Monday, January 17, 2011

China last year increased nearly one-third of real estate investment

 China news agency, Beijing, January 17 (Reporter Wang Yongzhi) - National Bureau of Statistics 2010 released 17 Chinese real estate market situation, the statistics show that in 2010 China's real estate investment 4.8267 trillion yuan, compared with the previous an increase of 33.2%; real estate sales 1.043 billion square meters, up 10.1% over the previous year, an increase over January-November increased 0.3 percentage points.



4.8267 trillion yuan last year, investment in real estate development, commercial residential investment 3.4038 trillion yuan, up 32.9%, accounting for investments in real estate development accounted for 70.5%. December month, the real estate investment 557 billion yuan, an increase of 12.0%.

national real estate development business area of housing construction last year, 4.055 billion square meters, up 26.6%; to complete the land acquisition area of 410 million square meters, an increase of 28.4%, 999.2 billion yuan of land acquisition costs , an increase of 65.9%.

2010, the national product growth of 8% of residential sales area, office buildings increased by 21.9%, 29.9% growth in commercial space business. In 2010, commercial sales of 5.25 trillion yuan, up 18.3% over the previous year, an increase over January-November increased 0.8 percentage points. December month, the national real estate sales area of 218.08 million square meters, up by 11.5%; sales 1.0201 trillion yuan, up by 21.9%.

2010, the real estate development company sources of funds 7.2494 trillion yuan this year, an increase of 25.4%. Among them, the use of foreign investment 79.6 billion yuan, increasing Sixty-six percent living in the first place; self-financing 2.6705 trillion yuan, up 48.8%, ranked second with far higher than domestic loans and other funds into more than just an increase, and individual mortgage loans increased by only 7.6%. Displayed in the property market last year, stringent regulation, the bank tightened money supply situation.

expert analysis here, a series shot last year, the central government policies regulating the property market, despite the slowdown in real estate gains, but prices remain high, the face of the general population and high house prices are still expected to not that. Now, all levels of government pushing the security room, you can solve the worries for some low-income groups. The Chongqing and Shanghai will test the water property taxes, or help to curb the excessive growth of housing prices.

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