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Thursday, December 11, 2014
Enhanced Land Releasing Efforts across China Will Increase Real Estate Inventory
ANBOUND

Land releasing enthusiasm across China is soaring up at the end of this year. According to statistics, comparing with the same period of last month, the first week of December (i.e. from December 1st to December 7th) has witnessed an increase of 77% in land releasing in 40 major cities of China. ANBOUND researchers consider this, in a real estate market at its turning point, will further increase the already high pressure on real estate inventory. Till October this year, the proportion of commercial residential building on sale in those on construction has hit a record low of less than 10%. This means that the supply of commercial residential building is very large because of many constructions and few sales. In this circumstance, even favorable policies for real estate industry were released, market recovery of this sector would still need a certain time.

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