New 'China Districts 2016' Report From Real Estate Foresight Ranks Price and Volume Performance Across 220 Districts in 23 Major Cities in China
Hong Kong (PRWEB) September 21, 2016 -- Specialist analytics and financial technology firm Real Estate Foresight today published the annual analysis exploring the performance of the housing markets in China at a district level, covering 220 districts in 23 major cities and focused on January-July 2016 price and volume growth metrics for new home sales markets.
This second annual special report on China Districts presents Districts that stand out on multiple-criteria rankings for performance on growth in average house prices and gross floor area (GFA) volumes, with latest data for July 2016, focused on year-to-date year-on-year changes, and drawing on the underlying data from China Index Academy (SouFun-CREIS).
"Performance within a city can vary widely across different districts, especially that certain types of districts like Economic Development Zones, CBDs or ‘New Districts’ may carry more similarities to each other across cities than with other districts in their cities", commented Robert Ciemniak, Founder-CEO of Real Estate Foresight.
“Sizes of Chinese districts are large, making many look like what elsewhere would be considered a standalone city. The performance of districts with manufacturing plants or high-tech zones may be entirely dependent on the performance and outlook for the industries and supply chains operating there, and driving demand for local housing”, added Ciemniak.
Compared to a year ago, price growth rates across 220 districts are now much higher, with the 10th fastest growth rate at +62% compared to +24% a year ago and price growth on average at +16% compared to +2% a year earlier. Volume growth slowed down slightly from +54% to +44%. The range of price and volume changes is greater today than a year ago, though outliers tend to be relatively smaller markets.
There is no district that would be a top performer on both price growth AND volume growth over all other districts, the same case as in the previous report a year ago.
Among districts that stand out on strong performance - Hongkou (Shanghai), Qinhuai (Nanjing) and Xinzhan (Hefei) have enjoyed very strong combined average price (between +17% and +59%) and volume (between +183% and +402%) growth though the first two are relatively smaller markets in absolute size (see chart in the attachment).
ABOUT REAL ESTATE FORESIGHT
Real Estate Foresight is an independent real estate analytics, research and financial technology firm based in Hong Kong and established in 2012. Combining data science with primary research, Real Estate Foresight helps foreign investors and fund managers assess opportunities in real estate markets focusing on China. Services include the flagship China Forecast monthly research program, as well as bespoke market studies for due diligence and operational project decisions. Real Estate Foresight provides independent views as the company is not involved in any brokerage, trading or fund business.
For more information about Real Estate Foresight, visit http://www.realestateforesight.com and Quantiviable™ press release (http://www.prweb.com/releases/2016/05/prweb13420983.htm) for more information, stay connected @reforesight on Twitter (https://twitter.com/reforesight).
Contact: research(at)realestateforesight(dot)com
Robert Ciemniak, Real Estate Foresight Ltd, http://www.realestateforesight.com, +852 81701421, [email protected]
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