Guangzhou

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General Information on Guangzhou¡¯s Development

Guangzhou, with nicknames of "Ram City" and ¡°Rice Spikeear City", is the capital of Guangdong province. Guangzhou covers an area of 7,263 square kilometers and governs 10 districts and 2 county-level cities. In 2004, its population reaches 7.3767 millions. Guangzhou is the centre of politics, economy, culture, technology and traffic in south China, which was established as the open coastal city and national special district for integrated reforming praxis. Guangzhou is a evergreen city and has beautiful scene, so it is also appreciated as ¡°Flower City¡±. In the recent years, Since Guangzhou has implemented the city construction management projects called ¡°One small change in one year¡± and ¡°One moderate change in three years¡±, the environment of city and spirit of citizens have achieved a fundamental change and the goal of constructing a city with ¡°cyan mountain, clean water, green ground and flower city¡± has been accomplished gradually. The integrated economic power is increasing. In 2004, the GDP reached 411.581 billion yuan in total and 56.271 thousand yuan per capita. The urban residents are getting richer and richer. In 2004, the per capita disposable income of the urban residents reached 16.884 thousand yuan.

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General information on real estate industry in Guangzhou

The real estate industry in Guangzhou has been in a steadily developing stage. From 1995 to 2002, the accumulated investment on real estate development reached 240,996 billion yuan while the areas of the developed land reached 48.2883 million square meters. The accumulated newly constructed areas of real estate reached 69.1108 million square meters, while the completed areas reached 61.8854 million square meters. The number of completed residential houses were 57.644 thousand units, while the floor space of commercial buildings which were sold reached 35.7631 billion square meters. The focus of the real estate investment has been switched onto the residential houses. In 2002, the total investment on the residential houses in Guangzhou reached 31.156 billion yuan, with a proportion of 73.1% among all investment. The proportion of private purchase has raised from 68% in 1995 to 93.9%.

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Statistics

Statistics on socio-economic development
Major indices of real estate industry


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