Analysis the real estate development in China 浅析我国房地产发展文档格式.docx

Analysis the real estate development in China 浅析我国房地产发展文档格式.docx

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From2006to2010,thecompletionoftheurbanrealestateareaof​​atotalof3.159billionsquaremeters,anaverageannualcompletionof632millionsquaremeters.Residentialareaatotalof2.577billionsquaremeters,withanaverageannualcompletionof515millionsquaremeters.Thetotalrealestatesalesof3.969billionsquaremeters,andannualsalesof794millionsquaremeters.Thetotalresidentialsalesof3.577billionsquaremeters,andannualsalesof715millionsquaremeters.

In2006,thegovernmenthasincreasedthepolicyofregulation,pricescontinuedtoraise,realestatevacancyratestillhigh.Supplyanddemandhassignificantdeviation.AsoftheendofJuly2006,112millionsquaremetersofvacanthousingarea,anincreaseof14.4%.

In2007,therealestatemarketsupplyanddemandoverheating,thecountryincreasesadjustingcontrolstrength.Raisedbankdepositrates6timesandraisedbankdepositreserverate10times.

In2008,highinflation,thegovernmentadoptatightmonetarypolicy,6timestoraisethedepositreserveratio.Thedevelopmentofrealestatemarketistight.Realestatemarketintoadownturn,housingsecurityintensified.Afewyearsago,thehousepriceslargelyrosetothehighestpoint.Therealestatemarketwasaffectonthefinancialcrisis,globalandChina'

smacro-economictrenddecline.Residentsareworriedthathousepricescontinuedtofallandpeople’spurchasewillresultinmarketsalesdecline.

In2010,inordertopromotethedevelopmentoftherealestatemarket,theStateCouncilissued"

noticeoftheStateCounciltopromoteastableandhealthydevelopmentoftherealestatemarket"

.Citiesnationwidehousepricesraisedtoofast,therealestatemarketspeculationenhanced,theStateCouncilinApril2010issued“noticeoftheStateCouncilonresolutelycurbthefastrisingofpricesinsomecities"

.Therealestatemarketinapositivechange,housepricescontinuedtodrop,speculativeinvestmentdemandwasinhibited.Housinglandsupplyandcommercialhousingsupplyhassignificantlyincreased.Theprotectionofhousingconstructionprojectsprogressingsmoothly.However,sinceNovember2010,drivenbyinflationexpectationsandavarietyofreasons,somelocalre-emergenceofhighprice,thehousingtransactionvalueandpricewasraisedinthecenterofthecitywhichnotimplementedthepurchaselimit,andthehousepricesrapidlyroseintheregionnearthepurchaselimitcity.

1.1.Realestateinvestmentisgrowing

In2008,commercialhousingdevelopmentinvestmentof3058billionyuan,anincreaseof20.9%commercialhousinginvestment2208.1billionyuan,anincreaseof22.6percent,accountingforrealestatedevelopmentandinvestmentaccountedfor72.2%.In2009,realestatedevelopmentandinvestment3623.2billionyuan,up16.1percentthanlastyear,commercialresidentialinvestment2561.9billionyuan,anincreaseof14.2percent,accountingforrealestatedevelopmentandinvestmentaccountedfor70.7%.

1.2.Therealestatemarketdevelopmentisnotbalancedindifferentregions

Becausehigherlevelofeconomicdevelopmentoftheeasternregion,itstartsasearlyastherealestatemarket,andhousingconstructionareaandcompletionoftheareainalargeproportion.Inthecentralregion,therealestatemarketgrowthrateattheadvancedlevel.Withtheeconomicdevelopmentgapbetweenregionsisgraduallyreduced.In2011,easternpartofrealestatedevelopmentandinvestment3560.7billionyuan,up27.2percentthanlastyear.Thecentralregionofrealestateused1319.7billionyuanindevelopmentandinvestment,up25.5percent.Andthewesternregionrealestateused1293.6billionyuanindevelopmentandinvestment,anincreaseof32.8%.

1.3.Thehousingpricesstillhighly

From2002,housingpricescontinuedtorise.Therehaspriceandnomarketin2007.In2008,therealestatemarketfellintodownturnbythefinancialcrisisaffecting.Withtheadjustmentofnationalpolicies,thepricehasabigreboundin2009,anditcontinuedintheendof2010.Underthestronggovernmentregulation,priceincreasehasbeenadegreeofcontrol,housingpricesinsomeareashasdecliningtrend.

1.4.Thefundingsourcesoftherealestateindustry

Witheconomicdevelopment,therealestateindustrydevelopmentandinvestmentfundsareincreaseeveryyear.Whichthefundsderivedfromthetotalproportionoffundsfromdomesticloansisthelowestandgrowthrateisslower.

Mainlyfundedbycorporateself-financingandotherfunds（deposit,advancepayment,personalloans）,corporateself-financingandotherfundsaccountforaproportionofthelargestsourcesoffunding,andanupwardtrend.

years

Domesticloans

Enterpriseself-financing

Otherfunding

2008

19.02%

39.53%

39.54%

2009

19.77%

31.34%

48.07%

2010

17.30%

36.84%

44.77%

2011

15.09%

40.96%

42.98%

2.China'

srealestateindustryimpactonthemacroeconomic

TherapiddevelopmentofChina'

srealestateindustryplayanimportantroleinpromotingconsumption,expandingdomesticdemand,stimulatinginvestment,improvingthelivingconditions,changingthetownoutlookdrivenbytheconstructionandbuildingmaterialsandotherrelatedindustriesandsocio-economicdevelopment.

2.1.Theimpactontheoveralleconomy

Firstly,investmentinrealestatedevelopmentgrewfasterthantotalfixedassetinvestmentandGDPgrowthrate.

Secondly,risinginvestmentinrealestatedevelopmentaccountedfortheproportionoffixedcapital.

Thirdly,investmentinrealestatedevelopmentisagradualincreaseincontributiontoChina’seconomicgrowth.

2.2.Theimpactonrelatedindustries

Therealestateindustryisthemiddleofindustry.Withthedevelopmentoftherealestateindustry,themanufactureofmetalproducts,machineryandequipmentmanufacturing,buildingmaterials,chemicals,mineralproductsindustryhasalsobeendeveloped.Realestateistheupstreamindustrymarket,thecorrelationoftheconsumermarketisveryhigh,itclouddriventhedevelopmentofthehomeappliances,decorationandotherindustries.

2.3.Theimpactontheconsumer

Ontheonehandwiththerealestatedevelopmentandinvestmentprovidejobstosolvetheemploymentproblemofsomepeople,thusincreasingthepercapitaincome,andpromotetheconsumptionoftheresidents.Ontheotherhand,someresidentsuseloanstopurchasethefundsforrepayment,whichmakeslessdisposableincome.

Canalsobeseenfromtherealestatesales,theresidents'

demandforhousingincreaseseveryyear,andthisdemandispromotingthedevelopmentoftherealestateindustry.

3.Industryanalysis

Therealestateindustryhassomecharacteristics,suchaslargeamountofcapital,highreturn,highrisk,highaddedvalueandstrongindustryassociation.

Withtherapiddevelopmentoftherealestateindustryinrecentyears,realestatecompaniesaregoingtolarge-scalecross-boundaryexpansion.Therealestatemarketafterthefinancialcrisisinthefirsthalfof2010,showingastrongmomentumofdevelopment,andthevolumeisincreasing.Groupmanagementhasbecometherealestateindustrytrends.Inthefuture,thecompetitionofrealestatecompaniesandindustryscarceresourcesisoneoftherealestateindustrytrends.Atthesametimetherealestateindustryintothetransitionperiod.

3.1.Strongmergersandacquisitions,corporateorganizationalstructurechanges

Largerealestateenterpriseshavewell-funded,widelyfinancingchannels,thetechnologyofoperationandmanagementisadvancedandmature.Fortheirowndevelopmentwillbetheacquisitionandmergerssomesmallandmedium-sizedenterprisesandhigh-qualityrealestateprojectstomakethecontinuousexpansionofenterprisescalecometrue,makinglargerealestateenterprisestoovercomethedevelopmentoftheindustrybottleneck.Thechancesofsmallandmedium-sizedrealestatecompaniesincreasebymergersandcooperation.Goodbrandsandstrengtheconomylettherealestatecompaniestofurtherexpandintherealestatemarket.Mergersandcooperationisgoodforthedegreeofconcentrationoftherealestateindustry.

3.2.Regionaljointandthedevelopmentofspaceshift

Underthesituationthatthelandacquisitionchannelissingleandthenumberoflandsupplyissmall.Regionalalliancesandgroupmanagementtosmallsizerealestateenterpriseshasbecomeaninevitabletrend.Acquiredlandthroughjointfunding,operationofsystemsintegration,publicbiddingandauction.In2011,theeasternregionsalesofcommercialareaof511millionsquaremeters,anincreaseof0.1percentthanlastyear,salesof3462.8billionyuan,andanincreaseof3.8%.Thecentralregionofrealestatesalesof293millionsquaremeters,anincreaseof11.3%,salesof1189.5billionyuan,anincreaseof29.4%.Thewest296millionsquaremetersofrealestatesales,andsalesof1259.6billionyuan,anincreaseof23.9%.Sometimeago,largerealestatecompaniesmainlyconcentratedinbigcities,butnow,moreandmorecompanieschangetosmallandmedium-sizedcitiesandeventown.Thesmallandmedium-sizedcitieshavelargespacefordevelopment.Realestatedevelopmententerprisesinthebigcitiesbecomedifficultbyrestrictionpolicyandscarcelandresourcesinlargecities.

3.3.Prop