上海住宅房地產(chǎn)市場調(diào)研和分析報(bào)告（英文版）-2024年1月上傳培訓(xùn)課件

INDUSTRIES

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MARKETSResidentialrealestateinShanghaiCHAPTER

01OverviewChinesecitieswiththehighestgrossdomesticproduct(GDP)in2021(inbillionyuan)ChinesecitieswiththehighestGDPin2021GDPinbillionyuan2,000

2,50005001,0001,5003,0003,5004,0004,5005,000ShanghaiBeijing4,321.54,027ShenzhenGuangzhouChongqingChengduHangzhouWuhanNanjingTianjinNingboQingdaoChangsha3,066.52,823.22,789.41,991.71,810.91,771.71,635.61,569.51,459.51,413.61,327.13/statistics/278939/chinese-cities-with-the-highest-gdpIn2021,ShanghaiwasthecitywiththelargestGDPinChina,reachingavalueaddedofapproximately4.3trillionyuan.ThefourChinesefirst-tiercitesBeijing,Shanghai,Shenzhen,andGuangzhouhadbyfarthestrongesteconomicperformance.ReadmoreNote(s):China;2021Source(s):NationalBureauofStatisticsofChinaSalepriceofresidentialrealestatein35largeandmedium-sizedcitiesinChinain2021(inyuanpersquaremeter)SalepriceofresidentialrealestateinChina2021,bycityPriceinyuanpersquaremeter010,00020,00030,00040,00050,00060,00070,000ShenzhenBeijing61,60146,941ShanghaiXiamenGuangzhouHangzhouNanjingNingbo40,97431,42530,58029,78127,93821,152HaikouTianjinWuhan16,40016,37015,504FuzhouXi'an15,28615,2214Description:In2021,theaveragepriceforresidentialrealestateinShenzhenwasover61.6thousandyuanpersquaremeter.ThiswasthehighestpriceamongallmajorcitiesinChina,withtheaveragepriceacrossthecountryamountingto16,533yuanpersquaremeter.ReadmoreNote(s):China;2021Source(s):NationalBureauofStatisticsofChinaResidentpopulationoftheadministrativeareaofShanghaimunicipality,Chinafrom1980to2022(inmillions)PopulationofShanghaimunicipality,China1980-20222624222018161412105Description:Accordingtoofficialfigures,around24.76millionpermanentresidentswerelivingintheadministrativeareaofShanghaimunicipalityin2022.Thiswas135,000peoplelessthaninthepreviousyear.ReadmoreNote(s):China;1980to2022Source(s):ShanghaiMunicipalStatisticsBureauPopulationdensityinShanghai,Chinain2021,bydistrict(inpersonspersquarekilometer)PopulationdensityinShanghai,China2021,bydistrictNumberofpersonspersquarekilometer10,000

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20,00005,00025,00030,00035,000TotalaverageHongkouHuangpuJing'an3,92630,44328,45126,193Putuo22,681YangpuXuhui20,26220,358ChangningBaoshanMinhangPudongnewareaJiading18,1648,3037,2104,7653,9963,201Songjiang6Description:In2021,thedistrictoftheShanghaimunicipalitywiththehighestresidentpopulationdensitywasHongkoudistrictwithanaverageof30,443peoplelivingononesquarekilometer.TheaveragedensityofthepopulationoftheShanghaimunicipalityintotalwas3,926peoplepersquarekilometerthatyear.ReadmoreNote(s):China;2021Source(s):ShanghaiMunicipalStatisticsBureauCompositionofresidentialhousingfloorareainShanghai,Chinain2021,bytype(in1,000squaremeters)CompositionofresidentialbuildingsinShanghai2021,bytypeFloorareainthousandsquaremeters200,000

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400,0000100,000500,000600,000700,000680,150800,000ApartmentsUnitedcolumnsresidencesOldresidentialblocks17,6009,610Improvedresidentialblocks

2,540Villas

1,864Simplehousing

907Description:Asof2021,therewere728.64millionsquaremetersofresidentialhousingstocksinShanghai.Morethan93percentofallfloorareasforresidentialpurposeswereapartments.Villasandunitedcolumnsresidencesonlyrepresented2.6and2.4percentofallresidentialfloorareasrespectively.Duetothelandpoliciesinthecountry,mostresidentialhousingsbuiltsincethehousingreformofthelate1990sinChinaarehighriseapartmentbuildings.ReadmoreNote(s):China;2021Source(s):ShanghaiMunicipalStatisticsBureauFloorareaofresidentialhousinginShanghai,Chinain2021,bydistrict(in1,000squaremeters)FloorareaofresidentialbuildingsinShanghai2021,bydistrictFloorareainthousandsquaremeters020,00040,00060,00080,000100,000120,000140,000160,000180,000PudongNewAreaMinhangBaoshanSongjiangJiading171,42084,81066,45055,23047,590PutuoXuhui38,23036,040Yangpu34,590FengxianJing'anQingpu32,79031,47031,090ChangningHongkou24,29021,8008Description:Asof2021,amongthe728.64millionsquaremetersofresidentialhousingfloorarea,23.5percentwerelocatedinthePudongNewAreaontheeasternsideoftheHuangpuriver.ThecentraldistrictsofHuangpu,Xuhui,Jing'an,andChangninggenerallyhadfewerhousingstocksthanthesuburbanareas.TheinnercityofShanghaihasoneofthemostcompetitivehousingmarketsintheworld,withtheaveragepricesfornewlybuilthomeswithinthecity'sinnerringroadexceeding[...]ReadmoreNote(s):China;2021Source(s):ShanghaiMunicipalStatisticsBureauTotalinvestmentinresidentialhousinginShanghai,Chinafrom1981to2021(inbillionyuan)TotalinvestmentinresidentialbuildingsinShanghai1981-20213002502001501005009Description:In2021,thetotalinvestmentinresidentialhousinginShanghaireached268.44billionyuan,representinganincreaseof9.5percentfromthepreviousyear.Sincethehousingmarketreformofthe1990s,investmentsinresidentialrealestateinShanghaiskyrocketed,fromlessthanfivebillionyuanin1991toalmost45billionyuanin2000.Thefiguregrewfurtheratamoderatespeeduntil2008,beforesubstantialinvestmentspouredintotherealestatesectoraftertheglobalfinancialcrisis.

ReadmoreNote(s):China;1981to2021Source(s):ShanghaiMunicipalStatisticsBureauCHAPTER

02Landlease,expropriation,andconstructionLandtransferrevenuegeneratedbyleadingcitiesinChinain2022(inbillionyuan)CitiesreceivingthehighestlandtransferfeesinChina2022Landtransferincomeinbillionyuan150

200050100250300350332.4ShanghaiHangzhouBeijing223.79177.64162.75156.16149.72137.37ChengduGuangzhouSuzhouNanjingXi'an121.36108.36107.21NingboChangzhou11Description:In2022,Shanghaireceivedmorethan330billionyuaninlandtransferfees.AsChina'smostprosperouscity,Shanghai'srealestatemarketremainedoneofthemostvibrantinthecountry.OthereconomichubssuchasGuangzhou,Beijing,andsecond-tiercitiessuchasHangzhou,Wuhan,andTianjinalsogeneratedhighincomesfromlandtransfers.ReadmoreNote(s):China;2022Source(s):199IT;58.comDistributionofnewlyleasedlandareainShanghai,Chinain2021,bypurposeBreakdownofnewlandarealeasedinShanghai2021,bypurposeCommercialservice7.3%Publicbuildings0.3%Storageofindustry44%Residence49.0%12Description:In2021,almost18.9millionsquaremetersofnewlandplotswereleasedinShanghai.AsChina'seconomichub,about44percentofnewlandwasdesignatedforstorageorindustrialpurposes,withanother7.3percentallocatedforcommercialbuildings.Almost48.5percentofnewlandplotswereleasedforbuildingnewhomesforresidents.ShanghaihasoneofthemostcompetitivehousingmarketsinChina,withpricesforlandplotleasesbeingamongthemostexpensiveinthecountry.

ReadmoreNote(s):China;2021Source(s):ShanghaiMunicipalStatisticsBureau;TotallandarealeasedforresidentialpurposesinShanghai,Chinafrom2011to2021(in1,000squaremeters)TotallandarealeasedforresidentialhousingsinShanghai2011-202120,00018,00016,00014,00018,89412,406.912,00010,0008,0006,0004,0002,000010,041.48,8628,328.17,342.36,849.76,722.96,585.45,882.620144,067201620112012201320152017201820192020202113Description:In2020,theannuallandarealeasedforresidentialpurposesinShanghaiamountedtoalmost19millionsquaremeters,representinganincreaseofaround365percentsince2016.AllurbanlandplotsinChinaaresolelyownedbythestate,andtheleaseoflandrightsisanimportantsourceofincomeforlocalgovernmentsinthecountry.ReadmoreNote(s):China;2011to2021Source(s):ShanghaiMunicipalStatisticsBureauNumberoflandplotsleasedforresidentialpurposesinShanghai,Chinafrom2011to2021NumberoflandplotsleasedforresidentialhousingsinShanghai2011-2021250219208200182182176160150150133126124931005002011201220132014201520162017201820192020202114Description:In2021,182newlandplotswereleasedtorealestatedevelopersforresidentialhousinginShanghai.Thenumberofnewlandplotleasesfluctuatedsignificantlyinthepastdecade.Thefiguredroppedfrom208in2011to93in2016,beforeincreasingagainin2018.InChina,allurbanlandplotsaresolelyownedbythestate,andtheleaseoflandrightsisavitalsourceofincomeforlocalgovernmentsinthecountry.ReadmoreNote(s):China;2011to2021Source(s):ShanghaiMunicipalStatisticsBureauTotalfloorareaofresidentialbuildingsexpropriatedinShanghai,Chinafrom2001to2021(in1,000squaremeters)TotalfloorareaofresidentialhousingsexpropriatedinShanghai2001-20219,0008,0007,0006,0005,0004,0003,0002,0001,00002001

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202115Description:In2021,around2.25millionsquaremetersofhousingstockswereexpropriatedinShanghai,representinganincreaseofaround68percentfromthepreviousyear.Althoughgrowingagainsince2018,therecentexpropriationfiguresarestillsignificantlysmallerthanthefiguresduringthefirsttenyearsofthiscentury,whentherapiddevelopmentandexpansionofShanghairesultedinlarge-scaledemolitionsandregenerationsofthecitycenter.ReadmoreNote(s):China;2001to2021Source(s):ShanghaiMunicipalStatisticsBureauFloorareaofresidentialbuildingsexpropriatedinShanghai,Chinain2021,bydistrict(insquaremeters)FloorareaofresidentialhousingsexpropriatedinShanghai2021,bydistrictFloorareaexpropriatedinsquaremeters30

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50010206070809089100PudongNewAreaHuangpuXuhui211ChangningJing'an0024PutuoHongkouYangpu5040MinhangBaoshanJiading00000FengxianChongming16Description:In2021,around225squaremetersofhousingstockswereexpropriatedinShanghai.Locatedintheheartofthemunicipalityandwithmanyoldneighborhoodsthatrequiredregeneration,Huangpudistricthad89squaremetersofresidentialbuildingsexpropriated,almostthesameasfiguresofHongkouandYangpudistrictscombined.The2021figuresdroppedtremendouslycomparedtotheyearof2020,presumablyduetothelockdownandCOVIDcontrolmeasuresinShanghai.As[...]

ReadmoreNote(s):China;2021Source(s):ShanghaiMunicipalStatisticsBureauAreaofresidentialbuildingsunderconstructioninShanghai,Chinafrom2016to2022(inmillionsquaremeters)AreaofresidentialpropertyunderconstructioninShanghai2016-20229080.7480.1477.5977.128070605040302010076.0375.274.46201620172018201920202021202217Description:ThisstatisticdisplaystheareaofresidentialbuildingsunderconstructioninShanghaifrom2016to2021.In2021,theareaofresidentialpropertyunderconstructioninShanghaiamountedtoaround76millionsquaremeters.ReadmoreNote(s):China;2016to2022Source(s):ShanghaiMunicipalStatisticsBureauCHAPTER

03PropertytransactionsAveragepriceofresidentialhousingsoldinShanghai,Chinainselectedyearsfrom1995to2021(inyuanpersquaremeter)AveragepriceofcommodityresidentialhousingsoldinShanghai1995-202140,00035,00030,00025,00020,00015,00010,0005,00001995

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202119Description:In2021,theaveragepriceofresidentialhousingsoldinShanghai,themostimportanteconomichubofChina,surpassed36,100yuanpersquaremeter,makingthecityoneoftheleastaffordablecitiesinthecountry.

ReadmoreNote(s):China;1995to2021Source(s):ShanghaiMunicipalStatisticsBureau;AveragepriceofnewlybuiltresidentialpropertyinShanghai,Chinain2022,bylocation(inyuanpersquaremeter)AveragepriceofnewlybuiltresidentialpropertiesinShanghai2022,bylocation140,000119,244120,000100,00080,00060,00040,00020,000093,77348,461WithintheinnerringBetweentheinnerandouterringOutsidetheouterring20Description:In2022,thepricefornewresidentialpropertyinShanghai'sinnerringdroppedbymorethan4,000yuanpersquaremeter,to119,244thousandyuanpersquaremeter.Althoughthelocalauthoritiesintroducedpoliciestostabilizethemarket,therealestatemarketinShanghai`scentraldistrictsremainedunderdownwardpressure,similartothoseexperiencedbyothermajorcitiesinChina.ReadmoreNote(s):China;2022Source(s):ShanghaiMunicipalStatisticsBureauValueofcommodityresidentialhousingsoldinShanghai,Chinainselectedyearsfrom1995to2021(inbillionyuan)ValueofresidentialhousingsoldinShanghai1995-2021700600500610.5523.33526.89445.72432386.44003002001000362.02333.61326.4292.34270.63239.54220.9206.47198.19190.61184.1160.85110.9973.9948.113.281995

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202121Description:In2021,thetotalvalueofresidentialhousingsoldinShanghai,Chinasurpassed610billionyuan,representingagrowthofaround83percentsince2017.Thisgrowthwasmainlyfueledbythesignificantpriceriseinresidentialhousinginthecity.In2017,thegovernmentofShanghaiintroducedseveralstrictregulationsonthehousingmarket,intendingtocurbspeculations.Thepoliciesresultedinasharpdeclineinthemarketbetween2016and2017,whilealsocausingfurtherprice[...]ReadmoreNote(s):China;1995to2021Source(s):ShanghaiMunicipalStatisticsBureauAreaofcommercialresidentialpropertysoldinShanghai,Chinafrom2012to2022(inmillionsquaremeters)SalesareaofcommercialresidentialpropertiesinShanghai2012-20222520.1620.0920.2201510517.8115.9315.6214.914.3413.4213.3313.5402012201320142015201620172018201920202021202222/statistics/993498/china-sales-area-of-commercial-residential-housing-in-shanghaiIn2022,theareaofresidentialrealestatepropertiessoldinShanghaiamountedtoaround15.6millionsquaremeters.Despitefearsofarealestatebubble,demandforrealestateinlargecitiesinChinaremainedhighandpricesincreasedyearbyyear.ReadmoreNote(s):China;2012to2022Source(s):ShanghaiMunicipalStatisticsBureauTotalfloorareaofexistinghomesexchangedinShanghai,Chinafrom1994to2021(in1,000squaremeters)Floorareaofsecond-handresidentialpropertiestradedinShanghai1994-202130,00025,00020,00015,00010,0005,0000199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202123Description:In2021,thetotalfloorareaofexistinghomestradedinShanghaiincreasedforthethirdyearinarow,reaching22.9millionsquaremeters.Thesecond-handresidentialhousingmarketwasgenerallystronginShanghaiinthepastdecades,asthecityenjoyedsubstantialeconomicdevelopmentandpopulationgrowth.However,astherearemorerestrictionsontheexchangeofsecond-handhousinginShanghai,andpolicieswereconsistentlyreviewedandchanged,theannualfiguresfluctuated[...]

ReadmoreNote(s):China;1994to2021Source(s):ShanghaiMunicipalStatisticsBureauTotalvalueofpersonalhousingmortgageloansinShanghai,Chinafrom2001to2021(inbillionyuan)ValueofpersonalhousingloansinShanghai2001-20211,8001,6001,4001,2001,00080060040020002001

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202124Description:In2021,thetotalvalueofpersonalhousingloansinShanghaiexceeded1.67trillionyuan,representingagrowthofaroundeightpercentfromthepreviousyear.Withthecity`shousingmarketbeingincrediblycompetitiveinthepasttwodecades,thetotalvalueofmortgageloansinthecityhasincreasedbymorethan24timessincetheturnofthecentury.ReadmoreNote(s):China;2001to2021Source(s):ShanghaiMunicipalStatisticsBureauTotalvalueofhousingprovidentfundloansinShanghai,Chinafrom2001to2021(inbillionyuan)ValueofhousingprovidentfundloansinShanghai2001-202160050040030020010002001

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202125Description:Bytheendof2021,thetotalvalueofhousingprovidentfundloansinShanghaireached558billionyuan,representingagrowthofmorethan12percentfromthepreviousyear.ThisstronggrowthreflectedthehighdemandsintheresidentialhousingmarketinShanghai.ReadmoreNote(s):China;2001to2021Source(s):ShanghaiMunicipalStatisticsBureauCHAPTER

04TherentalmarketAreaofleasedresidentialhousinginShanghai,Chinafrom2010to2021(in1,000squaremeters)AreaofrentalresidentialhousinginShanghai2010-20211,6001,4001,419.51,342.71,296.21,2861,205.91,2001,101.51,000857.2834.180060040020002010201520162017201820192020202127Description:ThisstatisticdisplaystheareaofleasedresidentialbuildingsinShanghaiinselectedyearsfrom2011to2021.In2021,theareaofleasedresidentialhousinginShanghaiamountedtoaround1.42millionsquaremeters.

ReadmoreNote(s):China;2010to2021Source(s):ShanghaiMunicipalStatisticsBureauShareofincomespentonrentbyrentersinShanghai,Chinaasof2022,bytypeofaccomodationrentedAccomodationcostsofrentersinShanghaiasof2022,bytypeofhousing30%26.2%25%23.2%20%15%10%5%0%CompleteapartmentrentersSharedapartmentrenters28Description:AccordingtoasurveyfocusingonrentersinChina'smajorcities,asofearly2022,rentersinShanghaidedicatedaroundone-fourthoftheirincomestorentpayments.Renterswholivedincompleteapartmentsreservedaslightlyhigherportionoftheirincomeforrentpaymentsthantheircounterpartssharingapartmentswithflatmates.ReadmoreNote(s):China;6240respondents;thenumberofrespondentsappliesfortenmajorcitiesSource(s):BeikeResearchInstitute;TsinghuaUniversity(DepartmentofArchitecture)DistributionofapartmentrentersinShanghai,Chinaasof2022,bytypeofaccomodationrentedDistributionofrentersinShanghai2022,bytypeofhousingRentingbedsinsharedrooms2%Rentingcompleteapartments42%Rentingroomsinsharedapartments56%29Description:AccordingtoasurveyfocusingonrentersinChina'smajorcities,asofearly2022,amongalargenumberofrentersinShanghai,morethanhalfwerelivinginsharedapartments.42percentofrenterslivedindependentlybyrentingcompleteapartments,whileonein50peoplesharedroomswithotherroommates.ReadmoreNote(s):China;6240respondents;thenumberofrespondentsappliesfortenmajorcitiesSource(s):BeikeResearchInstitute;TsinghuaUniversity(DepartmentofArchitecture)DistributionofapartmentrentersinShanghai,Chinaasof2022,bystatusofhouseholdregistrationBreakdownofrentersinShanghai2022,bystatusofhouseholdregistrationShareofrenters30%0%10%20%40%50%60%70%80%90%100%HouseholdregistrationsfromotherprovincesHouseholdregistrationofShanghaigainedlaterHouseholdregistrationsofShanghaibybirth86%7.3%6.7%30Description:AccordingtoasurveyfocusingonrentersinChina'smajorcities,asofearly2022,86percentofrentersinShanghaihadhouseholdregistrationsfromotherprovinces,whichmeansthattheyweredomesticmigrantstoShanghaifromotherregions.LessthansevenpercentofrenterswerepermanentresidentsofShanghaisincetheywereborn.Due