Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Home price stability-goal's for real

By WANG YING in Shanghai | China Daily | Updated: 2021-02-01 08:52
Share
Share - WeChat
A saleswoman (left) shows a model of a newly developed residential area to a potential homebuyer at a real estate fair in Urumqi, the capital city of Xinjiang Uygur autonomous region, on April 24. [Photo by ZHANG XIUKE/FOR CHINA DAILY]

Digital tech, online sales, post-COVID value-added services promise to up developers' investments

Although the COVID-19 pandemic sprang an unpleasant, unprecedented and unexpected surprise on China's residential property market last year, a combination of factors will likely ensure the situation will improve beyond expectations this year, industry experts said.

Nationwide, investment in residential properties rose 7.6 percent year-on-year to reach 10.44 trillion yuan ($1.61 trillion) in 2020, data from the National Bureau of Statistics showed.

Housing market analysts projected that the nation's new home transaction volume reached 15 trillion yuan last year, up about 8 percent from the previous year.

The nation's 70 major cities tracked by the NBS reported a stable month-on-month growth of 0.1 percent in new home prices in December.

In 42 of the 70 cities, new home prices increased in December, despite a largely low year, given the focus on containing COVID-19.

Hui Jianqiang, head of research with Beijing Zhongfang-Yanxie Technology Service Ltd, said, "As the unprecedented 2020 has come to an end, the nation's real estate market is growing positive in terms of both volume and value of transactions, a proof of the resilient Chinese economy."

A period of stability, solidity and positive growth awaits the home market. The foremost reason for that is the sense of optimism created by the decisions taken during the Central Economic Work Conference, experts said.

The annual conference, which was held from Dec 16 to Dec 18 in Beijing, placed emphasis on the principle that the quality of living is key to the well-being of people.

The conference noted, "We must uphold the principle that 'housing is for living in, not for speculation', and implement policies in accordance with each city's respective conditions, so that our property market will head in the direction of stable and healthy development."

That would translate to an assurance that unhealthy or irrational price swings will be preempted, making affordable housing in sought-after cities a realizable dream, particularly for young homebuyers.

Trends that are stoking glad tidings in that direction are adoption of digital technologies, online sales, and value-added services like better management of residential estates, redesign of interiors for the work/study-from-home era, and introduction of green and sustainable building practices.

These developments are buoying the spirits of the developers, encouraging them to commit to not only higher investments but enhanced quality of their constructions and related services.

Yuan Xiaochao, director of research with Colliers International East China, said, "Maintaining home prices in a reasonable growth range will ensure a city remains attractive to homebuyers, so that every resident can enjoy the benefits of the even and stable development of the property sector."

If property prices soar, however, there would be a trickle-down effect on every aspect of living, undermining the prospects for long-term healthy development of a city, Yuan said.

Shaun Brodie, senior director and head of business development services with Cushman & Wakefield East China, said, "Looking into the future, we are likely to see several changes in the residential property market in China as a direct or indirect result of COVID-19."

According to him, COVID-19 has accelerated the real estate industry's adoption of digital technologies, which will create new opportunities.

Property companies were forced to try out online sales. For their part, potential homebuyers got used to virtual reality tours and livestreaming to get a feel of homes on sale.

1 2 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 男女一进一出无遮挡黄| 久久人人爽人人爽人人片AV超碰 | 日本全彩翼漫画全彩无遮挡| 亚洲美女人黄网成人女| 色哟哟视频在线| 国产精品xxxx国产喷水| 人妻少妇乱子伦无码专区| 黄色一级片在线播放| 国语第一次处破女| 中文字幕一区二区人妻性色| 最近中文字幕免费4| 亚洲色成人网一二三区| 美女黄18以下禁止观看| 国产欧美日韩视频免费61794 | 国产久视频观看| 色www永久免费网站| 天天躁日日躁狠狠久久| 中文字幕第一页在线视频| 最近2019中文字幕大全第二页| 亚洲狠狠色丁香婷婷综合| 精品性高朝久久久久久久| 国产偷国产偷亚洲高清在线| 巨胸喷奶水www永久免费| 夜夜高潮天天爽欧美| 一级特黄aaa大片在线观看| 日本牲交大片免费观看| 亚洲一区无码中文字幕乱码| 波多野结衣种子网盘| 动漫美女被爆羞羞免费| 视频在线免费观看资源| 国产激情一区二区三区| 91女神疯狂娇喘3p之夜| 女地狱肉之壶极限调教2| 中文字幕日本最新乱码视频 | 国产aaaaaaa毛片| 黄网站免费在线观看| 国产精品久久久福利| 91麻豆最新在线人成免费观看 | 精品久久久久久亚洲精品| 国产一级淫片视频免费看| 国产免费小视频|