Recently, this reporter learned from Nanning City Real Estate Board since October 2009 since the average transaction price in Nanning commercial houses built there jump in prices of Nanning City is still the high price situation presents. Related to that investment into increased demand for rapid increase in property prices in Nanning major factor.

Data show that in January 2009 to December, average selling price of commercial housing was built in Nanning 5003.93 yuan / square meter, up 21.91 percent year. Average price of commercial housing turnover was 4656.02 yuan / square meter, up 22.03 percent. Particularly in October after the emergence of the new average price of commercial housing turnover increased by leaps and bounds. October transaction price of new commodity housing reached 5,524.97 yuan per square meter, to 5622.47 yuan in November, December up to 5791.63 yuan, in October rose 12.86 percent, Central, the growth rate was the highest single month. The growth from January to September were up 100-180 dollars per month rate increase, or no more than 7%.

Nanning Real Estate Board, said Huang Peng chief of property transactions, since the second half of 2009, Nanning City, China - ASEAN Business District area, higher quality properties for sale there all sold out within a day of "Day CD" phenomenon, an opening were looted. In particular, sent real estate fine decoration, a number of single room facilities, bed room, Erfangyiting so total is not high, for investment in Unit sales of hot, there line up of the situation, which investment demand as trading volume and price major factor in rapid increase.

From the statistical data, from January to December 2009 for investment in small apartment (60 sq m) set of transactions 9648, up 90.03 percent; 80-90 sq m Unit 10 174 sets of transactions, up 79.47 percent; 100-120 Unit transactions 12,277 square sets, an increase of 112.15%.

Guangxi Rong and Enterprise Group Co. group vice president, said Zhou Ying, Nanning purchase of outsiders in the gradual increase in the real estate market and become a major force in consumption. He said: "As Nanning China - ASEAN Free Trade Area and the North Bay Economic Development Zone of the frontier region, and received the UN Habitat Award, which have now become the property market to attract investment in Nanning factors, but some real estate speculators do not ask the price of investment behavior is not rational, which makes the real estate market risk, concentration of Nanning. "(Chow Tan Tan
Ling Guan Sheng)

Source: Economic Information Daily

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