Beijing grade-A office prices rise in Q1

[BEIJING] Bucking the trend of a cooling down property market across China, rents and sales price of grade-A office space in Beijing edged up in the first quarter, said real estate consulting company DTZ.

Beijing's average grade-A office rents climbed to 301.03 yuan (about S$61) per square metre in the first quarter, up 0.7 per cent from the previous quarter, the company said in a latest report.

In the first three months, the overall average sales price for grade-A office space in Beijing saw a 0.7-per-cent increase over the prior quarter to 63,936 yuan psm.