日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Residential realty builds on incipient recovery

By WANG YING in Shanghai | CHINA DAILY | Updated: 2020-07-13 07:14
Share
Share - WeChat
A pedestrian passes by a real estate agency in Shanghai, where new home sales are rising. LYU LIANG/FOR CHINA DAILY

Thanks to the effective measures taken in preventing and containing COVID-19, businesses are gradually resuming, and so is the property sector.

"Most Chinese cities in May saw their residential sales recover or even get better than that of a year ago," said Zhang Dawei, chief analyst at Centaline Property Agency Ltd. "The recovery is also appearing in the land market."

According to Zhang, combined land sales in 50 major Chinese cities gained 8.8 percent year-on-year to reach 1.7 trillion yuan ($242.3 billion) in the first five months of this year.

Beijing, Shanghai and Hangzhou of Zhejiang province each saw its land sales surpass 100 billion yuan.

"The increasing land supply, and acceleration in land and new home sales process have helped bolster new home prices in recent months," said Sheng Xiuxiu, research director of JLL China residential sector.

Despite some common factors, each of the top Chinese cities has its peculiar reasons for the improvement in home sales.

For instance, Shenzhen has consistently recorded strong growth over the last year in the pre-owned home market, possibly due to the relatively restricted supply of new homes, while available land for new development in central locations is also relatively limited, Macdonald said.

Industry insiders believe the development of the Guangdong-Hong Kong-Macao Greater Bay Area economy has not only effectively supported Shenzhen's housing prices, but also contributed to the sales of prime real estate there.

"The quality and quantity of a city's talent is a deciding factor in a region's economic development, and their settlement in the city will inspire the demand for medium-to high-level residential properties," said Jiang Peng, senior associate director of research in East China with Colliers International.

Regional integration is likely to bring economic gains through aggregation of the labor pool and boost to productivity. Larger cities are likely to attract regional headquarters of big businesses and organizations, and their senior management will likely boost demand for high-quality homes, Macdonald said.

As land prices rise, it is only natural that developers will target the higher end of the market in order to achieve the right price point to generate a reasonable return on investment.

In Shanghai's case, increased supply of new apartments helped boost sales, and its adjustment of primary and junior middle school enrollment policies supported the sales of pre-owned flats located in better school districts, said Sheng.

Hangzhou's housing market is supported by the rapidly growing technology sector and the jobs and the wealth being created by it and the supporting industries. At the same time, the market has been supported by the campaign to attract talent and corresponding population influx.

Beijing and Guangzhou have had relatively flat markets over the last year and might be viewed as being comparatively affordable.

"Additionally, Guangzhou has a pivotal role in the development of the Greater Bay Area while also being less expensive than its neighbor Shenzhen," said Macdonald.

With LPR (loan prime rate) having remained the same for the last couple of months and a tougher stance of the central government on the property market, experts expect prices to continue to rise but at a slower pace.

"In fact, the growth rates of existing homes in Beijing and Shanghai slowed in June," said Cheng Chong, an analyst with the big data research institute of Shenzhen Fangdd Network Technology Co Ltd, the nation's largest online property trading service platform.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 99热com| 男女一起www免费高清视频 | 片在线观看免费观看视频 | 三级毛片在线看 | 亚洲国产日本 | 国产精品成人第一区 | 国产成人精品免费视频大全最热 | 在线欧美日韩 | 久久国产婷婷国产香蕉 | 久久综合丝袜长腿丝袜 | 欧美色视频网 | 中国一级大黄大黄大色毛片 | 夜夜爽日日澡人人 | 91精品影视 | 成熟自由日本语热亚洲人 | 国产自产拍精品视频免费看 | 亚洲综合图片人成综合网 | 国产精品视频网 | 久久久蜜桃 | 亚洲免费在线视频 | 无码日韩精品一区二区免费 | 日韩一区二区三区在线播放 | 国产91久久精品一区二区 | 国产精品爽爽va在线观看网站 | 99自拍视频在线观看 | 国产日韩一区二区三区 | 91资源在线| 午夜小视频免费 | 亚洲一在线 | 中文字幕亚洲综合 | 日韩一区免费在线观看 | www久久精品 | 那里有毛片看 | 日本黄色激情 | 欧美黄色免费网站 | 国产又黄又猛又粗又爽的A片动漫 | 日本中文字幕在线播放 | 99视频久久精品久久 | 富二代视频污 | 玖草福利视频 | 国产亚洲精品久久久久久久软件 |