亚太区於第2季度内的总吸纳量有所增长，高於过去五年的平均值，但仍较2008年第2季度，即金融海啸前的高峰期的吸纳量为少； In the second quarter of the Asia Pacific region in the total XiNaLiang increased，Higher than the average of the past five years，But still a second season in 2008，Namely the financial tsunami at the height of the XiNaLiang before the for less；

　　报告覆盖的34个主要写字楼市场中，有20个的写字楼租金在2012年第2季度保持平稳或有下调； The report covered the main office in 34 market，There are 20 office rent in the second season in 2012, or have held steady decline；

　　香港及新加坡顶级商厦的租金下跌，预料两地租金在下半年仍有下行压力； Hong Kong and Singapore's top malls rent fell，Expected in the second half of the rent two still have downward pressure；

　　北京、雅加达及上海是2012年迄今亚太区内租金增长幅度最高的市场； Beijing、Jakarta and Shanghai is 2012 in the Asia Pacific region to increase the rent of the highest market；

　　曼谷、悉尼及东京的租金开始重拾升势，租户宜争取时机，尽快与业主重订租约。 Bangkok、Sydney and Tokyo began to restore the upward trend，The tenant appropriate for time，With the owner recreate the lease as soon as possible。

　　虽然欧元区债务问题持续，但第2季度亚太区的写字楼租赁需求却较预期为佳，各市场的总吸纳量超越上一季度度数字，增至200万平方米，高於过去五年的平均值150万平方米。然而细看各地市场，仍会发现彼此表现不一。新加坡丶雅加达及东京的吸纳量非常强劲，但例如香港及印度市场则因为租户心态较淡，导致吸纳量下降。

Although the eurozone debt problems persist，But the second quarter of the Asia Pacific office leasing demand has the better than expected，The market's total XiNaLiang beyond quarter degrees Numbers，Increased to 2 million square meters，Higher than the average of the past five years 1.5 million square meters。However scrutinize market all over，Still will find each other different performance。Singapore Jakarta and Tokyo re-edit XiNaLiang very strong，But such as Hong Kong and India market because the tenant is lighter mentality，Lead to XiNaLiang decline。

DTZ戴德梁行2012年第2季亚太区租金波幅 DaiDeLiang DTZ do 2012 season 2 Asia Pacific rent fluctuation

　　在报告覆盖的34个主要市场中，大部分（20个）在第2季度的租金皆为稳定或出现下调。在香港及新加坡的金融行业集中的区域，写字楼租金因着租赁需求减少而下降。胡志明市的租金持续下降，主要由於租赁需求有限，未能填满市场的供应，令空置率居高不下。澳大利亚方面，珀斯市场受惠於能源行业的强劲租赁需求，以及供应非常紧绌，致令该市的租金按季上升了3.4%。珀斯以外的其他澳大利亚市场，本季租金则大致不变。

In the report covers the 34 main market，most（20）In the second quarter of the rent is stable or appear cut。In Hong Kong and Singapore's financial industry concentrated area，Office rentals less demand by leasing and decline。Ho chi minh city's rent continue to decline，Mainly due to the limited demand lease，Failed to fill the market supply，Make the vacancy rate remains high。In Australia，Perth market benefit from the energy industry's strong leasing demand，And supply very subdued，To make the city's rent by season rose 3.4%。Perth outside of the other Australian market，This season the rent is almost the same。

　　东京市场在第2季度出现回升迹象，净吸纳量较上季升了一倍以上，这是由於去年日本东北部大地震後，各项复苏经济的措施刺激了日本的经济增长。尽管东京在第2季度有大量新写字楼供应，令空置率升高，但顶级商厦的租金仍然按季微升了0.3%。预料写字楼空置率将於下半年回落，为租金升势提供更大的支持。

The Tokyo market in the second quarter signs appear picks up，Net XiNaLiang is JiSheng on more than doubled，This is because the last northeastern Japan's massive earthquake，The economic recovery measures to stimulate the Japan's economic growth。Although Tokyo in the second quarter with a lot of new office supplies，Make the vacancy rate is increased，But top malls rent still press season edged 0.3%。Expected vacancy rate in the second half of office buildings will fall back，For the rent to provide more support upward trend。

　　去年印度尼西亚的投资评级回升，该国经济增长表现亮丽，国民收入增加，同时吸引了更多外资进驻或扩充在印度尼西亚的业务，特别以石油丶天然气等能源业丶商品及零售货品行业最为明显。种种利好环境，令雅加达市场的租赁亦回复活跃，顶级写字楼租金按季上升12.5%，空置率则跌至8.5%。

Indonesia's investment rating rise last year，The country's economic growth performance and bright，National income increase，At the same time attracting more foreign investment or extended in Indonesia in the business，Special oil gas and energy to re-edit re-edit goods and retail goods industry is most obvious。Good environment of，Jakarta market to lease has come back to active，Top office rentals by season rose 12.5%，The vacancy rate, dropped to 8.5%。

　　印度七个主要市场的甲级写字楼总吸纳量按季下跌18%，至610万平方呎，是自2009年第4季度以来最低的吸纳量水平。鉴於印度经济放缓，以及欧元区前景持续不明朗，印度租户亦趋向审慎，以致预租数字大跌。资讯科技及相关行业丶银行丶金融服务及保险行业仍然是印度七大主要市场中租赁最活跃的行业，但他们的总吸纳量仍然低於之前数季的水平。不过，由於供应不多，空置率仍有一定下降，故此租金水平保持不变。

India seven main market of grade a office always XiNaLiang press season down 18%，To 610 square feet，Since 2009 the lowest since the fourth quarter XiNaLiang level。Given India's economic slowdown，The eurozone and prospects for not clear，India also tend to prudent tenants，So that the rent digital controls。Information technology and related industries bank financial services and re-edit re-edit the insurance industry is still seven major market in India leasing the most active in the industry，But their total XiNaLiang remains below the level of the season before number。but，Due to supply much，The vacancy rate is having some decline，Therefore the rent levels remain unchanged。

　　虽然受到外围经济影响，但中国大陆市场在第2季度的营商信心仍然强劲，国内企业纷纷租下最优质的商厦，令北京及上海的吸纳量保持稳健。国内企业扩充步伐加快，同时为了提升其企业形象和地位，故对市场上最优质丶最顶尖的商厦趋之若鹜，成为写字楼租赁的主力需求。北京丶上海等一线城市的写字楼租金固然受到带动而上升，同时在重庆及大连等二线城市，新落成商厦入市，租金叫价亦较高，但仍然受到国内企业所青睐，推动二线城市的租金在第2季度出现双位数字的增长。

Although the economic impact by peripheral，But mainland China market in the second quarter business confidence remains strong，Domestic enterprises have rented the best quality of the malls，To Beijing and Shanghai XiNaLiang of steady。The domestic enterprise expansion to speed up the pace，In order to enhance the enterprise image and status，So the market the best quality of the top malls re-edit lining up，Become the main office rental demand。Beijing first city than Shanghai office rent is driven by rising，At the same time in chongqing and the second city，The newly completed malls market，The rent is higher offer，But still got the domestic enterprise place favour，Promote second city in the second quarter of the rent in the growth of the double digits。

　　香港是本年上半年大中华地区唯一录得负吸纳量的市场，除了金融行业租赁需求转弱外，大陆企业来港上市的数目减少，亦对写字楼吸纳量构成影响。中环的租金在第2季度按季下跌了3%，而自2011年第3季度以来，中环的租金已下跌了14%。

Hong Kong is in the first half of the year in the greater China region only a record of negative XiNaLiang market，In addition to the financial industry needs the lease weaker，Mainland enterprises to reduce the number of Hong Kong listed，Also XiNaLiang constitute the influence to office building。In the second quarter of the central rent quarterly fell 3%，And since 2011, since the third quarter，The rent of central have dropped 14%。

　　与香港相比，新加坡在第2季度的吸纳量有所提高，由於东南亚市场的发展日益成熟，支持商业发展，而新加坡亦是外商进驻，以进一步扩充东南亚业务的首选之地。不过，面对租户态度审慎及实际空置率仍在一定的水平，新加坡的业主亦面对减租的压力，故此，新加坡顶级商厦租金按季下跌了3%，下半年的走势预期仍是向下。

When compared with Hong Kong，In the second quarter of Singapore XiNaLiang improved，Due to the development of southeast Asia market increasingly mature，Support business development，And Singapore also is in foreign，To further expand southeast Asia the first choice of the business place。but，Facing the tenant careful and practical attitude vacancy rate is still in a certain level，Singapore's owner also face the pressure of the rent，therefore，Singapore's top malls rent by season fell 3%，In the second half of the movements are expected is down。

　　DTZ戴德梁行大中华区研究部主管纪言迅先生表示：「第2季度，香港的顶级写字楼租金持续下降，但跌幅已较之前数季放缓。其他大陆市场方面，广州由於供应过多，导致顶级商厦租金下跌，但在非核心市场的租金却录得升幅。相对来说，北京及上海的租金持续上升，虽然北京在第2季度的租金升幅仅为4.2%，对於一个经常录得双位数字租金升幅的市场来说，北京最近一季的升幅已算温和，而预期未来数季北京也会保持这种温和的租金升幅。回顾过去数年，北京的顶级写字楼租金自2009年第2季度至今总共上升了126%，对於一直忍受租金飊升的租户来说，未来可望得到喘息的机会。」

DaiDeLiang DTZ do research in the greater China region JiYan competent said Mr Newsletter："Second quarter，Hong Kong's top office rents continue to decline，But was smaller than the number of slow season before。Other mainland market，Guangzhou due to supply too much，Lead to top malls rent fell，But in non-core market rent but a record increase。relatively，Beijing and Shanghai rents continued to rise，Although the Beijing second quarter in the rent increase is only 4.2%，For a record often double digits increase the rent for the market，Beijing has recently a season of the increase is mild，And the number of expected future Beijing will be the season of mild increase the rent。Looking back on the past few years，Beijing's top office rentals from second season in 2009 in total so far, rose by 126%，For has been suffering 飊 litres of tenants rent it，The future is expected to get a break。"

　　展望未来，DTZ戴德梁行预期北京丶雅加达及上海将於各市场中录得本年最高的租金升幅。DTZ戴德梁行亚太区预测主管白丽琪称：「北京和上海将可倚重特别是来自国内企业的强劲租赁需求，令租金稳健上升。北京市场的供应将持续紧绌，而租户入驻率较高，加上只有大约半数的新供应将会招租，令供应量进一步紧张。上海的新供应入市进度则相对理想，新入市项目招租情况乐观，预期上海的写字楼租金仍会上升，但升幅会较为温和。雅加达方面，租赁需求坚实加上新供应缺乏，将对租金上升带来支持。」

Looking to the future，DaiDeLiang DTZ do expected Beijing and Shanghai will send Jakarta in the market ZhongLu have to the highest rent increase this year。DaiDeLiang DTZ do forecast BaiLiQi said competent in Asia Pacific region："Beijing and Shanghai will come from the domestic enterprises relying heavily on especially strong leasing demand，Make the rent steady rise。Beijing market supply will continued stringency，And the tenants in rate is higher，With only about half the new supply will be for rental，To supply further nervous。Shanghai new supply progress is the relatively ideal entry，New entrants project for rental situation optimistic，The Shanghai office rentals expected would continue to rise，But the increase will be moderate。In Jakarta，Lease demand and supply the lack of solid new，Will rise to rent some support。"

　　DTZ戴德梁行亚太区研究部主管蔡楚芬总结道：「DTZ戴德梁行研究部的租金波幅图表中，可以看到曼谷丶悉尼及东京的租金正重拾升势，故现时就是这些市场的租户重订租约的最佳时机，特别是在东京市场，经过两年多的租金下调後，第2季度出现微升的苗头，因此我们预期东京写字楼租金将於下半年进一步上升。悉尼及曼谷市场由於缺乏新供应，将租金上扬亦有支持。」

DaiDeLiang DTZ do Asia research director CaiChuFen concluded："DaiDeLiang DTZ do research department's rent amplitude chart，Can see Bangkok and Tokyo re-edit Sydney rent is renewed upward trend，So now is the market tenants recreate the lease optimal opportunity，Especially in the Tokyo market，After more than two years of rent after cut，The second quarter appear at the first hint of < mu > l，So we expected Tokyo office rentals will rise further in the second half。Sydney and Bangkok market because of the lack of new supply，Will rent up also have support。"