The analysis of real estate development in Shantou City
Vice
president of Bureau of Housing Management in Shantou Hong Hong
According to the analysis of specialists, one development stage of real
estate industry should be confined within 4 years to 6 years. The next
wave crest should be in 2008. During the new fluctuating circle, how the
Shantou’s real estate industry steps out the up-and-down circle and
enters into the flourishing wave crest is a question which worth the
thinking of the government.
The
real estate industry is the polar industry of domestic economy. Now it
is in both the recovering stage and the rapidly developing stage.
According to the material, the increase rates of domestic product were
9.1% and 9.5% respectively in 2003 and 2004. The increase rates of
investment were 29.7% and 28.1%. The increase rates of commodity house
sale were 34.1% and 30%. The prospect increase rates of domestic product
in 2005 would be 9%.
The
development of real estate cannot be driven away from normal track of
domestic economy. Since 2003, the increase of investment in real estate
has been exceeded the national average level by 20% which was a
dangerous signal. As a result, the government cannot just leave it
alone. Several measurements have been adopted to cure the disease of
market.
The real
estate industry of Shantou city has experienced the extensive stage and
intensive stage which emphasized the residential culture and comfortable
environment. The newly developed communities achieved great success and
gave a good impression to the citizens. Because of the development macro
economy, support of the government, transformation of the market and the
special concept and hard work of real estate operators in Shantou, the
market is showing its good prospect. From January to August, the average
price of houses in the inner city reached 2232.8 yuan per square meters.
With the increase of construction cost, infrastructure cost and land
price, the price of houses will increase at the same time.
Now the
consumers are showing great desire for the market due to the low price
of houses. With the increase of several competitive factors, Shantou’s
real estate market is facing a new battle.