Land prices in first-tier cities are structurally rising and housing prices may be hard to come down in the next year or two
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- Time of issue:2020-12-07 14:26
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(Summary description)The property market downturn lasted nine months in 2014 and only showed signs of recovery in October, but land prices in first-tier cities rose instead of falling. Statistics from Centennial Land Hold
Land prices in first-tier cities are structurally rising and housing prices may be hard to come down in the next year or two
(Summary description)The property market downturn lasted nine months in 2014 and only showed signs of recovery in October, but land prices in first-tier cities rose instead of falling. Statistics from Centennial Land Hold
- Categories:Industry News
- Author:
- Origin:
- Time of issue:2020-12-07 14:26
- Views:
Information
The property market downturn lasted nine months in 2014 and only showed signs of recovery in October, but land prices in first-tier cities rose instead of falling.
Statistics from Centennial Land Holdings show that as of November 18, the transfer fee of homestead in first-tier cities has historically exceeded 300 billion yuan, and the unit price is as high as 11,892 yuan per square meter, up 57% from 7,571 yuan in 2013.
Behind the rise in land prices in first-tier cities, first of all, real estate enterprises flock together to buy land in first-tier cities to avoid investment risks, resulting in "scarce and expensive things". Secondly, the above rise in unit price is a structural rise, that is, many of the land transferred by the four first-tier cities are high-quality plots in the core areas, thus raising the unit price.
The abnormal behavior of land price in first-tier cities is the epitome of the intensified differentiation of real estate market. But institute research center personage reminds, first-tier city also is not "safe island", the land of unit price, premium rate is too tall, still had better be cautious.
Category: Industry News
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