Investment Market Driven by SOEs and Private Investors, Logistics Sector to Remain the Focus
The central government's introduction of the supportive "517" policy in May 2024 prompted Greater Bay Area (GBA) cities to implement a range of relaxation measures, in turn spurring housing market activity, with primary market home sales rebounding in June
Total investment volume in the GBA commercial real estate (CRE) market reached RMB11.9 billion in 1H 2024, accounting for 17% of total Chinese mainland CRE investment volume in the period
The GBA investment market was driven by state-owned enterprises and private investors in 1H 2024, with the logistics sector likely to remain sought-after due to capital appreciation potential