Shantou China Real Estate

In Beijing, the average rent for an upper-middle-class apartment rose to CNY 1,000 per square meter ($150) per month in the first quarter of 2019, according to China Real Estate News. Coastal towns have been hit hardest by falling house prices in recent years. According to figures from China's National Bureau of Statistics, average rents in coastal cities like Shanghai, Guangzhou, Shenzhen, and Guangdong have risen faster than in the rest of the country.

In Shanghai, average residential property rents rose to CNY 1,000 per square meter ($150) per month in the first quarter of 2019, but fell slightly by 0.2% quarter-on-quarter. The change comes as a surprise to China, with prices up 3.5% in May and 4.3% year-on-year. Some of the more expensive properties in coastal cities such as Guangzhou, Shenzhen and Guangdong are also selling well, but are for free for the time being.

Rental yields in Beijing and Shanghai are also extremely low, averaging CNY 1,000 per square meter ($150) per month, according to the latest data.

Overall, the scale of the real estate market in Guangdong represents the phenomenon of bipolar aggregation in the region. That is, cities with high real estate prices are gradually converging on the Pearl River Delta region's Guangzhou and Shenzhen environs, but there are obvious regional differences, not just between them. Third, urban housing prices in China have been shown to have obvious spatial relevance, as most cities in Qingyuan and Shaoguan, in the north of Guang Dong, are in the LH quadrant, suggesting that other cities are within the LL quadrant. In the QingYuan - Shaogsuan area, all urban real estate prices are high, and the difference in real estate prices is increasing, creating a circular structure in which Shenzen and Guangzhen house prices gradually expand from high to low. Rental yields in Shanghai, Beijing and Shanghai are generally low, while those in Beijing, Shanghai and Hong Kong generally are not.

In Beijing, new residential property supply rose to 1.26 million square meters, with the biggest drop in April, when prices fell 3.64 percent from April 2014 to April 2015, according to SouFun, the operator of the country's largest real estate portal. In 2011, Shenzhen's house prices reached a record high of 2.5 million yuan per square meter, but are still below those in Guangzhou, Zhuhai, Foshan, Dongguan, and Shantou as measured by the total number of residential units in the city's housing market. Prices in Guangdong and Zhahai have reached 10,000 yuan per square meter, followed by Fosun, Dalian, Zhejiang, Guangxi, Qingyuan, Shenyang, Hubei, Jiangsu, Shandong, Guizhou, Shanghai and Shanghai, all of which have to do with the development of urban economies. House prices in Shenzhen are at their highest level since the mid-1990s.

But sales fell more than 50 percent in April, according to SouFun, the operator of the country's largest real estate portal. Sales also declined in Guangdong, Zhuhai, Foshan, Dongguan and Shantou, with sales of 1.2 million square meters in the first half of 2015.

In 1995, the market economy changed from planned economy and gradually brought about the commercialisation of housing. According to Savills China, Shantou, Guangdong, Foshan, Dongguan and Guangzhou are among the five largest residential property markets in the country, with a total of 1.2 million square metres.

Housing development has stabilized and the correlation with GDP is no longer obvious, but housing prices and GDP are of obvious relevance. A recent study by the National Bureau of Statistics (NBS) in Shantou showed that the increase in house prices over the last three years has been demonstrated to be driven by the growth rate of the country's gross domestic product (GDP), not actual GDP.

House price disparities have gradually widened, and the housing market is overvalued and overcrowded. Overall, the phenomenon of bipolar aggregation poses a significant risk to the development of the Shantou real estate market in the coming years.

Shanghai-based Antshares is a "Chinese blockchain" led by developer Erik Zhang, who studied Bitcoin and Ethereum and believes China needs its own blockchain solution. Yihua has opened 18 of its showrooms and more than 400 exclusive shops in Shantou, with a focus on high-end clothing, accessories and luxury goods. Old village quarters like this are being restored to attract business owners, locals and tourists.

For expats looking for a home to rent in China, there is a lot of competition when it comes to high-quality real estate. As the country is an important destination for emigrants, it has become less difficult to find a home in Shantou.

The real estate market in Guangdong Province has moved from a planned economy to a market economy, introducing a 15-year time series for the use of house price data in this paper, as it gradually realizes the commercialization of housing. The main reason for this is the increase in the number of residential and commercial properties in Shantou in recent years. This is explained by the fact that the land market is structured with unclear ownership rights.

More About Shantou

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