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General information on Zhangzhou's development Zhangzhou, which is located in the southeastern coastal area of Fujian Province, is adjacent with Xiamen, Shantou Special Economic Zones and Taiwan Province. It is the local-level city in the most southern part of the province. It has the jurisdiction of one city, two districts and eight counties, which in total there are 120 villages, towns and communities. The total area of this city is 12,600 square kilometers on land and an ocean area of 18,600 square kilometers. Its population reached 4.58 million. The downtown completed area reached 34 square kilometers with a permanent population of 340,000.
According to
statistics issued by the Fujian Statistic Bureau, the total GDP of this city
last year reached 70.2 billion RMB with a growth by 11.6%. The primary
industries grew by 4.5%, the secondary industries grew by 18.8% while the
tertiary industries grew by 8.4%. The total social investment on fixed
assets reached a growth by 15.5%. The total retail sales income was
increased by 10.8%. The resident consumption price grew by 4.3%. The
local-level government revenue income was increased by 29%. The exports grew
by 76.3%. The FDI was increased by 15.3%. The per capita average disposable
income for urban residents grew by 11.8%. The net income for farmers also
was increased by 8.5%. The registered urban unemployment rate was down to
4.2%. The natural population growth reached 6‰. The total GDP, the
investment on fixed assets, local government revenue, GDP from industries,
industries above designated size, exports and net income for farmers all
reached the highest level since the year 1999.
In 2005, the completed total investment on real estate development of
this city reached 4.166 billion RMB with a growth by 27.30%, which took
up 25.90% of the total investment on fixed assets. The investment on
land purchasing reached 1.314 billion RMB taking up 31.54%. The
investment on land construction was 30.1 million RMB taking up 7.23%.
Both investments kept growing rapidly. If divided by different land
functions, the investment on residential buildings reached 2.111 billion
RMB taking up 50.67% with a growth by 26.18%. The investment on office
buildings was 37.94 million RMB taking up 0.91% with a decrease by
29.33%. The investment on commercial buildings reached 41.9 million RMB
taking up 10.06% with a growth by 25.35%, while the investment on other
functions reached 1.597 billion RMB taking up 38.33% with a growth by
31.87%.
The newly-completed areas for sale reached 1.26 square meters with a
growth by 6.89%. The total value reached 2.831 billion RMB with a growth
by 8.76%. The newly-completed areas for sale on schedule were 877,800
square meters with a growth by 25.73%. The total value created was 1.799
billion RMB with a growth by 17.76%. The sales of newly-completed
commercial buildings reached 382,700 square meters with a drop by
13.41%. The total value created was 1.03 billion RMB with a drop by
12.03%.
In general, the real estate market in this city experienced rapid growth in
2005 with rapid growth on investment and need for commercial residential
buildings. The price level of commercial residential buildings was stable
with a slight increase. More and more outer investment came into the local
market further promoting the local market. The total tax income on real
estate industry reached 303.99 million RMB. The total deposit tax income
reached 130.85 million RMB, among which 51 million RMB came from the local
downtown areas. All the tax income from real estate industry reached a total
of 434.84 million RMB taking up 26.48% of the total tax income of the city,
which further solidified its function as the pillar industry of the city.
However, since the supply of commercial buildings increased rapidly, the
vacancies also increased. There were still serious structural problems in
the industry. There are still problems between the supply and consumption of
the real estate market which may become the potential factors restricting
the local market development.
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