Savills - Asia Pacific Investment Quarterly, Q2 2023

The Savills Market in Minutes report for China provides an overview of the current state of the real estate market in China, with a focus on investment and demand trends.

The report notes that end-use purchases continue to dominate demand, with well-capitalized self-use buyers seeking suitable workplaces driving demand for office assets valued at over RMB1 billion. However, investors' confidence remains weak given the weak recovery in tenant demand. The report suggests that the market needs to see more easing policies to boost economic prospects. 

The report also highlights that China-wide en-bloc transaction consideration provisionally totaled RMB253 billion in the 12 months to 15 Jun 2023, down 23% compared to the previous 12-month period. However, more deals may come to light in the coming months, improving figures by 5-10%. 

Overall, the report provides valuable insights into the current state of the real estate market in China, including trends in demand and investment. It is important to note that the report is for general informative purposes only and may not be used as a basis for any contract, prospectus, agreement, or other document without prior consent.