2014 October Shanghai Property Market Newsletter 2014十月上海房产市场调研(英文).pdf

October 2014 Shanghai PrOPerty Market newSletter by A qu as pa ce G ro up M ar ke tin g Te am October Newsletter / Shanghai Aquaspace Group2 OctOber Highlight I n the end of October 2014, China’s State Council announced that the government would support consumption in six industries including property. China will stabilize housing-related consumption and relax conditions under which tenants can use their provident housing funds, and more details would be provided in the future. It is the first time in recent years that the central government officially declared direct support for the housing market. Shanghai Urban planning and land management bureau will stage an auction of a piece of land for commercial/ office use in Jing’an district in 26th November 2014. The piece of land will be closed to Metro Line 12 West Nanjing Road station. It will occupy 11,665.8 square meter. The reserve total land price will be one billion RMB Yuan. The reserve floor price will be 53,575.41 RMB Yuan per square meter. West Nan jing R d. Shim enyi Rd. Weihai Rd. 1 2 3 4 1 1 2 1st Period 2nd Period 3rd Period 4th Period The target land for sale in November 2014 October Newsletter / Shanghai Aquaspace Group3 key MacrO Economic indicators C hina 2014 Q3 GDP’s accumulated YoY growth rate was posted at 7.3%. Shanghai Q3 GDP YoY accumulated growth rate was 7.0%, down 0.7% compared with which at the same period last year. Shanghai Q3 real estate industry GDP YoY accumulated growth rate was 1.1%, down 12.2% compared with which at the same period last year. Shanghai Q3 logistic/ transportation/Warehouse industry YoY accumulated growth rate was 12.5%, up 13.3 % compared with which at the same period last year. Shanghai Q3 information technology industry GDP YoY accumulated growth rate was 12.5%, which was the same as the same period last year. Finance industry GDP accumulated growth rate YoY was 8.4%, down 5.6% compared with which at the same period last year. 201