Media OutReach
Grade A Offices: Tenant Advantages Deepen with Greater Flexibility and Choice Greater China Top Office Supply/Demand Trends
HONG KONG SAR – Media OutReach Newswire – 28 August 2025 – Cushman & Wakefield, a leading global real estate services firm, today released its annual Greater China Top Office Supply/Demand Trends report. According to the report, at the end of Q2 2025, the total Grade A office inventory in the core markets of the 20 major cities in Greater China we track totaled 72.1 million sq m. In the meantime, total premium core city office net absorption across the Greater China market for the H1 2025 period reached 0.76 million, a 5.5% y-o-y increase.
Of the six major cities in the region — comprising the tier-1 city group, Hong Kong, and Taipei — Taipei registered the lowest vacancy rate at 7.9%. As for the tier-2 city group, Qingdao recorded the lowest vacancy rate at 24.7%.
The supply/demand rundown for 20 city core area-level markets in Greater China (Q2 2025)
Source: Cushman & Wakefield Research
Shaun Brodie, Head of Research Content, Greater China, Cushman & Wakefield said, “For tenants, the Grade A office market continues to present opportunities, with vacancy rates and rental levels remaining favorable. With landlords adopting a more flexible approach amid the gradual economic recovery, occupiers can continue to benefit from attractive leasing terms and greater choice in the market.”
Jonathan Wei, President, Project and Occupier Services, China, Cushman & Wakefield, commented: “In the next two or three years, there will be a peak in supply in most of the major cities in the Chinese mainland region. Landlords will need to continue to strengthen their market competitiveness to attract tenants.”
Beijing
New Grade A office supply in Beijing in 2024 reached 273,000 sq m, a 55% decrease compared with the full-year 2023, making it the lowest new supply level of the past decade. No new supply entered the Beijing office market in H1 2025, with total Grade A office stock unchanged at 13.68 million sq m for the first half of 2025.
From 2024 to H1 2025, softening rental levels, large leasing deals, and pre-leasing at new entrants boosted citywide net absorption to surpass the previous period performance, reaching 511,967 sq m, up 51.9% y-o-y. The overall office market vacancy rate trended down 1.8 percentage points from the Q4 2023 level to 16.87%.
No new supply is scheduled to enter the Grade A office market in H2 2025. We expect the market to continue to digest existing stock, in turn further pulling down the overall vacancy rate. Landlords’ room for rent concessions is approaching a limit, and the overall market is now in a bottoming-out phase. We expect overall office rents to stabilize by the end of 2025.
Shanghai
From 2024 to H1 2025, approximately 1.34 million sq m of high-quality office space launched in the Shanghai Grade A office market, with 56% of the area located in emerging districts.
Over the past six quarters, the Shanghai Grade A office market recorded average quarterly net absorption of 132,266 sq m. The professional services, retail & trade, and TMT sectors were active in leasing, accounting for the top three sectors for leased area. As at Q2 2025, the vacancy rate rose to 23.6%. In turn, the average monthly rental level fell 8.2% y-o-y to RMB 212.6 per sq m.
From H2 2025 to 2027, Shanghai will see 2.58 million sq m of new supply enter the market, representing 14.6% of current stock, with emerging business districts becoming the main supply hubs. Additionally, favorable policy measures for both demand and supply are being implemented, accelerating innovation in strategic emerging industry fields such as integrated circuits, biomedicine, and AI, optimizing spatial layouts, and injecting new momentum into the office market.
Shenzhen
Shenzhen’s Grade A office market welcomed 516,000 sq m of new supply from Q1 2024 through to Q2 2025, bringing citywide total stock to 8.60 million sq m. The new supply was distributed in Qianhai, Luohu and Futian.
Citywide net absorption for 2024 contracted 57.9% y-o-y to record 165,000 sq m. Citywide net absorption in H1 2025 expanded y-o-y but remained at the similarly low level for the same period in the past decade. The citywide overall vacancy rate has risen 1.7 percentage points since the end of 2023 to reach 27.8%. The Q2 2025 monthly average rental level dropped 14.1% from Q4 2023 to record RMB160.1 sq m.
Approximately 1.2 million sq m of new supply is scheduled to enter the market in the H2 2025 period. The overall vacancy rate is expected to continue to rise, and rents will face downwards pressure in the short- term. With the ongoing development of AI, we anticipate that the Grade A office market will see incremental demand growth driven by the further emergence of high-quality technology sector firms.
Guangzhou
From the beginning of 2024 to the second quarter of 2025, new office projects totaling 441,713 sq m of space were completed. Citywide total stock then expanded to 6.94 million sq m. Delayed deliveries have reduced supply in 2024 compared to 2023, although accelerated construction in the Financial City district led to a resurgence of supply in the first half of 2025.
Compared to the end of 2023, the market has experienced a rise in lease inquiries. Occupiers continue to view renovation and fit-out expense incentives as key factors when looking to sign a new lease. Domestic enterprises remain the key drivers of transaction activity, with TMT, professional services, and finance firms, the top three sectors for leased area citywide.
Ahead, 2.39 million sq m of new space is expected to enter the market by 2027. Headquarter-type properties will account for more than half of the new supply. Market demand continues to evolve, with vacancy rates and rental levels remaining under pressure amid fierce competition.
Chengdu
From 2024 through to H1 2025, Chengdu saw 287,554 sq m of new Grade A office space enter the market, expanding citywide total stock to 3.38 million sq m.
Grade A office net absorption reached 67,468 sq m for the 2024 to H1 2025 period. The TMT, professional services, and finance sectors accounted for 26.4%, 19.6% and 16.8% of total leasing transaction volume by area, respectively. From the end of 2023, new supply combined with weakening leasing demand have now pushed up the citywide vacancy rate by 4.4 percentage points to reach 28.8%, while the average monthly rental level has dropped to RMB89.5 per sq m.
Nearly 1.0 million sq m of new supply is expected to enter the market from H2 2025 to 2027. The supply influx, combined with tenants’ cost reductions, is expected to elevate vacancy and exert downwards pressure on rents. Tenants are likely to seize further opportunities for upgrades, renewals, and consolidation.
Hong Kong
More than 194,000 sq m of new supply entered the market from 2024 through to H1 2025, with 44,900 sq m in H1 2025, distributed approximately equally in core and non-core areas. We forecast upcoming new supply to reach 264,300 sq m in H2 2025.
The average quarterly new leased area reached 84,900 sq m in the 2024 to H1 2025 period, 19% higher than the quarterly average for 2020–2023, with the finance sector primarily driving demand. Net absorption recorded 122,000 sq m for the 2024 to H1 2025 period, excluding pre-lease activities at new project developments.
The recovery of the Hong Kong IPO market should help support market sentiment and downstream office demand, particularly from finance and professional services firms. However, the high availability and ample new supply pipeline, with occupiers still cost-conscious, dictates our forecast for overall office rents to drop by 7% to 9% through the full-year 2025.
Taipei
From 2024 through to the first half of 2025, the Taipei market welcomed seven new Grade A office properties contributing approximately 195,700 sq m of new supply — double the figure seen in 2023. This brought the city’s total Grade A stock to 2.80 million sq m.
Net absorption for 2024 to H1 2025 reached approximately 161,400 sq m, primarily driven by the consolidation and relocation of self-use headquarters in the financial and insurance sectors. Multinational corporations accounted for around 80.9% of total leasing demand, up from 51.6% in 2023, indicating a higher proportion of foreign occupier activity during the period.
Over the next three years, Taipei will add around 968,000 sq m of new Grade A supply. With major completions slated from mid-2025, competition will intensify. In response, some landlords are upgrading facilities and offering flexible lease terms, while developers may adjust timelines based on absorption trends.
Please click here to download the full report
Hashtag: #RealEstate #CommercialProperty #OfficeLeasing #GreaterChina #MarketTrends #CushmanWakefield #PropertyReport #UrbanDevelopment
The issuer is solely responsible for the content of this announcement.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (
https://www.linkedin.com/company/cushman-&-wakefield-greater-china).
VinFast’s electric SUV is earning loyalty from Vietnam to the Middle East by fitting seamlessly into real lives, long drives, and daily routines.
HAI PHONG, VIETNAM – Media OutReach Newswire – 16 January 2026 – VinFast’s VF 8 is traveling well, winning over drivers across markets with everyday performance, thoughtful design, and uncommon peace of mind.
A VF 8 owner belong to a relatively exclusive, self-selecting club that its maker VinFast have built across the globe. It is the kind of club formed less by marketing than by shared curiosity and a willingness to move early. Owners tend to recognize one another not by badges or decals, but by the confidence that comes from having made a deliberate choice.
The VF 8 holds a special place for VinFast. It was the brand’s first fully international offering, the vehicle tasked with introducing a young Vietnamese automaker to demanding markets abroad. As a result, the car was designed to travel well. Styled in collaboration with Pininfarina, the VF 8 favors clean proportions over visual noise. Beneath the surface, its dual-motor all-wheel-drive system and 402 horsepower provide performance that feels reassuring.
In Vietnam, the VF 8 has appealed to high-mileage drivers like Nguyen Phuong Hoang Dung, a Ho Chi Minh City-based construction project manager who covers about 5,000 kilometers a month. “When you drive that much, comfort and stability directly affect your health, your mindset, and how well you work,” he said. Having spent years with gasoline cars, he switched to the VF 8 in August 2025, drawn by its smooth throttle response and calm, seamless acceleration. Now, with more than 20,000 kilometers behind him, he said, “The more I drive it, the more confident I am that choosing the VF 8 was the right decision.”
As the VF 8 expanded into North America and Europe, it increasingly settled into a simpler role: a dependable everyday vehicle. Robert, who has driven his for more than a year and a half, said it has been “a great vehicle,” adding that “you will not find another this size in the price range they offered it.” For Jonathan, the VF 8 fits neatly into daily routines. “For us it’s a city vehicle with short rides every day, and it answers our needs,” he said. “Very comfortable, impressive performance, good in snow, and strong overall.”
In the Middle East, the VF 8’s appeal sharpens as VinFast pairs the car with ownership benefits that are rare in the segment, including complimentary maintenance coverage for five years or 100,000 kilometers. These are not small details in markets where peace of mind often matters as much as design. “The maintenance package made the decision easy,” said an owner in Dubai. “You know exactly where you stand.”
The idea of a VF 8 community is beginning to take shape. Across markets, it connects drivers in Vietnam, Europe, North America, and the Middle East through a shared understanding of what modern electric ownership can be. Thoughtful design. Capable performance. A clear push toward sustainability without asking drivers to compromise their routines.
For those inside the club, the VF 8 is not simply a statement car. No, something even better. A car that makes sense, day after day, in very different parts of the world.
Hashtag: #VF8 #VinFast
https://me.vinfast.com/enThe issuer is solely responsible for the content of this announcement.
Media OutReach
ONYX Hospitality Group Partners with Yee Fung Group to Launch “Y Hotel Nanshan Shenzhen”, Expanding its Portfolio in China
ONYX Hospitality Group oversees renowned brands including Amari, OZO, Shama, and Oriental Residence across key destinations in the Asia–Pacific region. This agreement marks another significant milestone in strengthening ONYX’s presence in the Chinese market. Scheduled to open in Q4 2026, the hotel supports ONYX’s long-term growth strategy as it works toward its target of managing more than 75 properties by 2030.
Mr Yuthachai Charanachitta, Chief Executive Officer of ONYX Hospitality Group, commented: “This collaboration reflects the strong confidence Yee Fung Group has in ONYX, following our successful partnership in managing Y Hotel Hong Kong. It represents a significant step forward in building on that success and further expanding ONYX’s presence in the Greater China market. At the same time, this partnership reinforces ONYX’s position as a distinctive ‘Regional Player’, well-positioned for stable and sustainable growth across the region.”
Y Hotel Nanshan Shenzhen featuring 82 thoughtfully designed guest rooms and suites, located within YEE FUNG PLACE on a strategically significant site surrounded by key national infrastructure. The area is supported by five major national sea and land ports, including Shekou, Chiwan and Mawan, servicing more than 150 shipping routes. It is also situated at the heart of one of China’s leading innovation and industrial hubs, home to sectors such as integrated circuits, artificial intelligence, biomedicine and the marine economy, alongside more than 50 specialised industrial parks.
Y Hotel Nanshan Shenzhen is ideally suited for leisure travellers, offering convenient accessibility just 35 minutes from Shenzhen Baoan International Airport and 31 minutes from Shenzhen North Railway Station, and only 650 metres from Lilin Subway Station. The surrounding area features vibrant food markets and nightlife destinations such as Nanyi Fang, Shekou Sea World, Green World and Houhai, as well as cultural and recreational attractions including Shenzhen Poly Theatre, Shenzhen Talent Park, Nanshan Museum, Nanshan Park and Shenzhen Bay Park. Guests will also find leading shopping centres nearby, including Walmart, Xinhe Shopping Plaza, Garden City, Haiya Mega Mall, Coastal City and Shenzhen Bay MixC.
Furthermore, the hotel is located close to the headquarters of major national technology companies such as ZTE, Tencent, Huawei, Alibaba, Han’s Laser and Mindray, as well as Shenzhen University, positioning it as both a relaxing retreat and a strategic hub for business travellers seeking comfort alongside a distinctive lifestyle experience.Hashtag: #ONYXHospitalityGroup #YeeFungGroup #YHotel #HospitalityManagement #HotelManagement #LifestyleHotel
https://www.linkedin.com/company/onyx-hospitality-group/
https://www.facebook.com/ONYXHospitalityGroup
https://www.instagram.com/onyxhospitalitygroup/
The issuer is solely responsible for the content of this announcement.
About ONYX Hospitality Group:
ONYX Hospitality Group, a reputable force in Southeast Asia’s hospitality industry, operates a collection of comprehensive yet complementary brands – Amari, OZO, Shama and Oriental Residence – catering to the distinctive needs of discerning business and leisure travellers in Southeast Asia where their expertise lies. In addition to its brand portfolio, ONYX Hospitality Group also operates additional hospitality services across spa and food and beverage. With over five decades of management experience, the company extends its innovative solutions throughout the region, upholding internationally recognised standards and ensuring optimal operational manoeuvrability. By fostering enduring relationships with like-minded business partners, ONYX Hospitality Group delivers unparalleled experiences in a dynamic and competitive market, meeting the ever-evolving demands of travellers.
More information: 
www.onyx-hospitality.com
More Compact Size, Greater Power Output
The AFERIY Nomad1800 keeps the same battery capacity while boosting power output by 50% through system and structural optimization. Weighing 11.6 kg, it is about 10% lighter than the previous model.
Despite its lighter design, it delivers 1800 W rated AC output (peak 3600 W), powering appliances like rice cookers, kettles, car refrigerators, and induction cooktops for camping, RVs, and home emergencies.
Fast Charging: 0–80% in 36 Minutes
The Nomad1800 adopts a hybrid fast-charging solution supporting both AC grid power and solar input. It can charge from 0% to 80% in just 36 minutes, significantly reducing charging time. This fast-charging capability allows the Nomad1800 to adapt to short stops, travel intervals, and unexpected power outages, providing users with efficient and predictable energy support.
Safe and Durable LiFePO₄ Battery
The Nomad1800 is equipped with a 1024 Wh lithium iron phosphate (LiFePO₄) battery supplied by EVE Energy. After more than 4,000 charge and discharge cycles, the battery retains up to 80% of its capacity.
An intelligent BMS monitors voltage, current, and temperature to ensure safe, stable operation even under high load or fast charging.
Industry-Leading Seven-Year Warranty
AFERIY offers the Nomad1800 an industry-leading seven-year warranty on core components and systems, reflecting confidence in its quality, safety, and durability.
Comprehensive Power and Safety Protection
The Nomad1800 features multiple output ports, enabling simultaneous power supply to multiple devices. It also supports UPS functionality, switching within 10 milliseconds during grid power interruptions to protect sensitive equipment such as computers and routers.
Under low-load operation, noise levels remain below 30 dB. In addition, the unit includes built-in LED lighting and an SOS flashing mode to enhance safety during nighttime and emergency use.
For more information, please visit the official AFERIY website or AFERIY on Amazon.
Hashtag: #AFERIY
The issuer is solely responsible for the content of this announcement.
About AFERIY
AFERIY is a global brand focused on portable energy storage and clean energy solutions, committed to providing efficient, safe, and reliable power for outdoor activities, home emergency use, and professional applications.
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