Ningde, whose abbreviation is Mingdong, is located in the northeastern part of Fujian Province and the central part of the “Golden Coast” in China. It is on the west coast of the Taiwan Bay and in the central part of the Pearl River Delta, Yangzi River Delta and Taiwan Province geographically. It is adjacent to Fuzhou in the south, Wenzhou of Zhejiang Province in the north, Nanping in the west and Taiwan Province in the east across the Taiwan Bay. It is a newly-developed coastal city. It has the jurisdiction of Jiaocheng District, Xiapu County, Gutian County, Shouning County, Pingnan County, Zhouning County, Tarong County, Fuan and Fuding. In total there are over 124 villages, towns and communities, 2,259 village-level communities. Its total area reached 135,000 square kilometers on land and an ocean area of 446,000 square kilometers. The total population is over 3.2 million with a population of She minority group of 170,000 taking up 1/2 of the total She population of Fujian Province and 1/4 of the minority group nation wide making it the largest She community nationally. The number of overseas Chinese reached 300,000.

The total GDP in 2005 reached 34.227 billion RMB with a growth by 10.6% It achieved a growth by 4.08 billion RMB. The “Three Industries” all achieved satisfying growth. The added value created by primary industries reached 8.307 billion with a growth by 3.6%. The added value from the secondary industries reached 11.937 billion RMB with a rapid growth by 18.8%, while tertiary industries created the added value at 13.983 billion RMB with a growth by 8.4%. In the Tenth Five-Year Period, the GDP growth reached the increase by 10.0%, which was 1% higher than planned.

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General information on real estate industry in Ningde

The real estate market of this city has been in the gloomy situation for a almost one whole year. The investment on real estate market experienced some growth finally after a long period of decrease since November 2005. The total completed investment on the real estate industry reached 1.698 billion RMB in 2005 with a growth by 4.8%. The total investment in November and December reached 58.5 million RMB taking up 34.5% of the total investment of the whole year.

According to some research, due to the effect of the macroeconomic adjustment and controlling polices on the real estate market stabling the market prices, the total investment on the city real estate market decreased accordingly. Most real estate developers hold the attitude of speculation and observation instead of investing. They also seriously reconsidered their develop pace, which ended up some major projects under construction were pulled off, while some other investments were delayed. In all, the total investment on real estate market during the first 10 months decreased distinctly with a total value at 1.11 billion RMB. The average investment per month therefore was down to only 10 million RMB. The same situation was observed in buyers who also held the attitude of speculation and observation instead of purchasing. Meanwhile, the trading on second-hand realties also decreased cooling off the market sales.

Since the beginning of November, the gloomy situation was finally broken with the great sales record of the Donghu Haoting Residential Community in the downtown. Stimulated by this sales promotion, other big developers such as Mingdong Square, Donghai Fortune Community and China Red also launched another round of promotion and sales. At the same time, the investment on real estate market also resuscitated reaching up to the peak record since the gloomy period.

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