On April 18, Dade & Walk released the "Kunming Real Estate Market Review Report for the First Quarter of 2019", analyzing the development status and trends of the property markets such as residential, office buildings, and commercial. The report shows that in the first quarter, affected by the superposition of multiple policies, Kunming's real estate market was in a stage of stable and healthy development, with housing prices slightly rising by 1.8% compared with the previous quarter. Dard & Bank believes that as the cost of buying a house becomes increasingly high, the era of products that are mainly needed in the residential market in Kunming will gradually be replaced by improvement products. It is expected that the new projects in the future will be mainly improved products such as large apartments.
Regulatory policies continue to maintain stability. Kunming is in a stage of stable and healthy development.
Since 2016, Kunming's residential market has performed actively and housing prices have continued to rise. In 2018, Kunming's residential regulation policies were introduced and increased twice. The multiple policies of sales restrictions, purchase restrictions, price restrictions and loan restrictions were superimposed, and the price increase was immediately suppressed and entered a stable period. In the first quarter of 2019, the city's housing prices were 13,050 yuan/square meter, a slight increase of 1.8% from the previous quarter.
The total transaction volume in Kunming was 1.0885 million square meters, an increase of 37% over the same period last year. The market demand is active, resulting in spillover of demand. Guandu District has won over 40% of the demand in the Kunming residential market with a transaction volume of 396,900 square meters, becoming a popular choice for home buyers.
Regarding the trend of the residential market in Kunming in 2019, Mr. Xie Pucheng, director of the comprehensive agency service department of the West China District of Ded Leungxing, believes: "The cost of buying a house is getting higher and higher, and the demand structure of customers has quietly changed. The era of products that are mainly for urgently needed in the residential market in Kunming will be gradually replaced by improvement products. It is expected that the new projects in the market in the future will be mainly improved products such as large apartments, and the overall market will be in a stable development trend."
government helps promote building economy office building market prospects are promising
In order to achieve the transformation of economic development mode and enhance the comprehensive functions of the city, Kunming continues to give full play to its geographical and industrial advantages to promote the further development of the building economy. There was no new supply in the first quarter of 2019, and the stock of Kunming's high-quality office building market remained at 1.29 million square meters. With the volume of about 300,000 square meters brought by the Wanda Twin Towers of Xishan District, the stock of high-quality office buildings in Xishan District has been pushed to a high of 640,000 square meters, ranking first among the five districts; Panlong District, which attaches importance to the development of the building economy, has a large number of office buildings, second only to Xishan District. As the first quarter was the traditional off-season for transactions in the real estate market, some office buildings used the method of reducing rents in exchange for volume to attract tenants, resulting in a slight decline in rents this quarter to 96.6 yuan/square meter/month, a month-on-month decrease of 3.4%.
In terms of the tenant industry, Kunming office tenants are still mainly in the financial services industry and real estate industry. At the same time, with the continuous optimization of Kunming's business environment and the gradual increase in international influence, it is expected that more and more professional service companies, Fortune 500 companies and Fortune 500 companies in the country will choose to settle and invest in Kunming.
For the future development of Kunming's high-quality office building market, Xi Fang, director of the office building department of Ded & Fighting Chengdu Company, believes: "Benefiting from the active promotion of Kunming's district governments, Kunming's building economic construction has been continuously optimized and upgraded. In the future, the improvement of Kunming's industrial energy level will give the market greater development space. The demand for high-quality tenants is expected to continue to increase, and the market leasing capacity will continue to strengthen, which will gradually reduce the vacancy rate of high-enterprise. On the other hand, with the continuous improvement of tenants' quality, the pursuit of high-quality properties will become stronger. Kunming's office buildings is becoming more and more mature, and the quality of the original product quality will improve, and this situation just cateres to the needs of tenants, further adding hope to the vigorous development of the market."
new quality commercial entry is about to be in progress. Promote the upgrading and transformation of Kunming's market
With the opening of the first phase of Joy City at the end of 2018, nearly 40% of the first stores, flagship stores and specialty stores have settled in Kunming, injecting fresh vitality into the Kunming retail commercial market and greatly enriching the fashion of the market.Although no new projects were unveiled in Kunming in the first quarter, Kunming's high-quality retail property market is expected to usher in a number of large-scale high-quality new projects including Joy City Phase II, Hang Lung Plaza, and Botai APM. Kunming's "one urban center, multiple regional centers" business pattern will be more prominent, and the business atmosphere in various regional business districts will become increasingly strong.
Affected by the adjustment of individual commercial markets, Kunming's high-quality retail commercial rent rose by 1.54% from the previous quarter to 469 yuan/square meter/month. Zhongshi District, which has a good business atmosphere, mature commercial facilities and convenient transportation, has a far ahead with a rental price of 968.27 yuan/square meter/month, an increase of 1.17% compared with the fourth quarter of last year.
Ms. Qian Feng, director of the Commercial Real Estate Department of Chengdu Company of Ded & Fighting, believes: "With the rapid development of business districts in various regions, the focus of the retail commercial market in Kunming has begun to gradually disperse, and the city has blossomed at multiple points. Except for traditional commercial districts, the other four regional business districts are expected to usher in 1-2 new projects into the market this year, and the development model of multiple business districts is significant. The competition for new projects shows that the attractiveness of Kunming's market has increased and its potential is huge. The ever-improving business quality is also expected to improve Kunming's current business landscape. . In addition, the entry of a large number of retail brands and developers in the future will bring new operating concepts and operation capabilities to Kunming, promote high-quality commercial development at the source, and vigorously promote the upgrading and transformation of Kunming's high-quality commercial market."
About data source: Kunming's land market data comes from the official data of Kunming Land and Resources Bureau and the China Index data, economic indicator data comes from the official data of Kunming Statistics Bureau, and Kunming's residential market data we use CREIS data. The comparative analysis and calculation of relevant data is based on the data analysis system of D.C. As an international consulting agency,
. In the office and commercial property markets, our research data in more than 300 offices in more than 70 countries around the world are based on a unified database system, which can be said to be produced by D.C. From the establishment of databases, the formulation of standards, and the selection of samples, they will be based on the specific situation of each market, and at the same time comply with the CW process and standards.
In addition, Ded Asphalt has been in China for 25 years. At the beginning of entering, we were well aware of the importance of data to market research and development. Therefore, our research department has been committed to improving its own database, professional analysis system and first-hand data information sources in the market.
Dade Benchmark
Dade Benchmark (NYSE: CWK) is a world's leading real estate service provider, creating excellent value for customers through real estate solutions that combine local insights and global perspectives. As one of the world's largest real estate service providers, Ded & Bench has more than 400 offices and 51,000 professional employees in more than 70 countries around the world. In Greater China, our 20 branches work together to lead the market development and won four annual awards of China Region: comprehensive strength, leasing and sales agency, evaluation and research for two consecutive years in 2017 and 2018. In 2018, the company's operating income reached US$8.2 billion, and its core businesses cover property management, facility management, project management, leasing agency, capital market and consulting services. For more details, please visit www.cushmanwakefield.com.cn or follow our WeChat (Dade & Walk).
[Follow the Toutiao account Leju to buy a house and seize the good opportunity to buy a house. 】
