1、JLL Value and Risk AdvisoryPRD|August Pearl River Delta Non-bondedGrade A Logistics Real EstateMarket OverviewQuarterly Report Q2 2024201PRDMacroeconomicOverviewPRD Non-bonded Grade A Logistics Real Estate Market OverviewPRD Macroeconomic OverviewSource:National and Local Bureaus of Statistics,JLL V

2、alue and Risk AdvisoryPRDs Share in Chinas Total GDP,H1 20248.6%ZhaoqingFoshanJiangmenZhuhaiZhongshanShenzhenDongguanHuizhouPearl River Delta City ClusterPRDs Share in Chinas TotalPopulation,20235.4%PRDs Share in Chinas Total Retail Sales,H1 20247.8%PRDs Share in Chinas Import&Export Volume,H1 20243

3、GuangzhouGuangdong Province19.8%PRD Non-bonded Grade A Logistics Real Estate Market OverviewPRD Macroeconomic OverviewRegional OverviewPRDs GDP,2019 Q2 2024(Billion RMB)18,98118,32822,08723,17321,81821,51924,31525,12222,49523,458+3.3%+4.0%PRDs Economic Growth RemainedStable in H14PRD Non-bonded Grad

4、e A Logistics Real Estate Market OverviewPRD Macroeconomic OverviewGrowth vs H1 2023Growth vs Q2 2023YoY Nominal Growth,Q2 2024YoY Nominal Growth,H1 2024Source:National and Local Bureaus of Statistics,JLL Value and Risk Advisory1,898 1,833 2,209 2,317 2,459 2,575 2,182 2,152 2,432 2,512 2,661 2,749

5、2,250 2,346 2,476 2,605 2,694 2,392 2,622 2,942 3,033 3,207 201920202021202220232024Q1Q2Q3Q4PRDs Retail Sales,2019 Q2 2024(Billion RMB)8,5988,7118,2088,2417,5798,3858,6449,065-1.4%+1.4%5PRDs Retail Sales Growth SlightlyDropped in H1PRD Non-bonded Grade A Logistics Real Estate Market OverviewPRD Macr

6、oeconomic OverviewSource:National and Local Bureaus of Statistics,JLL Value and Risk AdvisoryGrowth vs H1 2023Growth vs Q2 2023YoY Nominal Growth,Q2 2024YoY Nominal Growth,H1 2024711 642 860 871 920 958 744 750 821 824 904 891 758 838 864 906 920 752 891 896 894 960 201920202021202220232024Q1Q2Q3Q4V