Liu Minxia

    mllmx@msn.com

    SHENZHEN’S land shortage, industrial upgrading and urban renovation are resulting in rising prices for industrial properties in the city, and it’s the best time for investors to buy into these properties, Jones Lang LaSalle’s Shenzhen branch said in its latest report.

    “Compared with commercial real estates and residential properties, industrial properties in Shenzhen pose more opportunities for investors,” said Zhang Ning, an industrial property manager with Jones Lang LaSalle’s Shenzhen branch. “There is a limited supply of industrial properties and a rising demand for such properties in the city. Moreover, such properties can be used for different purposes and have high and steady investment returns. Especially now, more factors have contributed to price increases.”

    Shenzhen’s land shortage is forcing developers and the government to make full use of industrial properties to develop commercial and residential projects while a growing number of top high-tech companies are choosing to headquarter in Shenzhen, contributing to the demand for industrial land, according to Zhang.

    During the urban renovation, prices of some industrial properties rose more than 50 percent, according to Zhang.