In december 2025, a chip design company listed at the cottex+hongsang co-operation centre spent $709. 7 million on the purchase of an entire building in the former deep sea co-operative zone (phase ii) in the southern mountains, with an area of 25204. 97m2 (comprising 23. 7 million m2 office + 1535m2 business, equivalent to 3. 5 standard football fields) at an average price of $28,000/m2, significantly below the market offer of $41,000/m2 in the region (a discount of $13,000 per square metre and several hundred million in the province)。
2. High premium auctions at industrial parks closed: 21 people fighting for the furda plant
On 26 december 2025, 11 properties (including office buildings, factories, dormitories, etc.) in the furda industrial park in fokyong street, bouan district, comprising a total of 558 thousand m2 and almost eight large football stadiums, were auctioned through ali's assets, and after 110 bids and 89 postponements, they were finally sold at $544 million, more than double the fare (102. 69 per cent premium) and attracted 21 people to sign up for the auction。
Iii. Vendor strategy: price-for-money, flexible liquidity in the core area
1. A half-floor writing building in jiangsu building, fukuda centre (with an area of approximately 620 m2, sold at $16,000/m2, at a total cost of $9. 96 million (less than 10 million can be taken down from the core area), tax charges, negotiated cancellation of the lease, market rent of about $130-140/m2/month, with a return on rent of more than 5. 2 per cent (with a lease of more than 5. 2 per cent per annum, compared with a lot of financial calculations)。
2. The entire writing building in the starland age building in the fukuda central area (the building area 1223. 84 m2, 16 title deeds) was sold at a total cost of $2. 83 million/m2, at a practical rate of 80 per cent, with an air garden of 100 m2 (equivalent to the delivery of a small yard) and is currently under a short-term lease of $130/m2/month for a market rental rate of 6 per cent (6 per cent per annum steady and attractive)。
Iv. Trends in the shenzhen writing complex, 2026-2030
(i) supply side: additional over 5 million m2 over the next four years, increased de-escalation pressure
According to the ded leung project, the planned supply of the shenzhen a building in 2025-2029 will exceed 5 million square metres (equivalent to more than 700 football field sizes), combined with the existing stock of 9. 082 million m2, which will increase market competition and will remain the dominant operation in the rental market. Retail business packages will also be expanded simultaneously, with an additional 1. 57 million m2 of high-quality shopping centres (more than 20 new medium-sized malls) to attract customers by “high-value plus specialty scenes (e. G. Net-red card points)” over the next three years, or the flow will be looted by other malls。
(ii) demand-side: technology and cross-border industries as core engines
- lease demand dominated by the science and technology industry: the tmt industry (technologies, media, communications) contributes about one third of the rent demand, the ai, semiconductor, consumer electronics enterprises are actively moving towards greater and better office space as a result of the expansion of their operations, the former sea and south mountain science and technology parks, where the demand for rental housing is relatively strong
- cross-border electric operators lead to large-scale trade: branding, cross-border electricians and supply chain enterprises, with more cases of large office rents and shenzhen serving as a cross-border trade hub for the bay of hong kong, will continue to be released
- respond to flexible office demand: start-ups and smes prefer “short lease plus full” flexible office space (e. G. Conference rooms, cafés) and the related service providers are becoming more active and promoting innovation in the business model of the writing building。
(figure source network)
V. At the end
Under pressure from shenzhen’s market in 2025, “offloads of supply, rents down”, reliance on “low rent, sale” alone is not a long-term solution. For business owners, while the scarcity of core assets is the basis, fine operation is the key to sustaining stability across the market cycle - • operating assets can attract high-quality tenants, maintain high rental rates and even achieve premium rates, even if the overall rent is under pressure。
Over the next five years, 5 million m2 of new businesses will become the core competitiveness of business owners. Rather than responding to competition with passive price reductions, it would be better to fine-tune the asset into a high-quality target of “tenners willing to come, stay and pay” - both to resist overall rent pressure and to achieve sustained and stable rent gains through high rent rates and continued rent rates, making business assets truly a “cycle-resistant, steady return” configuration。
