[photopress:real_estate_China_apartments.jpg,full,alignright]Reportlinker.com has announced a new market research report: China Real Estate Industry Report, 2007-2008.
The report is extensive and thorough. The summary covers only the high points:
Between January and August of 2007, China real estate development investment reached RMB 1.42 trillion, up 29%.
Its growth rate was up 5 percentage points year on year, 2.3 percentage points higher than that of urban investment at the same period.
The real estate investment occupied 20.4% of the urban investment, up 0.4 percentage points.
The completed investment in residential buildings in 2007 is up 30.9%.
The structure of housing supply begins to improve, but the proportion of the apartments below 90 square meters is still relatively low.
Statistics from 40 key cities show that the supply of the common commercial residential apartments below 90 square meters is rising month by month among newly-approved and newly-built residential buildings in those cities.
The average floor area of each approved pre-sale commercial residential apartment dropped from 122.3 square meters in July of 2007 to 106.95 square meters between January and August of 2007, but the average floor area per commercial residential apartment available in the market up to the end of each month is still around 114.03 square meters which is considerably above the 90 square meters which defines affordable housing.
The national completed area of commercial buildings was 208,346,500 square meters in August of 2007, up 10.1% year on year.
The summary shows the report comes to the conclusion that with stricter regulation and frequent interest rate increases the strong will become stronger. So the key real estate companies will see high growth of market performance as well as market share.
Even the summary, of which this is but a small part, is remarkably thorough and well worth reading in full.
Source: Business Wire