Research shows that by the end of April almost three-quarters (73 per cent) of the region’s 15 major office markets – including Beijing and Shanghai – recorded a decline in leasing activity, writes Oliver Pickup. There is likely to be a benefit for tenants, with landlords across mainland China and Hong Kong lowering asking rents. The messages about real estate markets in China are mixed, showing no apparent trend, at least concerning leasing activity.

To better understand the picture, MillGens sought out the insight from an on-the-ground expert. Doris Chen, Managing Partner at 10 Design, shares her optimistic outlook of China’s real estate market post-lockdown. Doris believes that the real estate market is robust enough to recover quickly, as the number of COVID-19 cases in China continues to dwindle.