“Beijing’s en-bloc investment market remained stable in H1/2025, with transaction volumes exceeding last year. Apart from end-users, the market focused on cash flow condition. Developers sell their projects to reclaim funds, lower the leverage and improve liquidity, while institutional investors prefer well-managed assets with stable cash flow. ”

JAMES MACDONALD, SAVILLS RESEARCH



Beijing investment market remains steady

• In Q2/2025, the total transaction area of the first-hand strata-title office market reached 232,212 sqm, up 17.2% quarter-on-quarter (QoQ), with combined considerations of RMB6.77 billion, down 2.1% QoQ.

• Total transaction area of the first-hand strata-title retail market reached 82,787 sqm, decreasing by 47.6% QoQ. Total consideration registered RMB2.12 billion, down 34.3% QoQ.

• In 1H/2025, Beijing en-bloc investment market remained relatively stable, with the half-year consideration registering RMB17.66 billion, slightly outnumbering than the same period last year.

• In Q2/2025, Grade A office capital values averaged at RMB58,220 psm, and the gross reversionary yield was 4.9%.

• A total of 19 land plots were transacted for RMB46.97 billion, of which 11 plots were for residential, one for commercial, six for industrial and one for other purpose.