The real estate market is flourishing in 2004

Source:  www.yunnan.cn

The economy grows, the income has been increased and living condition has been improved. Now, the housing consumption has become a hot spot for the consumers and the real estate industry is becoming the leading industry, which pushes the economy to go forward.

According to statistic data, in 2004, the investment in real estate in Kunming reached 6.834 billion yuan, up 24.4% compared with year 2002. The per capita floor area reached 16.26 square meters, up 9.7%. All of the data has proved that the real estate market develops rapidly.

Now you can find a lot of brand new buildings and beautiful communities in every corner of Kunming, not only in the north, south and east part but also in the right center of the city. With the enhancement of living quality, a few households not only move in very big houses but have gardens, garages and other facilities, while the intelligent community design and humanized property management give every resident an impression that living in Kunming is a really fun. What’s more, the ample sunshine, superiors national condition and rational house price also appeal to people living outside Kunming. It is evident that the house purchasers from outside Kunming take one in four of the total consumers.

According to the statistic date from Real Estate Trade Center, the bargain areas of commodity estate reach 4.82 million square meters, up 43% compared with the same period of last year and the total bargain money reachs 13.39 billion yuan with 33% up. In terms of the contribution to the economy gross, the proportion of the increase value of real estate industry to total the gross domestic product of Kunming is estimated at more than 5% in 2004, which meant the real estate industry is becoming the polar industry of Kunming’s economy.