"Beijing’s en-bloc investment market has cooled down at the moment, with transaction volume showing varying declines across various asset classes. However, with the rollout of supportive real estate policies to boost the market confidence, it is expected that market activity will bounce back soon."

"China's real estate market has entered a new era, where quality, resilience, and prudent growth are essential. In response to profound structural changes and a market under re-evaluation, Savills has released the Chinese Real Estate Market Outlook 2025. This report offers a clearer view of these shifts and outlines the adaptive strategies that market participants can adopt."

"Chinese businesses are expanding globally, evolving from exporting low-value products to high-end manufacturing and e-commerce. Today, they are investing in industrial transformation, shifting from exports to building global production networks."

"Amidst market adjustments, proactive strategies from both landlords and tenants are shaping the future of the office sector. While some tenants leverage early lease negotiations to secure better terms, others lock in quality space well in advance."

"Despite macroeconomic challenges, numerous brands are showing resilience by expanding and adapting to market changes. Key growth opportunities are emerging in niche subcategories, highlighting the resilience and potential within the sector."

"To attract more footfalls, more landlords replaced their  low-sales-per-square-foot brands with new brands already gaining popularity or with more affordable average order values. This works quite well at some malls on the back of the current economic environment and changing consumer behaviour."

"Despite the challenging economic environment, there are signs of increased activity in the investment market. This improvement is driven by the availability of more high-quality assets, continued monetary easing, and asset repricing."

"While market conditions remain challenging, authorities have intensified policy support, indicating a more considerable and coordinated approach to addressing key issues facing the economy and markets."

"The local government has displayed its determination and commitment of stabilising a steady market development in the biggest policy change in 14 years. So far, this has already incubated a surge in site visits to project sales offices and reportedly, purchases during the National Day holiday in Guangzhou."

"Landlords remained proactive in attracting tenants and pursuing market digestions in the face of persistently challenging market conditions."