China-Real Estate/January/February

China issues January, February real estate situation

  • English

Shotlist


Beijing, China - March 14, 2019 (CCTV - No access Chinese mainland)
1. Various of press conference in progress
2. SOUNDBITE (Chinese) Mao Shengyong, spokesman, National Bureau of Statistics (partially overlaid with shot 3):
"Our positioning of the real estate market is that houses are for habitation, not speculation. We are also accelerating the establishment of a long-term mechanism give the general public and investors a clear head so that they can adopt more rational purchasing behaviors."
++SHOT OVERLAYING SOUNDBITE++
3. News conference in progress
++SHOT OVERLAYING SOUNDBITE++
4. Various of reporters listening, taking notes
5. SOUNDBITE (Chinese) Mao Shengyong, spokesman, National Bureau of Statistics:
"There are two reasons. The first is land purchase increased rapidly in the beginning. The second reason is that the construction progress of real estate enterprises in these two months has accelerated this year, promoting real estate investment."
6. Reporters listening
7. Photographers
8. SOUNDBITE (Chinese) Mao Shengyong, spokesman, National Bureau of Statistics:
"In addition, there are also some constraints. The statistics of January and February shows land purchase area decreased, and the sales area of commercial housing also decreased. There are some supporting factors and also some constraints in real estate investment. For the next step, some local governments will continue to optimize and adjust policies. Therefore, the trend of real estate investment needs further observation."

FILE: China - Exact Location and Date Unknown (CGTN - No access Chinese mainland)
9. Various of buildings

Storyline


China's National Bureau of Statistics reported the real estate development investment and sales situation of the first two months of 2019 at a press conference on the current economic situation held by the State Council on Thursday.

The overall trend of housing prices is relatively stable, in terms of housing price changes in 70 large and medium-sized cities across the country. In the first two months of this year, the total floor space of commercial housing sold fell by 3.6 percent.

Mao Shengyong, spokesman of the National Bureau of Statistics said rational purchase behavior helps to maintain stable housing prices.

"Our positioning of the real estate market is that houses are for habitation, not speculation. We are also accelerating the establishment of a long-term mechanism give the general public and investors a clear head so that they can adopt more rational purchasing behaviors," he said.

National real estate development investment reached 1.21 trillion yuan (179.9 billion U.S. dollar) from January to February, increasing by 11.6 percent. The growth rate was 2.1 percentage points higher than that of 2018.

Among the investment, residential investment was 871.1 billion yuan (130 billion U.S. dollar), an increase of 18 percent, with the growth rate increasing by 4.6 percentage points, which accounted for 72.1 percent of real estate development investment.

"There are two reasons. The first is land purchase increased rapidly in the beginning. The second reason is that the construction progress of real estate enterprises in these two months has accelerated this year, promoting real estate investment," explained Mao.

Mao said there were supporting factors that will promote stable growth of real estate investment in the future, but some constraints still exist.

"In addition, there are also some constraints. The statistics of January and February shows land purchase area decreased, and the sales area of commercial housing also decreased. There are some supporting factors and also some constraints in real estate investment. For the next step, some local governments will continue to optimize and adjust policies. Therefore, the trend of real estate investment needs further observation," said Mao.

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  • ID : 8105724
  • Published : 2019-03-15 14:04
  • Last Modified : 2019-03-15 14:06:01
  • Location : China
  • Category : economy, business and finance
  • Duration : 1'52
  • Audio Language : Chinese/Nats/Part Mute
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Version : 2

China-Real Estate/January/February

China issues January, February real estate situation

Dateline : March 14, 2019/File

Location : China

Duration : 1'52

  • English


Beijing, China - March 14, 2019 (CCTV - No access Chinese mainland)
1. Various of press conference in progress
2. SOUNDBITE (Chinese) Mao Shengyong, spokesman, National Bureau of Statistics (partially overlaid with shot 3):
"Our positioning of the real estate market is that houses are for habitation, not speculation. We are also accelerating the establishment of a long-term mechanism give the general public and investors a clear head so that they can adopt more rational purchasing behaviors."
++SHOT OVERLAYING SOUNDBITE++
3. News conference in progress
++SHOT OVERLAYING SOUNDBITE++
4. Various of reporters listening, taking notes
5. SOUNDBITE (Chinese) Mao Shengyong, spokesman, National Bureau of Statistics:
"There are two reasons. The first is land purchase increased rapidly in the beginning. The second reason is that the construction progress of real estate enterprises in these two months has accelerated this year, promoting real estate investment."
6. Reporters listening
7. Photographers
8. SOUNDBITE (Chinese) Mao Shengyong, spokesman, National Bureau of Statistics:
"In addition, there are also some constraints. The statistics of January and February shows land purchase area decreased, and the sales area of commercial housing also decreased. There are some supporting factors and also some constraints in real estate investment. For the next step, some local governments will continue to optimize and adjust policies. Therefore, the trend of real estate investment needs further observation."

FILE: China - Exact Location and Date Unknown (CGTN - No access Chinese mainland)
9. Various of buildings


China's National Bureau of Statistics reported the real estate development investment and sales situation of the first two months of 2019 at a press conference on the current economic situation held by the State Council on Thursday.

The overall trend of housing prices is relatively stable, in terms of housing price changes in 70 large and medium-sized cities across the country. In the first two months of this year, the total floor space of commercial housing sold fell by 3.6 percent.

Mao Shengyong, spokesman of the National Bureau of Statistics said rational purchase behavior helps to maintain stable housing prices.

"Our positioning of the real estate market is that houses are for habitation, not speculation. We are also accelerating the establishment of a long-term mechanism give the general public and investors a clear head so that they can adopt more rational purchasing behaviors," he said.

National real estate development investment reached 1.21 trillion yuan (179.9 billion U.S. dollar) from January to February, increasing by 11.6 percent. The growth rate was 2.1 percentage points higher than that of 2018.

Among the investment, residential investment was 871.1 billion yuan (130 billion U.S. dollar), an increase of 18 percent, with the growth rate increasing by 4.6 percentage points, which accounted for 72.1 percent of real estate development investment.

"There are two reasons. The first is land purchase increased rapidly in the beginning. The second reason is that the construction progress of real estate enterprises in these two months has accelerated this year, promoting real estate investment," explained Mao.

Mao said there were supporting factors that will promote stable growth of real estate investment in the future, but some constraints still exist.

"In addition, there are also some constraints. The statistics of January and February shows land purchase area decreased, and the sales area of commercial housing also decreased. There are some supporting factors and also some constraints in real estate investment. For the next step, some local governments will continue to optimize and adjust policies. Therefore, the trend of real estate investment needs further observation," said Mao.

ID : 8105724

Published : 2019-03-15 14:04

Last Modified : 2019-03-15 14:06:01

Source : China Central Television (CCTV)

Restrictions : No access Chinese mainland

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