Dear Valued Client，
In 2020 Q3, net absorption in Guangzhou grew by 54% QOQ as the economy recovers. Shored up by the increasing leasing activities, Pear River New City (PRNC) office market is stabilizing. We recommend Technology, Media and Telecom (TMT) tenants to lock in favorable terms in Pazhou, while other tenants with high-quality requirements can look for pre-leasing opportunities in PRNC.
Alan Fung has joined Colliers International as Managing Director for South China. Alan is a seasoned real estate veteran, with more than 28 years’ experience in leasing, advisory and transaction services. Over his career, Alan has been responsible for providing professional services to numerous large scale projects in Hong Kong and Southern China, as well as helping domestic and multinational corporations address their property and investment needs. In addition to his duties as MD for South China, Alan will also oversee our South China Office Services business.
