Shanghai property deals to increase amid active bargain hunting: JLL

Quick Summary:

Landlords are willing to reduce prices while high-net-worth individuals pursue safe returns amid deflationary pressure.

In November, retail sales fell 13.5 per cent from the same period in 2023, exacerbating a bearish outlook for the city, dubbed as China’s economic locomotive.

The proportion of foreign investment climbed to 12 per cent from 6 per cent.

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets: Hong KongChina

Topics: Growth Year Property Economic Cent Market Landlords Shanghai Last China Price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-12 @ 11:30:27 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 329 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 25073693

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About SCMP

Main Topics: Business

Official Website: scmp.com

Update Frequency: 2 posts per day

Year Established: 1903

Headquarters: Hong Kong

News Last Updated: 10 hours ago

Coverage Areas: Hong Kong

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