Welcome!

News Feed Item

Townization Benefiting Real Estate Industry, Wanke and Evergrande Gaining Initiative

BEIJING, Jan. 13, 2013 /PRNewswire/ -- China's real estate market is recovering gradually as the new townization, which is called "the greatest development potential of China in the forthcoming decades" by the Central Government, has been elevated to a national strategy. Faced with the development opportunity brought by the new policy of townization, Chinese real estate enterprises are exploring ways of winning out on the market and leading the industry.  

Relevant statistics show that, in the upcoming 10 years, China's new demand for residences (including indemnificatory apartments) is about 15.7 billion m2, including over 5 billion m2 to meet the demand of first-time home buyers in the newly increased urban population and the home improvement demand of existing population and nearly 6 billion m2 to meet the demand of old housing replacement and upgrading. The progress of the townization process will provide a broad development space for the future residential market.

This means that, under the general trend of new townization, the growth of China's real estate demand will be the fastest around the world in the future ten years and rigid demand will become the primary drive. 

Currently, the market demand of tier-3 cities has yet to be fully tapped and these cities will be the "major battlefield" of real estate markets. According to Mr. Li Zhong, General Manager of Regal Lloyds International Real Estate Consultants Co. Ltd., as the conflict between population and resources gets more prominent continuously in the extra-large cities represented by Beijing, Shanghai, Guangzhou and Shenzhen and the growth of urban population has begun to hit the ceiling, townization that features "sporadic development" will bring the continuous increase of urban population and the concomitant demand for housing improvement.

The word "sporadic" here means provincial capital cities like Kunming, Fuzhou and Hefei and the fairly developed tier-3 cities like Jiaxing and Shaoxing. Under the development mode of new townization, the demand for improvement of residential conditions unleashed during the townization in a large number of central cities not in a traditional sense is identified as the new performance growth powerhouse of real estate enterprises.

The large real estate enterprises are cutting up the "big cake" of tier-3 market. Among them, Wanke, Merchant Property and Evergrande may become the biggest beneficiary of the new townization policy thanks to advanced layout. Data show that Wanke has increased its land projects by 23 since Q3 last year, which occupy about 1.48 million m2 of land according to the calculation based on equity and are mostly located in tier-3 cities, including Xuzhou, Guiyang and Putian. In the first 3 quarters of 2012, Merchant Property obtained 970,000m2 of land, a sharp rise from the same period of the previous year, which is mostly concentrated in tier-2, tier-3 and even tier-4 cities.

The performance of Evergrande is eye-catching. As a real estate enterprise of China that is the earliest to implement a strategy for tier-2 and tier-3 cities, Evergrande now has the widest layout in tier-3 cities. This strategy has enabled it to take a leading position on the market immediately when the implementation of the new townization policy started. In 2012, its sales increased by 14.8% to 92.32 billion yuan, 98% of which was sourced from the projects in tier-2 and tier-3 cities, obviously benefiting from the new townization policy. Recently, Bank of America Merrill Lynch noted that Evergrande would remain the biggest beneficiary of urbanization in 2013 and expected that its sales under contract would increase by 20% in 2013 to 110 billion yuan, thus maintaining its "buy" rating and raising its target price from 4 HKD to 5.75 HKD.

SOURCE Sina Leju

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With 15% of enterprises adopting a hybrid IT strategy, you need to set a plan to integrate hybrid cloud throughout your infrastructure. In his session at 18th Cloud Expo, Steven Dreher, Director of Solutions Architecture at Green House Data, discussed how to plan for shifting resource requirements, overcome challenges, and implement hybrid IT alongside your existing data center assets. Highlights included anticipating workload, cost and resource calculations, integrating services on both sides...
In his session at @DevOpsSummit at 19th Cloud Expo, Yoseph Reuveni, Director of Software Engineering at Jet.com, will discuss Jet.com's journey into containerizing Microsoft-based technologies like C# and F# into Docker. He will talk about lessons learned and challenges faced, the Mono framework tryout and how they deployed everything into Azure cloud. Yoseph Reuveni is a technology leader with unique experience developing and running high throughput (over 1M tps) distributed systems with extre...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, discussed how leveraging the Industrial Internet a...
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., and Logan Best, Infrastructure & Network Engineer at Webair, focused on real world deployments of DDoS mitigation strategies in every layer of the network. He gave an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He also outlined what we have found in our experience managing and running thousands of Linux and Unix ...
Cloud analytics is dramatically altering business intelligence. Some businesses will capitalize on these promising new technologies and gain key insights that’ll help them gain competitive advantage. And others won’t. Whether you’re a business leader, an IT manager, or an analyst, we want to help you and the people you need to influence with a free copy of “Cloud Analytics for Dummies,” the essential guide to this explosive new space for business intelligence.
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Choosing the right cloud for your workloads is a balancing act that can cost your organization time, money and aggravation - unless you get it right the first time. Economics, speed, performance, accessibility, administrative needs and security all play a vital role in dictating your approach to the cloud. Without knowing the right questions to ask, you could wind up paying for capacity you'll never need or underestimating the resources required to run your applications.
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
The best-practices for building IoT applications with Go Code that attendees can use to build their own IoT applications. In his session at @ThingsExpo, Indraneel Mitra, Senior Solutions Architect & Technology Evangelist at Cognizant, provided valuable information and resources for both novice and experienced developers on how to get started with IoT and Golang in a day. He also provided information on how to use Intel Arduino Kit, Go Robotics API and AWS IoT stack to build an application tha...
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...