KF: Luxury residential property in Guangzhou yields 3.5% in 4Q15
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that luxury residential property yields in Guangzhou were 3.5%. The average price for luxury residential space transacted was USD6,263 per square metre (psm). Average rents were USD21.60 psm per month. Indicators highlighted by KF for the quarter included the continued absorption of ‘considerable amount of inventories’ and lower sales. Luxury home supply and luxury home sales fell, respectively, by 3.4% and 11% in 4Q15 relative to 3Q15.
Source : KF/ February 2016/Guangzhou/RES