戴德梁行2009年第一季上海房地产报告.pdfVIP

Property Times Q1 2009 Contents 01 Overview 03 Office 09 Residential 13 Retail 17 Industrial 25 Notes and assumptions All data are based on gross floor area unless otherwise specified. Overview In 2008, Shanghai’s GDP growth rate was 9.7% year-on-year 200813,698.15 (y-o-y) and total GDP reached 1,369.815 billion. Compared 9.7% 20073.6 with 2007, the city’s GDP growth was down 3.6 percentage 2009 points in 2008. From January to February 2009, the total volume of imports and exports, the total industrial output and 4% 2009 the total retail sales all showed a marked decrease in Shanghai. Real estate development investment increased only by 4% during the same period. This downward trend will 20085 place pressure on Shanghai’s GDP growth for the overall year. 12.25% 5.31% 10 In 2008, the People’s Bank decreased the interest rate on five 2009122.4% consecutive occasions with the aim of stimulating consumption and reducing the financing costs of companies. 2009 2 Now the one year deposit rate is down to 2.25% and the one 10.2% 9.9 year lending rate is down to 5.31%. Both the deposit and loan 2009 interest rates are now at the lowest level they have been for the past ten years. Meanwhile, total investment in fixed assets 20091 in Shanghai increased only by 2.4% y-o-y from January to February 2009 and this is an ind