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SOHO China Announced Fully Open Auction Rental Model in the Future
    August 02,2018



SOHO China announced that it will fully open the auction rental model in the future, and all the listings will be leased through auction. On July 31, SOHO China once again took out 4 sets of office commercial listings and 4 sets of SOHO3Q shared offices for rental bidding.

 

 

In the bidding process, there is often a situation where the bid price difference is relatively large. For example, the high price of a work station in SOHO3Q shared office can reach 580 yuan / week, the price difference is more than 200 yuan.

CEO of SOHO China, Pan Shiyi said that As long as it is not an illegal fundraising company, a pyramid scheme company, or a nightclub company, "whoever has a high price will be eligible."

Sharing office is like making clothes. Good brand and service always cost expensive.” Said Pan.

The number of bidding listings to be listed in SOHO China has reached 241, with a housing area of 120,000 square meters, which is expected to generate about 31 million intermediary commissions.
 
Since the development of shared office, it is no longer mainly facing entrepreneurial and innovative companies. For example, SOHO China has turned to medium-sized enterprises and large enterprises as its main customers. At the same time, the rent for shared office space has also partially exceeded the traditional office buildings in the same location.
 
 
"Shared office must be the future development trend." Pan believes.
 
 
About Soho China and CEO Pan Shiyi
 

SOHO China is an Chinese office developer. The company was founded in 1995 by Chairman Pan Shiyi (潘石屹) and CEO Zhang Xin (张欣).

SOHO China focuses on developing properties in the central business districts of Beijing and Shanghai. SOHO China developments are known for their modern architecture, with designs from architects such as Zaha Hadid and Japanese architect Kengo Kuma. The company has developed over five million square meters of commercial properties.

The company uses the name "SOHO" in both English and Chinese contexts.

SOHO China is China's only pure prime office developer. Having shifted from a “build to sell” to “build to hold” strategy in 2012, the company now holds 1.4 million square meters of office space in Beijing and Shanghai for long-term investment.

 

(Source: Jjgle.com)

 

 

 

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