News

Dahongqiao Will Usher in the Next Golden Decade as It Has Risen to the National-Level Strategic Position

Transmit

The Hongqiao Business District Office Building Market Monitoring Report

for the First Quarter of 2021 is officially released 


Major Events

The State Council approved the Overall Plan for the Construction of Hongqiao International Open Hub, which clarifies the development pattern of "One Core, Two Belts" and calls for the two key points of "Integration" and "High Quality".
On February 22, the National Development and Reform Commission officially announced the Overall Plan for the Construction of Hongqiao International Open Hub. According to the Overall Plan for the Construction of Hongqiao International Open Hub, the Hongqiao International Open Hub will be fully completed by 2035, forming a functional layout of "One Core, Two Belts".

The Overall Plan for the Construction of Hongqiao International Open Hub clarifies the development pattern of "One Core, Two Belts", and establishes the strategic position of Dahongqiao as a regional center; the Yangtze River Delta has steadily deepened its integration, which makes Dahongqiao rise as the core of the Yangtze River Delta; on the whole, Dahongqiao has a positive external development environment and a promising prospect.


Rental Market

The core area's development and construction have been nearly perfect, and the rental performance has been steadily improved.
After several years of development and construction, the core area construction of the Hongqiao Business District has been nearly completed, and the West Hongqiao area is in the development and construction period. The South Hongqiao area, which has been brewing for a long time, Hongqiao Qianwan, has also released its plan in the first quarter. The largest and most complete area to be developed in the Dahongqiao area has officially started development.
At present, the main leased projects in the Hongqiao Business District are concentrated in individual delivered projects in the core area and West Hongqiao.
The core area is the best location in the Hongqiao Business District, and it is also the area with the earliest development and currently the most complete development. It has the most mature business atmosphere in the Hongqiao Business District. Moreover, due to its early development time and complete supporting facilities, the core area has the best rental performance in the Hongqiao Business District, especially represented by Vanke Center and Hongqiao Tiandi, which can be called regional benchmark projects in terms of rental performance, occupancy rate, product quality, project management, and customer quality.

Policy orientation and plan implementation have increased the focus of customers in the import and export trade and the medical and health care industries on the area.
In terms of customer categories, as the regional comprehensive economic partnership (RCEP) effect begins to appear, Dahongqiao, as an import and export trade undertaking center, has attracted increasing attention of enterprises in related industries.

In addition, the Hongqiao Qianwan Plan was officially released, and the Qianwan area is about to enter an accelerated development period. As the infrastructure and supporting facilities are gradually improved in this area and the construction of the new Hongqiao International Medical Center advances, the enterprises in the medical and health care industry have increasing interest in this area.


Active Project in the Q1-2021 Leasing Market of the Hongqiao Business District
Hongqiao Core North Area - Hongqiao International Exhibition Center

 


Sales Market

The office sales market in Hongqiao Business District has remained highly active for a long time. Self-use customers and local government areas in the Yangtze River Delta region support the market.

From January to March, a total of eight projects were sold in the area, with a total transaction area of about 50,000 square meters, and an average transaction price of 64,170 yuan/square meter.
The Hongqiao Business District has a large office supply volume and a large number of saleable projects. Moreover, it is located in the core area of the Yangtze River Delta, relying on the Hongqiao Transportation Hub to radiate across the country. Therefore, it has always been a hot and active spot in the office sales market.
From the perspective of customer categories, the Hongqiao Business District has attracted a group of Jiangsu and Zhejiang enterprises to settle down by virtue of its unique location and favorable policy; on the other hand, local governments have successively purchased office properties in this area for the purpose of investment promotion.


Active Project in the Q1-2021 Sales Market of the Hongqiao Business District
Phase I of Hongqiao core area - Hongqiaohui


Transmit takes root in Hongqiao, and its regional advantages are increasingly prominent

In July 2020, Transmit's Hongqiao branch was formally established. As a pioneer in the industry, Transmit has seized the opportunity to take root in Hongqiao. Based on years of intensive cultivation in the local business field and professional interpretation of the market environment, Transmit will actively play the role as an expert of professional real estate industry chain solutions, and make every effort to help enterprises settle down in Hongqiao and enjoy Hongqiao's development opportunities.

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