Shantou Special Economic Zone (SEZ) has not seen the same rapid development as other SEZ’s Xiamen, Shenzhen and Zhuhai and property values reflect this. In 2010, rent prices for industrial manufacturing and warehouse facilities within the Shantou SEZ ranged from RMB 6 to RMB 12 per square meter per month. In 2011, the rent prices increased and currently range from RMB 9 to RMB 20 per square meter per month. Utility costs for industrial purposes rose in early 2011 due to power shortages across the nation. Manufacturing facilities throughout the past five years have been growing so quickly that China’s infrastructure has struggled to provide necessary resources to keep up. In some cases, China has cut back production hours so that electricity needs and water demands may be equally met. As China has struggled to meet electricity needs throughout the nation, the cost of electricity, from 2010 to 2011, increased by RMB 0.012 per kilowatt hour ($0.004 per kwh). Utility costs within the SEZ in 2010 averaged RMB 1.7 per cubic meter for water and approximately RMB 0.82 per kilowatt-hour for electricity. By early 2011, the utility costs stood at RMB 1.89 per cubic meter for water and approximately RMB 0.83 per kilowatt-hour for electricity.
Please click here for a list of Industrial Parks in Shantou that are specially developed for foreign investments and often times offer special incentives and/or programs for foreign companies.
A Note on Industrial Parks: Most new and developing industrial parks in China conduct real estate deals in-house instead of using third-party brokerage services.
|CBRE||Global real estate services firm with offices throughout China|
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