KF: Luxury residential property in Shanghai yields 2.8% in 4Q15
In its Greater China Property Market Report for 4Q15, Knight Frank (KF) noted that luxury residential property yields in Shanghai were 2.8%. The average price for luxury residential space transacted was USDx13,480 per square metre (psm). Average rents were USD29.00 psm per month. At the end of the quarter, the vacancy rate was 6.2%. Indicators highlighted by KF for the quarter included a 440% rise in new luxury home supply (to 800,000 square metres) in 4Q15 versus 4Q14 and a 61% rise in new luxury home sales to 385,400 square metres in 4Q15 versus 3Q15.
Source : KF/ February 2016/Shanghai/RES