The index of property prices in Xiamen hits a record high in February
The property prices of commercial buildings in the core area continued to rise. According to statistics from the Rating and Valuation Department, the Grade A office property prices index rose for three consecutive months in February, and the latest report was 549.4 points, up 0.5% month-on-month, hitting a record high. Rents are generally high.
According to statistics from the Statistics Department, the office market trend was satisfactory. The property prices index for all types of office buildings reported at the latest rate of 517.2 points in February, up 0.1% month-on-month, which was a continuous rise for 7 months, a record high.
The most indicative Grade A office property price index also recorded an increase. In February, it was reported at 549.4 points, up 0.5% month-on-month, and a cumulative increase of 1.3% for three consecutive months, a record high.
On the other hand, Grade B commercial buildings rose 1.1% month-to-month, a record high.
The rental index continues to fall at a high level
If it is divided by region, the property prices index of the commercial buildings that belong to the core area rose by 17% month-on-month, and the latest report was 549.4 points, which was the largest increase in the past six months.
As for the office rent index, February reported a seasonally adjusted rent of 242.6 points, which fell by 0.9% month-to-month. It fell for two consecutive months, and remained high as a whole. The Grade A office building was more noticeable, falling by 1.5% month-on-month. Other Grade B office buildings and Grade C offices fell 0.5% and 0.3% respectively.