安永广州写字楼市场纵览2010

GuangzhouCommercialMarketOverviewPresentedby:ColliersInternationalPropertyServices(Guangzhou)CoLtdCommercialAgencyAugust,2010AgendaOfficeMarketOverviewandOutlookCurrentOptionsAvailableNewDevelopmentsPipelineE&Y’sExistingBuilding–CenterPlazaOfficeMarketOverviewandOutlookSignificantincreaseinsupply,particularlyofPremiumGradeofficeCurrentlandsupplyconstraintinNorthTianhecausingPearlRiverCommercialCitytobecomeinvestmentfocalpointOver3to5yeartimeframe,withincreasedGradeAofficecompletions,PearlRiverNewCitytobecomenewcorebusinessdistrictUpto2009,expect2millionsqmofGradeAofficetocomeon-stream,intensifyingcompetition&increasingvacancyOfficeMarketOverviewGradeAOfficeMarketSupply&Demand

Inthefirsthalfyearof2010,PolyCenterwascompletedandapproximately66,370sqmnewGradeAofficeareawaslaunchedintomarket.Thevacancyrateinthisquarterwas15.2%.SeveralGradeAofficeprojectsareconcentratedtobecompletedinthesecondhalfyear,includingOnelinkHui,SouthtowerofG.T.LandPlaza,thusvacancyrateisexpectedtorisewithlargenewsupply.GradeAOfficeRentalTheaveragerentalofGradeAofficein2Q2010wasRMB134persqmpermonth,andthehighestrentalwasstillrecordedinTianhedistrictwithinthreecorebusinessareas.Duetolargeamountofnewsupplyinthenextquartersand2011,theoverallrentalwillfaceadownwardpressure.OfficeMarketTrend越秀区珠江新城中轴线琶洲天河区項目名稱區域落成時間寫字樓總建築面積租/售保利中心珠江新城201066,370只租不售萬菱匯天河區201066,239只租不售全球通大廈珠江新城201096,000總部自用廣州遠洋大廈珠江新城201040,000租賃和銷售雙子塔西塔－國際金融中心珠江新城2010160,000只租不售富力盈信大廈珠江新城201181,470銷售匯美大廈珠江新城201150,887租賃和銷售中洲中心二期琶洲201158,162銷售南港投資項目琶洲201151,748只租不售保利V座珠江新城2011122,096租賃和銷售普惠國際廣場珠江新城2011107,348租賃和銷售太古匯天河區2011123,000只租不售珠江城珠江新城2011147,826只租不售利通廣場珠江新城2011120,000只租不售廣晟國際大廈珠江新城2011102,226只租不售富力盈凱大廈珠江新城2011114,392只租不售僑鑫F1－1項目珠江新城201194,760只租不售富力國際商務中心珠江新城201183,140待定佳兆業中心珠江新城201183,566銷售富力B1－3項目珠江新城201281,000銷售保利A4-5項目－第1棟珠江新城201228,884銷售保利A4-5項目－第2棟珠江新城201258,744銷售保利A4-5項目－第3棟珠江新城201228,884銷售雅居樂B1－7項目珠江新城201288,466待定高盛F1－5項目珠江新城201290,021只租不售高盛F2－3項目珠江新城201259,545只租不售高盛F2－4項目珠江新城2012172,730只租不售三誠B1－1項目珠江新城2013115,580待定恒基海珠廣場專案海珠區2013150,388待定亞太世紀廣場天河區2013108,180專案未啟動永恆I1－3項目珠江新城201338,462專案未啟動獵德村項目珠江新城2014100,000只租不售廣發證券專案天河區201484,151專案未啟動雙子塔東塔珠江新城2014145,000專案未啟動天譽四期發展項目天河區201484,151專案未啟動總計3,203,416OfficeNewSupply2010-2014

LayoutofThePearlRiverNewCityHigh-endResidentialAreaFinancialBusinessDistrictHotel+ResidenceCando+ServicedApartmentAreaCentralAxisThePearlRiverNewCitystartedtoplanitsconstructionin1991.ItisbecomingthecoreareaofGuangzhou’sCBD.Itcomprisesinternationalfinancial,trade,retail,entertainment,administrativeandresidentialservices.WiththeAsianGamebeinghostedbyGuangzhouin2010,GZhasusedPRNCasabasewithfunctionalfacilitieswhichcanstimulateinternationalcultural,communication,andcooperationsuchastheOperaHouse,StateLibrary,CityMuseumandChildren’sPalace.PRNCwillalsoconsistofinternationalfivestarhotelssuchasWHotel,RitzCarlton,GrandHyatt,FourSeasonsHotel,ConradHotelandJumeirahHotel.

CurrentBuildingOptionsAvailable

Districts:

PRNC,TianheandYuexiu

No.ProjectGradeGFAMarketRental(RMB/sq.m/month)OccupancyRateCompletion1GTLandF1-4A300,000100-13025%End20092R&FCenterA120,000120-18060%2007

PRNCOfficeOptionsRentalListLocationMap（PRNC）R&FCenterGTLandCentralAxisCITICPlazaGuangzhouMetro

GTLandF1-4ProjectLocationPeralRiverNewCityNo.ofofficefloorsNorth:22South:20DateofCompletionEndof2009TypicalFloorPlate1,770sqmEfficientRate70%AvailableFloorsNorthtower:9~18/FSouthtower:13~17/FEasttower:7~15FAskingRentalRMB100~130

psmpermonthEst.ExpectedRentalRMB100psmpermonthManagementFeeRMB30

psmpermonthLandlord'sprovisionFullyceilingsystem130mmRaisedfloor,windowcurtainClearCeilingHeight2.8mBuildingOwnershipSingleownershipRemarksFlexiblelandlordw/NamingRightNS

R&FCenterLocationPeralRiverNewCityNo.ofofficefloors55DateofCompletion2007TypicalFloorPlate2,466sqmEfficientRate70%AvailableFloors21~22/F;32~33/FAskingRentalRMB120~180

psmpermonthEst.ExpectedRental32~33/FRMB170psmpermonthManagementFeeRMB29

psmpermonthLandlord'sprovisionFullyIntegratedCeilingSystem100mmRaisedfloorClearCeilingHeight2.8mBuildingOwnershipSingleownershipNo.ProjectGradeGFAMarketRental(RMB/sq.m/month)OccupancyRateCompletion1OnelinkPlazaA66,000100-15020%End2009

TianheOfficeOptionsRentalListLocationMap（Tianhe）OnelinkWalkCentralAxisCITICPlazaGuangzhouMetro

OneLinkWalkLocationTianheRdEastNo.ofofficefloors49DateofCompletionDec.2009TypicalFloorPlate1,500sq.m.EfficientRate70%AvailableFloors5~49/FAskingRentalAvg.RMB100~150

psmpermonthEst.ExpectedRentalRMB100~120psmpermonthManagementFeeRMB29

psmpermonthLandlord'sprovisionFullyintegratedceilingsystemRaisedfloorClearCeilingHeight2.8mBuildingOwnershipSingleownership

YuexiuOfficeOptionsRentalListNo.ProjectGradeGFAMarketRental(RMB/sq.m/month)OccupancyRateCompletion1ChinaInternationalPlazaA118,88890-12070%20072TheCenterPointB18,24780-12020%May2009YuexiuDistrictLocationMap(Yuexiu)CenterPointChinaInt’lCentre

ChinaInternationalPlaza

LocationNo.333rdZhongShanRdNo.ofofficefloors62DateofCompletion2007TypicalFloorPlate2,141sq.m.EfficientRate70%AvailableFloors12F–13F;14F-15FAskingRentalAve.RMB85-110

psmpermonthEst.ExpectedRentalRMB75~85psmpermonthManagementFeeRMB29

psmpermonthLandlord'sprovisionRaisedFloorBuildingOwnershipStrataownership

TheCenterPoint

LocationNo.333rdZhongShanRdNo.ofofficefloors7-18DateofCompletionMay2009TypicalFloorPlate1,520sq.m.EfficientRate70%AvailableFloorsMultipleChoiceAskingRentalRMB80-120

psmpermonthEst.ExpectedRentalRMB60-65psmpermonthManagementFeeRMB26

psmpermonth(TBC)Landlord'sprovisionFullyintegratedceilingsystemBuildingOwnershipSingleownershipNewDevelopmentsPipeline

ForthcomingSupplyNo.ProjectGradeTotalArea(m2)CompleteDate1WestTower(PRNC)A167,0002011F2LeatopPlaza(PRNC)A160,8602011F3PearlRiverTower(PRNC)A169,2432011F4GuangChengBuilding(PRNC)A154,0532011F5KingoldF1-1Project(PRNC)A94,1602011F6TaikooHui(Tianhe)A123,0002011FLocationMap（PRNC）WestTowerPealRiverTowerLeatopPlazaCentralAxisCITICPlazaGuangChengProjectGuangzhouMetroWestTowerAddressPearlRiverNewCityLandlord'sprovisionTBCDeveloperYuexiuCityConstructionGrossFloorArea456,000squaremeters(Officeareais167,000squaremeters)TypicalFloorArea3,000

squaremetersFloors103;Office4~65/FCompletionDate2011BuildingOwnershipSingleownershipLeatopPlazaAddressB2-4PearlRiverNewCityLandlord'sprovisionTBCDeveloperGuangdongLeatopRealEstateInvestmentCoGrossFloorArea160,860

squaremetersTypicalFloorArea2,138squaremetersFloors64floorsCompletionDate2011BuildingOwnershipSingleownershipPearlRiverTowerAddressPearlRiverNewCityLandlord'sprovisionFullyceilingsystemDeveloperChinaTobaccoGrossFloorArea169,243

squaremetersTypicalFloorArea2,310squaremetersFloors71floorsCompletionDateEndof2011BuildingOwnershipSingleownershipGuangChengProjectAddressPRNCLandlord'sprovisionFullyceilingsystemRaisedfloorDeveloperGuoShengRealEstateGrossFloorArea154,053squaremetersTypicalFloorArea2,000squaremetersFloors59floorsCompletionDate2011BuildingOwnershipSingleownershipKingoldF1-1ProjectAddressF1-1PearlRiverNewCityLandlord'sprovisionTBCDeveloperKingoldGroupCompaniesLtdGrossFloorAreaOfficeArea95,000squaremetersTypicalFloorArea21