KF: Luxury residential property in Beijing yields 2.8% in 4Q15
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that luxury residential property yields in Beijing were 2.8%. The average price for luxury residential space transacted was USD10,064 per square metre (psm). Average rents were USD23.7 psm per month. At the end of the quarter, the vacancy rate was 12.3%. Indicators highlighted by KF for the quarter included greater interest in property investment on the part of HNWIs who were concerned about the slowing economy and volatile stockmarkets, as well as increased focus on the luxury segment by developers.
Source : KF/ February 2016/Beijing/RES