as tariff war and heightened trade tensions bring growing concerns about economic and employment stabilities, which may affect their subsequent life quality pledged to mortgage repayment capacity."

"While market conditions remain challenging, Hangzhou’s focus on niche consumer segments continues to drive steady retail growth."

"Hangzhou is harnessingits intangible strengthsto drive tech innovationand economic growth,reinforcing its positionas a leader in bothChina’s and the globalsci-tech innovationlandscape."

"The market starts 2025with a positive net take-upin the first quarter despitethe seasonality and otherissues. But the expectedannual new supply which isnearly one million sqm willsabotage the stability ofthe leasing market thisyear."

"The Beijing en-bloc investment market witnessed a stable start in 2025, with several significant acquisitions completed during the quarter. Office assets continued to be the preference for investors. Educational organizations, listed companies and joint ventures acquired assets that aligned with their specific demand."

"Beijing Grade A office marketkicked off the year 2025 withsteady performance. No newprojects were launched in thequarter, while leasing demandhas continued to pick up,receiving positive absorptionsfor seven consecutive quarters.In the short term, landlords willcontinue the ‘price-for-volume’strategy, and more importantlyrental adjustments will drive upthe market trends."

"Beijing’s retail marketcontinued to prioritizeproject upgrades andrenovations, propelling themarket into a new phase.Enhanced quality of newlylaunched projects, coupledwith the Spring Festivalholidays and consumptionboosting activities, sustainedstrong retail enthusiasm inearly 2025."

"While relatively low consumerconfidence and cautious retailersentiment are already seen on themarket, more headwinds areexpected in the Guangzhou retailproperty market. For example,some retailers who used tosplurge on occupying prime retailspaces at shopping centres tobuild/increase their brandawareness and marketpenetration have graduallystarted to review their storerelocation plans as analternative."