The Effects of Chinas 12th Five Year Plan and Beyond on Real Estate Market:
The effects of Chinas 12th five year plan and beyond on real estate market:
Name:
Instructor:
Institution:
Course:
Date:
Introduction:
Major developer’s, as well as, overseas investors has a foothold in the mainland china and is keeping a closer look at the central government in every move, and more so on macroeconomic measures and changes in regulations and rules. The high end office market in southern and northern china experienced increases in rental and high rates of occupancy, which were notably driven by the ever growing land. Office rentals in shanghai, eastern china, in Ningbo and Nanjing showed reasonable increases while a decline in rentals of office was reported in the third quarter in Hangzhou (China real estate investment handbook, 2011). The high –end retail leasing market in various china cities started picking up in 2010 as a result of market demand return. In the year 2009 and 2008, international retailers implemented a cautions scrutiny towards the market as a result of the global financial crisis which led to delay in stores opening. Nonetheless, they regained the much need assurance in the market in the year 2010, and they increased their expansion (Diener, 2011). The central government tightening issues has had a significant impact in the residential real estate sector, the sales of residential property attained to a record high in the year 2010. In cooling down property market, as well as, dispiriting speculative investments, sorts of control measures were introduced.
Body:
The draft proposal on china’s 12th Five year plan (2011-2015) was released in late 2010, which avails an outlook into the future directions and steps for sustainable growth of china’s real industry. Investors shall be required to be well advised to ally themselves with the new policy guidelines that the central government has charted in the 12th five-year plan.
The plan highlights significant economic challenges of china that require to be
Name:
Instructor:
Institution:
Course:
Date:
Introduction:
Major developer’s, as well as, overseas investors has a foothold in the mainland china and is keeping a closer look at the central government in every move, and more so on macroeconomic measures and changes in regulations and rules. The high end office market in southern and northern china experienced increases in rental and high rates of occupancy, which were notably driven by the ever growing land. Office rentals in shanghai, eastern china, in Ningbo and Nanjing showed reasonable increases while a decline in rentals of office was reported in the third quarter in Hangzhou (China real estate investment handbook, 2011). The high –end retail leasing market in various china cities started picking up in 2010 as a result of market demand return. In the year 2009 and 2008, international retailers implemented a cautions scrutiny towards the market as a result of the global financial crisis which led to delay in stores opening. Nonetheless, they regained the much need assurance in the market in the year 2010, and they increased their expansion (Diener, 2011). The central government tightening issues has had a significant impact in the residential real estate sector, the sales of residential property attained to a record high in the year 2010. In cooling down property market, as well as, dispiriting speculative investments, sorts of control measures were introduced.
Body:
The draft proposal on china’s 12th Five year plan (2011-2015) was released in late 2010, which avails an outlook into the future directions and steps for sustainable growth of china’s real industry. Investors shall be required to be well advised to ally themselves with the new policy guidelines that the central government has charted in the 12th five-year plan.
The plan highlights significant economic challenges of china that require to be
Bibliography: Diener. (2011). China’s 12th Five-Year plan and its implications for the real estate market Newsletter Q2 page 1-4. Accessed at: http://www.dienersyz.com/wp- content/uploads/DS_Newsletter_Q2_2011.pdf China real estate investment handbook, the details that make a difference. (2011). China real estate industry practice page 1-23 Accessed at: http://www.deloitte.com/assets/Dcom- China/Local%20Assets/Documents/Industries/Real%20estate/cn_RE_investmentHB_040 511.pdf The economist. (2011). The 12th Five-Year Plan: China’s Economic Transition Economist corporate network. Accessed at: http://www.finnode.fi/files/39/The_12th_Five- Year_Plan_Chinas_Economic_Transition.pdf