国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Editor Choice

China's commercial real estate woes

(chinadaily.com.cn)
Updated: 2009-10-09 16:39

In Beijing, the oversupply of commercial space will force down rents and occupancy rates, says Rodman. This will increase the risk on defaults on bank loans to real estate developers and affect future real estate investment prospects. "As developers find it more difficult, there is a potential for some of them to turn to the strata-title market ( those sold and rented by different landlords by floor or unit, similar to condominium ownership models) or look for (institutional investors that buy an entire building)."

In contrast, in Shanghai, "companies are occupying the space," according to Macdonald. "The oversupply is by no means an accident. There are expectations for immense growth in Shanghai over the next 10 years, and having available office space for companies will be an essential part of ensuring the economy can grow."

Although tough times may still lie ahead, the government's stimulus package will spur growth in demand for office space by domestic companies, says Hu. Foreign enterprises investing in China, especially in sectors relatively unaffected by the recession such as renewable energy and pharmaceuticals, are expected to need office space in Beijing, while auto and electronic manufacturing will benefit from the increasing consumption in China in the long term.

"The huge amount of supply building up is not the main problem, rather the weakened economic conditions that have affected demand is," says Macdonald. "As with the rest of the world, China is putting immense effort into maintaining growth. It is widely believed these efforts will help to get the economy expanding again and once it does, demand for office space will return to normal." The central government's goal of making Shanghai an international financial center by 2020 won't hurt either. It should "further brighten the office market's long-term vision, although the current oversupply is not likely to be alleviated in the immediate short term," he says.

Over the next two years, 30 projects totalling more than 2.5 million sq m (27 million square feet) of mid-to high-end retail space will be launched, says Macdonald. "Given that the annual take-up volume between 2006 and 2008 was 800,000 sq m, vacancy rates should continue to rise over the next two years, especially given that the rate of expansion has slowed since the start of the year," he says.

"The amount is increasing and development is taking a longer term view. Although some projects have been delayed … the next couple of years are still expected to see supply schedules met," he notes. "The supply issue is likely to remain for at least the next three years."

Reproduced with permission from Knowledge@Wharton, http://knowledgeatwharton.com.cn. Trustees of the University of Pennsylvania. All rights reserved.

   Previous Page 1 2 3 Next Page  

永川市| 乌兰浩特市| 凉城县| 峨山| 张家界市| 调兵山市| 乐亭县| 乐至县| 嘉定区| 曲麻莱县| 临颍县| 隆德县| 武宁县| 石嘴山市| 龙南县| 兴海县| 苏州市| 宝鸡市| 偏关县| 乳山市| 日土县| 集安市| 晋江市| 从化市| 习水县| 顺义区| 嵊州市| 上蔡县| 榆中县| 文化| 阿城市| 炎陵县| 金阳县| 合作市| 二连浩特市| 义马市| 宜都市| 沙坪坝区| 麻江县| 景泰县| 阜康市|