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The real estate market of Guangxi is
experiencing healthy rapid growth
Sources: China
Project Management website
At the Provincial planning and
construction conference, the Vice President of Guangxi Zhuang Nationality
Autonomous Region Zhang Wenxue pointed out that the general development
situation of the real estate industry in this region is as follows: the
investment drop back on the real estate development is slowing down. The
growth on real estate development scale is diminished. The land supply for
residential real estate development is more and more limited with the
optimized structure of land supplying structure. The real estate credit
grows steadily with slight setback on sales market. The general price of
real estate is level off with small growth on average sales price.
According to analytical statistics
of relevant government department, in the first half of this year, the total
investment on real estate development is 10.6 billion RMB with a growth of
27.1% compared to the same period last year, which is 12% lower on growth
rate by comparison. The commercial residential real estate area is 28.063
million square meters with a growth of 34.8%, which is 13.2% lower on growth
rate by comparison. Private credit loans in total for residential purchasing
are 39.288 billion RMB with a growth of 29%, while the growth rate is 25.28%
lower than the year before. The average price for commercial residential
area is 2,177 yuan/square meter with a growth of 6.9% and 3.3% lower than
the national level at the same time. The current commercial residential real
estate market is well balanced with a slight drop back on market need.
As pointed out, the
real estate industry has become one of the most important leading industries
of this province. In recent years, under the strict macroscopic readjustment
and control, the real estate industry has achieved sustainable healthy
development. In the first half of this year, the income from the real estate
industry is 10.6 billion RMB taking up 6.5% of the total provincial GDP. At
the same time, the provincial government also pays special attention to the
control of the real estate market by stabilizing the prices. Some further
measures include: increase the supply of economic real estate areas. Up till
now, 307 projects for economic real estate areas have been under
construction with a total construction area of 4.62 million square meters.
Build up and develop low-price renting residential areas with more than
5,000 low-price renting buildings available at the end of this year.
Strictly control the removing and rebuild of old town residential areas to
prevent irrational rapid growth on the need of passive need on residential
areas. Develop and optimize real estate market information and alarming
system in order to introduce rational investment and healthy consumption. |