2005 Chinas real estate prospects for development - a new era of co-development of vertical and horizontal.docVIP

 PAGE \* MERGEFORMAT 8 2005 China’s real estate prospects for development - a new era of co-development of vertical and horizontal In 2004, albeit only in the past more than six months, but for the Chinese real estate industry, it is an atmosphere of air filled floor. ‘8 .31 Land deadline ‘,’ management of the new mortgage terms’’the new affordable housing policy, ‘‘ Forward House Bill’* * * * limit switch housing market a series of government macro-control policies introduced, so that the year has been in the industry that as ‘real estate policy year’, these policies related to property development, real estate finance, second-hand housing market, housing and leasing agent and other real estate industry’s central marketplace. Therefore, this policy is clear to the wind and rain in 2005 turning point in China’s real estate development. Real estate development enterprise is the main body of the Chinese real estate enterprises, accounting for 80% of the total number of real estate companies over the past few years have seen impressive growth since 2000 has maintained an annual growth of more than 20%, far higher in GDP and total fixed asset investment growth. In 2003, even hitting a 29.7% increase in the stage of a new high. Real estate because of its high investment, high return become recognized as the ‘lucrative industry’, but behind in this high growth, the market faces a number of non-standard operation, a series of problems demanding prompt solution: the number of enterprises large and small scale; development capacity, and poor ability to resist risks; asset-liability ratio higher risks. The real estate industry as the people’s livelihood, relationships, well-being of millions of households, but also involves great wealth to support economic growth, one of the pillar industry, the state of its macro-control and market regulation has long been inevitable, but most business-to - This blast is still fresh rain came so quickly been caught unprepared. At the