安永廣州寫字樓市場縱覽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越秀區(qū)珠江新城中軸線琶洲天河區(qū)項目名稱區(qū)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(qū)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(qū)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(yè)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(qū)2013150,388待定亞太世紀廣場天河區(qū)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(fā)證券專案天河區(qū)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(fā)展項目天河區(qū)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