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Greater Bay Area Primary Residential Transactions Rebounded in June as Market Cooling Measures Eased

Investment Market Driven by SOEs and Private Investors, Logistics Sector to Remain the Focus

  • The central government's introduction of the supportive "517" policy in May 2024 prompted Greater Bay Area (GBA) cities to implement a range of relaxation measures, in turn spurring housing market activity, with primary market home sales rebounding in June
  • Total investment volume in the GBA commercial real estate (CRE) market reached RMB11.9 billion in 1H 2024, accounting for 17% of total Chinese mainland CRE investment volume in the period
  • The GBA investment market was driven by state-owned enterprises and private investors in 1H 2024, with the logistics sector likely to remain sought-after due to capital appreciation potential

HONG KONG SAR - Media OutReach Newswire - 23 July 2024 - Global real estate services firm Cushman & Wakefield today published its Greater Bay Area Residential and Investment Market 1H 2024 Review and Outlook.

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