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11 Ministry Shanghai rent apartment says land prices account for 23% of housing prices on average Ministry Shanghai rent apartment says land prices account for 23% of housing prices on average
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Ministry says land prices account for 23% of housing prices on averagePublished: 27 Jul 2009 02:02:01 PSTLand prices accounted for an average of 23.2 percent of housing prices in China since the end of May this year, according to a survey conducted by Ministry of Land and Natural Resources. As many developers and the medias blame land prices for driving the prices of housing prices higher, the results of the survey say this is untrue.According to the survey carried out monitoring land prices in 105 cities, the maximum ratio of land prices to housing prices is 58.6 percent and a minimum of 5.3 percent. The ratio below 30 percent makes up 78 percent.It is understood that the highest sales prices in 620 cases was up to 45,000 yuan per square meter, with the lowest prices at 1,130yuan per sqaure meter. The highest ratio of land prices to housing prices were in the NewKent Apartments in Shijiazhuang in Hebei Province, reaching 58.62 percent, with the land price at 3,869 yuan per square meter and a sales price of 6,600 yuan per square meter.The report also revealed the factors influencing the ratio of the land prices to the housing prices. It indicates the market supply and demand determine the land price, while the land demand is directly influenced by the developers’ forecasts on housing prices.It also pointed out the different quotations for the land sale from enterprises were mainly based on their expectations on their profits.Besides the above factors, others, such as the capital flow of other industries in some areas also contributed to the ratio. Among all those factors, the fierce competition between the developers led by the law of "location better, easier to sell the house" is most important. Explore the World, Understand China!Please log on http://www.gloaltimes.cnlithium polymer 门禁 工作流 キャバクラ 京都 競馬 打标机 工业除湿机 减速机