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Real Estate
Pretty Bubbles in the Air E-mail
(41 votes, average 5.00 out of 5)
City Life - Real Estate
Written by Daemon Borek   
Thursday, 12 August 2010 07:17
My wife came to me at the end of Spring Festival this year and exclaimed, “I think we should buy another house.” We talked it over for a bit and I agreed to go shop around and see what was out there. I was against the idea, for reasons I will get into later, but went along anyway because she has proven to be smarter than me on numerous occasions. After several weeks of looking around and literally reading anything I could get my hands on about the housing market in China, I vetoed the plan. Here are my reasons.

Before we get into the nitty-gritty though, let’s get one thing perfectly clear. I am not an economist, my father was a CFO for numerous companies in the US for 25 years, and spent the last 10 years consulting for small and medium businesses looking to expand and/or merge with larger companies. Unfortunately for my brother and myself, the apples fell far from the tree, rolled down the hill, ended up in a river, got fed into the ocean, and washed ashore in Asia.

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Real estate prices in Xi'an E-mail
(5 votes, average 5.00 out of 5)
City Life - Real Estate
Written by Tang Tang   
Monday, 12 July 2010 14:57
As of today, the average housing cost of downtown Xi’an, the most developed and inhabited metropolis in Northwestern China, is slightly over 5,500 CNY per square meter (646 EURO or 820 USD). For a common household comprising of 3 family members, an apartment measuring 70 square meters or more (753 ft2) is essential in comfortable accommodation. Preferable is an apartment of 100 square meters or larger in size which would be worth over 550,000 CNY or 82,000  USD. And that is without any interiors nor furnitures at all.

Though not much for some US residents and EU citizens, that’s a ton of money for a common household in Xi’an, China, let alone an individual. Multiply it by 5 and you get the rough average real estate price for Beijing and Shanghai.

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Boom Market: Construction E-mail
(7 votes, average 5.00 out of 5)
City Life - Real Estate
Written by ND   
Saturday, 12 December 2009 11:32
In the last couple of years the Xi'an region has actually grown at an average of 15% per year. The growth in Xi'an is therewith once again 50% to 100% higher than in the rest of Mainland China. You think that China's economic growth of 8% is impressive?

Well, according to the governor of Shaanxi province YUAN CHUNQING an economic growth of 13,5% is being expected this year.

The regional government expects that the average living space per city inhabitant will be more than doubled by 2020. Therefore, over the next decade approx. 427 million square meters of housing space must be constructed.

We do not know how to title this whole development other than "Hot Trendmarket". The frontline of Chinas economic growth offers especially to national and international building companies enormous advantages and chances.

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Real Estate Price war E-mail
(7 votes, average 4.86 out of 5)
City Life - Real Estate
Written by He Meng   
Tuesday, 16 June 2009 00:00
Real Estate companies compete desperately for customers these days. Hard times for them but good for consumers. It was never that cheap to buy a house/apartment these days in Xi'an. How long it will last until prices start to raise up again?

It is quite usual these days that real estate companies offer up to ￥100000 discount for their objects to attract buyers. Aggressive marketing and advertising campaign are all over Xi'an, a sign for a hot market situation. The average price in Xi'an now falls between 4500 RMB-4800 RMB. About  300 apartments are sold each day while the profit for real estate companies is 10% per successfull sale.

Since a lot of capital is pumped into the real estate market to support the economy in these days, constructions are "growing" like "mushrooms". Therefore there are more houses and properties than buyers and that pushes down the price. It is a good moment to buy a real estate object!

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