2015-08-04-第一太平戴维斯-天津住宅市场简报2015年第二季度_4页_848kb

Tianjin Residential Market Summary - Q2 2015

Overview

• Due to policies like the housing provident fund reform and relaxed financial measures, Q2 2015 saw a surge in demand, leading to increased residential sales volume and prices.
• Total sales volume rose 63.6% month-on-month to 319.8 million sq m, while prices increased 19.6% year-on-year to RMB 11,576 per sq m.
• Supply increased 30% month-on-month to 267.5 million sq m, though year-on-year同比下降 44.7%.

Serviced Apartment Market

• No new projects launched in Q2 2015; rental demand focused on existing properties like Regent and Renaissance apartments.
• Average vacancy rate decreased 0.3 points to 31.7%, and average rent dropped 2.9% year-on-year to RMB 197.3 per sq m per month.
• Future supply expected with projects like the Fraser House in Nankai and Renaissance apartments in Binhai New Area, adding 100+ units and increasing competition.

High-End Residential Market

• High-end sales prices rose 0.8% month-on-month to RMB 25,400 per sq m, supported by new projects like Rongcheng Lan Yuan and cotton three waterfront residence.
• Price indices showed slight variations by region, with Binhai areas showing moderate declines.

Outlook

• Continued supply of new projects, including serviced and high-end apartments, may exert downward pressure on vacancy rates.
• Overall market expected to remain stable, with prices unlikely to rise sharply due to high inventory and cautious policies.
• Q3-2015 anticipates new launches in Binhai, potentially maintaining the trend of volume increases and price stability.