In addition to the first-tier cities, the new first-tier cities are also the key areas of the current population inflow. So, what about the level of housing prices in the new first-tier cities?
A reporter from China Business News combed through the average unit price data of 15 new first-tier cities on China’s housing market platform and found that nine cities exceeded 20,000 yuan per square meter, among which Hangzhou ranked first and Nanjing was second. Wuhan and Xi ‘an in the central and western regions also exceeded 20,000 yuan per square meter.
Chengdu, Hangzhou, Chongqing, Xi ‘an, Suzhou, Wuhan, Nanjing, Tianjin, Zhengzhou, Changsha, Dongguan, Foshan, Ningbo, Qingdao and Shenyang are the new first-tier cities of 2021, according to the Business Charming Rankings of 2021, recently released by China Business News · New Tier 1 Cities Research Institute.
Hangzhou ranked first and Nanjing ranked second
According to the data, nine of the 15 new first-tier cities now exceed 20,000 yuan per square meter, with Hangzhou and Nanjing, two megacities in the Yangtze River Delta, exceeding 20,000 yuan per square meter. Hangzhou topped the list with 37,558 yuan per square meter. The gap has widened since Hangzhou overtook Nanjing at the end of last year, with housing prices in Hangzhou more than 3,500 yuan per square meter.
In recent years, led by the digital economy, Hangzhou has witnessed rapid economic development, a high income level, a large population inflow and a hot real estate market. Data from Hangzhou Bureau of Statistics show that in the first quarter of 2021, the core industries of the city’s digital economy achieved an added value of 112 billion yuan, up 28.1% year on year and an average growth of 16.6% in two years, accounting for 26.7% of GDP. Among related industries, the electronic information product manufacturing industry grew by 39.8 percent year-on-year, with an average growth of 14.4 percent in two years.
The average monthly salary in Hangzhou reached 10,499 yuan, ranking fourth in China after Beijing, Shanghai and Shenzhen, according to a report on China’s employer demand and white-collar talent supply in summer 2021 released by Zhaopin.com on July 2.
According to this year’s Hangzhou Municipal Government Work Report, Hangzhou will continue to become more attractive to talented people in 2020. In 2020, Hangzhou will introduce 436,000 new college students under the age of 35, with the net inflow rate of talents ranking first in China.
Nanjing ranked second with 34,016 yuan per square meter. In 2020, Nanjing’s GDP will reach 1,481,795 billion yuan, and its economic aggregate will be ranked among the top ten cities in China for the first time after entering the national GDP club of one trillion yuan for the first time in 2016. Nanjing land market is also relatively fervent. From May 20 to 21 this year, after two days of intense bidding, 51 residential land in the first batch of centralized supply in Nanjing were all successfully sold, with a total of 99.251.6 billion yuan, an overall premium rate of 18.15%.
In order to further promote the real estate market stable healthy development, later, on July 15, nanjing to promote stable and healthy development of the real estate market leading group office issued “about specification to purchase new commodity housing registration work notice, under which” commercial housing projects, in view of the partial high attention concentrated supply ways on sale “.
Pan hao of senior analyst of shell research institute thinks, on the one hand restrict apply for a person to be able to attend the purchase of a house that supplies a project centrally only to sign up, especially the project that may be brought below centrally offer ground setting to enter the market centrally, this action can avoid the market heat from certain degree false high, guide the person that buy a house to make rational choice. At the same time, building a new house online purchase platform will be more conducive to the priority to protect the rights and interests of “families without a house” and other just need buyers, which is also the Nanjing May 28 issued on the “further optimization of families without a house purchase work notice” to further supplement and optimize.
Reprint indicated source：Spark Global Limited information