Hunan Province

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General information on Hunan¡¯s development

Hunan, whose abbreviation is "Xiang", is located in the middle part of the Yangzi River. Its provincial capital is Changsha. In its jurisdiction, there are 13 state-level cities (such as Changsha, Zhuzhou, etc), 1 autonomous state, 16 county-level cities (such as Liuyang, Shaoshan, etc), 65 counties and 7 autonomous counties. The total area of this province is 210,000 square kilometers with a total population of 64.40 million. There are also some minority nationality groups reside in this province, for instance, the Tujia, Miao and Tong minority groups. The most common landform in this province is mountains and hills, among which the most well known ones are Xiangzhong Knap and Xiangxi Knap. The area in the eastern part of this province is mainly occupied by the Dongtinghu Plate, which is one part of the Yangzi Zhongxiayou Plate. It is famous as the ¡°Home of Rice and Fish¡± for its rich land and natural water resources. The major water bodies in this region include Xiangjiang, Zishui, Ruanshui and Lishui, etc.

Up till 2005, the whole province is made up of 13 state-level cities, 1 autonomous state, 16 county-level cities, 72 counties (with 7 autonomous counties), 34 city-based jurisdiction districts. In total, there are 122 county-level jurisdiction region. At the lower level of jurisdiction, there are 8 county-based jurisdiction districts with 221 street jurisdiction sectors, 1,097 towns, 1,228 villages and 98 minority groups villages. Compared to the jurisdiction in 1989, it is easy to recognize that as the rapid growth of urbanization, the adjustment on the provincial jurisdiction has been playing an important role in promoting the regional social and economic development.

In 2004, the total GDP of this province is 561.226 billion RMB with a growth of 12.0% by comparison with the same period the year before. The growth rate is 2.4% more than the same period, which is the rapidest in thee past 8 years. The average GDP per person is 9,117 yuan. The industrial structure of the three industries is 20.6 : 39.5 : 39.9.

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General information on real estate industry in Hunan Province 

Under the effect of a series of the nation¡¯s macroeconomic control policies, the growth of the investment on real estate development in this province has been gradually diminished month by month from the 50% growth rate at the beginning of the year. Seen from the situation in the third season, the investment on real estate development is steady in general with slight occasional disturbance. The largest floating scale is no more than 2.2%. In the first nine months of 2005, the investment on real estate development has been growing at a rational rate with the efficient containing on the blind large-scale development, which results in the satisfying real estate market sales.

In the first nine months, the total accomplished investment on real estate of the whole province was 22.703 billion RMB with a growth of 37.2%. Compared to the same period of time, the growth rate drops 36.6%. Among all the investment, domestic investment reached 20.699 billion RMB with a growth of 43.1%, which took up 91.2% of the total investment on real estate development. The foreign investment was 819 million yuan RMB, which is a rapid growth of 96.8% compared to the same time last year. This growth rate is 53.7% larger than the growth rate of domestic investment.

The available land for real estate development of the province has under effective control. The total investment on the land development is 2.838 billion RMB with a growth of 7.3%. The growth rate drops 78.4% compared to the same time last year. The total land purchasing cost is 3.438 billion RMB with a total purchased land area of 12.495 million square meters. The growth rates for the total land purchasing cost and the total purchased land area are 1.7% and 16.4% respectively. By contract with the same time last year, the two growth rates witnessed slump drop back with 131.3% and 215.7% respectively.

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