People familiar with the matter said that Bellaide, a US asset management company, is selling an office building in Shanghai at a price of 30%below the purchase price.
Bloomberg News reported on Monday (January 22) that Berlaide purchased two office buildings in Changfeng, North Bank, which is located on the North Bank of Shanghai Xinxing Central Business District for 1.2 billion yuan (about S $ 224 million) in 2018.The total construction area reaches 27,805 square meters.
At present, Berlaide is seeking to sell a 30%price to sell an office building, reflecting the downturn in the Shanghai commercial real estate market.
It is reported that it is difficult to find buyers in the current commercial real estate market in China, because the economic weakness and excess supply cause pressure on commercial real estate, and other institutional investors have also sold office buildings.
According to the real estate service company Gaoli International Group, the rent of Shanghai's writing building fell to the lowest level in the past quarter.Due to the increase in supply pipelines, this year may decline further.
High -force data shows that the capitalization rate of high -quality office buildings in Beijing and Shanghai last quarter was about 5%, which is the highest level of more than ten years.The increase in capitalization (except for the transaction price of real estate revenue) usually indicates the decline in real estate value.
