China Residential Property Industry’s Sales Value Reached CNY 7,275 Bn in 2015, Says CRI in its New Report Available at MarketPublishers.com11 Jul 2016 • by Natalie Aster
LONDON – In China, a sales value of the local residential industry amounted to more than CNY 7,275 billion as of 2015, showing an increase of approximately 17 percent from 2014.
All land in the country belongs to the government, and the owner sets strict restriction on the use of the land.
Residential real estate development enterprises have to obtain special certificates for the right use of land in order to be permitted to plan construction projects and carry them out.
At present, with the slowdown of the country’s macro economy one of the main targets of the Chinese government is to provide support to optimization of the structure as well as destocking of the residential property industry. The government has been loosing the monetary policy in order to encourage the demand for real estate and drive developments in this field. It takes measures to reduce cyclical fluctuation seen in the residential property industry.
The interest rate was cut five times by the government in 2015 alone, and the deposit reserve rate was cut four times in the same year. Interest rate’s repeated decline led to reduction of the purchase cost, thus promoting the development of the residential property industry.
Currently, the Chinese industry has reached its maturity. A cost of capital and land has been growing, while M&A activities continue to usher in the climax.
New research report “China Residential Property Industry Overview, 2011-2020” drawn up by CRI offers a comprehensive discussion of the residential property industry in China. The study sheds light on the industry’s historical performance over the period 2011-2015.
It canvasses the competition status and looks at entry barriers. Data on top five players and an in-depth analysis of the cost and price development in the local space can be found in the report.
The research study predicts market demand, forecasts supply and delves deep into factors impacting the space.
More new report by our partner can be found at CRI page.