In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that it expects prime office prices in Beijing to track sideways in 1Q16. Rentals are expected to fall through the first three months of 2016. Major sales transactions in Beijing during 4Q15 included seven units in the Greenland Centre in Chaoyang, for USD27mn or USD6,942 per square metre, and eight units in Ocean Crown in Chaoyang for USD56mn, or USD10,700 per square metre. Major leasing transactions involved lower levels in Tower A of Pacific Century Place in Chaoyang (6,000 square metres @USD39.20 per month) and the 20th floor of Tower A of Gateway Plaza in Chaoyang (1,500 square metres @USD54.80 per month).

Source : KF/ February 2016/Beijing/OFF