Shanghai Municipal Statistics Bureau announced yesterday that in 2011 the city real estate development and investment exceeded 200 billion yuan for the first time, but the demand is at historic lows; the whole year, real estate sales dropped 13.8 percent over the previous year, average sales price of new commodity housing over the previous year a decrease of 5.4%.
Development investment is the first break of two hundred billion
In 2011, the city's real estate development and investment exceeded 200 billion yuan, 217.031 billion yuan, an increase of 9.6 percent over the previous year, 42.8 percent of the total social fixed assets investment. Municipal Bureau of Statistics 2011 city real estate development and investment to maintain a rapid growth in the previous year's high base, the premise is still one of the reasons is the construction of affordable housing is in full swing, the city's affordable housing investment of 47.922 billion yuan over the previous an increase of 42.9%.
Demand at historically low levels
Since early 2010, the state has adopted a number of control policies to curb housing prices, and to promote healthy and stable development of the real estate market. The effect of various policy measures, the city's real estate market speculative investment demand have been effectively curbed, but also inevitably spread to some live and improvement of housing demand, market sentiment is strong, the emergence of market sales decline.
2011, the city's real estate sales area of 17,713,000 square meters, down 13.8 percent over the previous year. Commercial residential buildings of 14.7372 million square meters, down 12.6 percent, the monthly average of 1.23 million square meters, at historic lows.
存量房交易 area continued to decline, and fell more than new housing. According to the statistics of the Real Estate Trading Center, 2011 the city 存量房交易 area of 13,986,700 square meters, down 28.9 percent over the previous year; the stock of housing was 10.5871 million square meters, down 30.4 percent.
The average price of new home sales fall
With the effect of control policies continue to appear, 2011, the average sales price of new commodity housing in the city of 13,448 yuan per square meter, down 5.4 percent over the previous year. Observed from the region, within the Inner Ring per square meter 48506 yuan, up 1 percent over the previous year; between the inner and outer ring of 16,886 yuan per square meter, up 13.9 percent; outside the outer ring of 11,294 yuan per square meter, down 5.6 percent.
Look, excluding affordable housing and relocation resettlement housing and affordable housing market of average sales price of newly built commercial housing 2011 of 21,584 yuan per square meter, up 2.8 percent over the previous year. From the regional, within the Inner Ring per square meter, 48,506 yuan, up 1 percent over the previous year; between the inner and outer ring of 27,744 yuan per square meter, up 17.4 percent; outside the outer ring of 18,017 yuan per square meter, up 4.6 percent.
According to statistics, in 2011 new construction and financing of affordable housing for 17.5 million square meters. Completion of the 2 million square meters of affordable housing, completion of the relocation and resettlement housing for 2.98 million square meters.