Shanghai's Commercial a Retail Property Market
This week, we explored the latest trends in Shanghai's retail and commercial real estate market with Hoichi Yeung and Kelly Cheng from property advising firm Savills. Hoichi works on Savills' commercial team, while Kelly focuses on cross-border retail. We discussed changing demand in Shanghai's typical commercial districts like Lujiazui as more development is built in areas such as the North Bund, and the enduring popularity of the Former French Concession. We also chat about what's driving a change in the city's master planning for new developments to allow for more green space and how national policies like the dual circulation policy could have effects on China's property market.