“In 2024, the Beijing en-bloc investment market faced increasing pressure amid various internal and external challenges and a complex macroeconomic background. The value of different asset classes has been directly or indirectly impacted by fluctuations in the real estate market, leading institutional investors to adopt a generally cautious approach. As a result, market sentiment for investments has declined compared to previous years.”

VINCENT LI, SAVILLS RESEARCH



Beijing investment market remains stable

• In Q4/2024, the total transaction area of the first-hand strata-title office market reached 317,665 sqm, up 61.1% quarter-on-quarter (QoQ), with combined consideration of RMB11.64 billion, up 40.1% QoQ.

• The total transaction area of the first-hand strata-title retail market reached 205,493 sqm, a slight decrease of 1.3% QoQ. The total consideration registered RMB3.35 billion, down 13.8% QoQ.

• In Q4/2024, Beijing en-bloc investment market showed generally stable performance, with the quarterly consideration registering RMB8.02 billion, up 6.4% QoQ.

• In 2024, the total transaction volume of the en-bloc investment market reached RMB32.92 billion, down 7.0% year-on-year (YoY).

• In Q4/2024, grade A office capital values averaged at RMB63,278 psm, and the gross yield was 4.9%.

• A total of 25 land plots were transacted for RMB52.89 billion, of which ten plots were for residential, three for commercial and 12 for industrial.