China Real Estate Facts and Figures @ The China Perspective

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Property price

RMB per sq m

Residential

office

House or business use

1997	3090
1998	3170
1999	3333
2000	3260
2001	3274
2002	3489
2003	3675
2004	3966

1991	756
1992	996
1993	1208
1994	1194
1995	1509
1996	1605
1997	1790
1998	1854
1999	1857
2000	1948
2001	2017
2002	2092
2003	2197
2003	2549

1997	4677
1998	5552
1999	5265
2000	4751
2001	4588
2002	4336
2003	4196
2004	5533

Source: National Bureau of Statistics

Prices of newly built homes rose by 6.6% from June 2005 to June 2006.

Source: National Development and Reform Commission and the National Bureau of Statistics 2006-08-11

Housing prices in June 2006 rose by 5.8% over the same period in 2005 in 70 of China‘s largest and medium-sized cities.

Source: National Development and Reform Commission and the National Bureau of Statistics 2006-08-11 Source: National Development &Reform commission

Sales of new apartments dropped 31% in June 2006

Source: http://news.xinhuanet.com/english/2006-07/26/content-4879450.htm

40% of new properties failed to find buyers and Centaline reported a 40% drop in business.

Source: http://news.xinhuanet.com/english/2006-07/26/content_4879450.htm

Commercial Property

RMB PER SQ M

	2003	2004	2005
Beijing	4737	5053	6725
Shanghai	5881	6385	6698
Guangzhou	3888	4993	5529
Shenzhen	6215	6531	7040
Shenyang	2916	3183	3332
Harbin	2348	2497	2640
Chongqin	2103	2303	2372
Chengdu	2096	2804	3173
Kunming	2217	2473	2582
Xi’an	2505	2624	2871

Source: Beijing Statistics Bureau, Shanghai Statistics Bureau, Guangzhou Statistics Bureau, Shenzhen Statistics Bureau, Shenyang Statistics Bureau, Harbin Statistics Bureau, Chongqing Statistics Bureau, Chengdu Statistics Bureau, Kunming Statistics Bureau, Xi’an Statistics Bureau

30% of 2,000 property developers in Shanghai will quit market before end of 2006

Source: Wind Information Co, http://news.xinhuanet.com/english/2006- 07/26/content_4879450.htm

Real estate prices in 70 large and medium-sized cities in China rose 5.8% in June 2006 compared to June 2005.

Source: http://news.xinhuanet.com/english/2006-07/20/content_4861852.htm

Urban commercial real estate constructed

Million sq m

	Floor space	Urban commercial
		Real estate
1990	195.53	180
1995	356.66	330
2000	807.15	510
2001	976.99	540
2002	1102.17	325
2003	1228.28	395
2004	1281.63	424

Source: http://www.china.org.cn/chinese/zhuanti/fdc/655588.htm

China had 121 million sq m of commercial space left unsold and vacant by end of June 2006, up 17.2%.

Source: National Bureau of Statistics, http://news.xinhuanet.com/english/2006-07/20/content_4861852.htm

188 new hotels are under construction in China.

Source: Lodging Econometrics, Yahoo 2006-08-04

Tallest buildings

	Location	Stories	Height(m)	Year
1 Jin Mao Building	Shanghai	88	421	1999
2 CITIC Plaza	Guangzhou	80	391	1996
3 Shun Hing Square	Shenzhen	69	384	1996
4 Shimao int’I Plaza	Shanghai	60	333	2005
5 Minsheng Bank building	Wuhan	68	331	2006
6 SEG Plaza	Shenzhen	71	292	2000
7 Plaza 66	Shanghai	66	288	2001
8 Sunjoy Tomorrow Square	Shanghai	55	285	2003
9 Chongqing World Trade center	Chongqing	60	283	2005
10 Hong Kong New World Tower	Shanghai	61	278	2002

Sources: http://www.emporis.com/en/wm/co/?id=100030

Cities with most tall building*

1	Beijing	825
2	Shanghai	772
3	Guangzhou	370
4	Shenzhen	266
5	Chongqing	248
6	Xiamen	175
7	Dalian	129
8	Wuhan	110
9	Chengdu	110
10	Xi’an	83

*building 35 meters and above Source: http://www.emports.com/en/bu/sk/st/ma/ct/co/ci/?id=10030

Foreign direct investment in real estate US$ billion

	Projects	Contracted value	Actually utilized value
1996	855	10.06	n/a
1997	862	6.22	5.17
1998	834	6.65	6.41
1999	669	4.18	5.59
2000	684	5.23	4.66
2001	820	5.03	5.14
2002	1316	7.22	5.66
2003	1553	9.11	5.24
2004	1767	13.49	5.95
2005	2120	n/a	5.42

Source: National Bureau of Statistics

China ’s real estate investment was US $96 billion in first half of 2006, up 24.2% year-on-year.

Source: National Bureau of Statistics, http://news.xinhuanet.com/english/2006-07/20/content_4861852.htm

Home Buyers are required to contribute 5-12% of their salary to the public housing fund.

Source: http://news.xinhuanet.com/english/2006-06/21/content_4986247.htm

Total Investment in the property sector reached RMB941.1 billion in July 2006.

Source: National Bureau of Statistics, http://news.xinhuanet.com/english/2006- 08/21/content_4986247.htm

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