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Due to the issuance of many favorable policies on traffic and infrastructure construction, the average housing price increased 17.8% y-o-y in Zhuhai in 2005, and the trading volume was 1.5 million square meters, up 43.7%. Meanwhile, the price of commercial residential houses increased more rapidly in Zhuhai in 2006, the average price reached RMB 4581, up 23.5% y-o-y; the trading volume amounted to 1.66 million square meters whose growth rate decreased to 10.7%.
However, the land supply volume in Zhuhai is limited, and only 700-800 thousand construction square meters commercial land was available annually in 2005 and 2006, so the promising prospect of Zhuhai real estate market attracted the entry of many Chinese and foreign large real estate companies, such as New World, Vanke, Gemdale, Yanlord etc, and the land competition becomes increasingly fiercer.
In addition to obtaining Huafa New City West via auction, Huafa also accelerated the step of merger and acquisition. It acquired the equities of two projects of Hongmenlou and Riviera. Up to the first quarter of 2007, the company had owned 3.08 million square meters land reserve in Zhuhai, which can be developed and used in the following five more years.
Ratio of Huafa Sales Value to Zhuhai House Sales Value
Supply and Demand Structure of Commercial Residential Houses
Huafa Land Reserves
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Due to the issuance of many favorable policies on traffic and infrastructure construction, the average housing price increased 17.8% y-o-y in Zhuhai in 2005, and the trading volume was 1.5 million square meters, up 43.7%. Meanwhile, the price of commercial residential houses increased more rapidly in Zhuhai in 2006, the average price reached RMB 4581, up 23.5% y-o-y; the trading volume amounted to 1.66 million square meters whose growth rate decreased to 10.7%.
However, the land supply volume in Zhuhai is limited, and only 700-800 thousand construction square meters commercial land was available annually in 2005 and 2006, so the promising prospect of Zhuhai real estate market attracted the entry of many Chinese and foreign large real estate companies, such as New World, Vanke, Gemdale, Yanlord etc, and the land competition becomes increasingly fiercer.
In addition to obtaining Huafa New City West via auction, Huafa also accelerated the step of merger and acquisition. It acquired the equities of two projects of Hongmenlou and Riviera. Up to the first quarter of 2007, the company had owned 3.08 million square meters land reserve in Zhuhai, which can be developed and used in the following five more years.
Ratio of Huafa Sales Value to Zhuhai House Sales Value
Supply and Demand Structure of Commercial Residential Houses
Huafa Land Reserves
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2005-2006 www.researchinchina.com All Rights Reserved |
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1 Company Profile 2 Local and External Demand boost the House Price in Zhuhai together 2.1 Transport environment improvement boost up the city attraction 2.2 House price increases rapidly, but the supply scale restricts the trading volume 2.3 Steady market operation, and the increase potential is promising 2.4 Comparatively high local consumption capacity 2.5 External demand is strong 2.6 Influence of many advantages on Nanwan3 Enterprise Development 3.1 Development Business and Land Reserves 3.2 Land Reserves 3.3 Group Reform 3.4 Financial Results 3.5 Profitability Forecast 3.6 Risk Analysis
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2005-2006 www.researchinchina.com All Rights Reserved |
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Ratio of Huafa Sales Value to Zhuhai House Sales Value Rights and Interests Reserves Increase and Land Reserves Investment, 2004-2007 Growth Rate of Average Trading Price and Trading Volume of House Supply and Demand Structure of Commercial House House Price/ Income Ratio of Three Large Cities in Guangdong Province, Q1 2007 Urban Per Capita GDP Ranking in Guangdong Urban Per Capita Disposable Income Ranking in Guangdong Unit Price Trend of Residential House of Macau, 2000 and Later Hengqin Island Position and Huafa’s Position in Nanping Hengqin Island Layout Plan Land Reserves Area per RMB-100 Market Value Location of Zhuhai and Zhongshan Projects of Huafa Group and Huafa Co., Ltd Assets Structure of Huafa Group Ratio of Advanced Receivables to Sales Income Construction, Finished and Settlement Areas Fluctuation of Profit Margin by Settlement Project Forecast of Net Profits, 2006-2009 Land Reserves of Huafa Total Area of Constructing Projects and Planning Projects Land Reserves of Huafa Group Periodical Expense Exists Decrease Space
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2005-2008 www.researchinchina.com All Rights Reserved
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