——Increase in Office Demand Yearly due to the Gathering of World’s Top 500 Enterprises

Overview and Current Status of Chengdu’s Offices

• As of December 31, 2013, the number of Chengdu’s international airlines and foreign consulates ranked No.1 in all cities of Western China. In the same year, Chengdu became the 4th city where 72-hour transit visa exemption policy was adopted after Beijing, Shanghai and Guangzhou.
• So far, 252 of the world’s top 500 enterprises have settled in Chengdu.
• 2013 was a year in which Chengdu made a breakthrough in conferences and expositions because 2013 Fortune Global Forum and the 12th World Chinese Enterprises Convention were hold in Chengdu respectively in June and September of 2013, making Chengdu the world’s only city where two world famous events occurred in the same year up to now.

All facts mentioned above show the rapid development of Chengdu. For investors all over the world, Chengdu becomes a city providing countless business opportunities and potential fortunes. Therefore, Chengdu’s commercial market is booming.

Chengdu is chosen for both global enterprise and business events not only for attractive returns but also for convenient administrative environment. In fact, Chengdu has become one of the sub-provincial cities keeping the fewest administrative examination and approval items in China.

Reasonable Price of Chengdu’s Offices in the Next Few Years Due to Increasing Supply and Demand

2013 Commercial market Supply and Demand Review

Except for office buildings such as Raffles City and IFS in downtown, other existing office building projects of Chengdu are mainly centralized in southern Chengdu, covering an area of 1568700m2. Office buildings for sale include Chengdu INTIME Center, New Hope International, East Hope Center, The World Is Flat, Forte International Plaza, Seaton International Plaza and so forth. However, eastern Chengdu has the fewest office buildings (such as ICC) in stock, covering an area of 195600m2 and accounting for only 7% of the total unoccupied office units. In the first half of 2013, New Century Global Center ranked No.1 in terms of office building area sold, with an average monthly transacted area of nearly 20000m2.

According to Chengdu’s “two axes” planning, office buildings at South Renmin Road and its extension will mainly be used as management headquarters and operation headquarters of various Chinese and foreign brand enterprises, multinational enterprises and the world’s top 500 enterprises as well as regional headquarters and operation management centers of companies of financial, insurance, information consultation and other industries.

Prospects

With the development of Chengdu, more and more Chinese and foreign strong enterprises and investors will be attracted to Chengdu. Meanwhile, to further improve high-level talents’ enthusiasm of starting their business in Chengdu, “Chengdu Talent Plan” has been carried out consistently. Hence, the public believes that Chengdu commercial market will have a bright future with the government support.