Real Estate Jun 28, 2022 08:55 AM (GMT+8) · EqualOcean
The National Bureau of Statistics recently released the China census yearbook -2020. According to the data, the per capita living area of Chinese households reached 41.76 square meters, with an average living area of 111.18 square meters, of which the per capita living area of urban households was 36.52 square meters. This set of data also has reference value for a correct understanding of the current real estate policy. First of all, from the overall data, China's per capita living area has exceeded the average level of about 40 square meters in developed countries, which means that the future housing demand is already small. Secondly, although the overall demand tends to be saturated, it is still obvious in various places. In recent years, in cities with large net population inflow and high housing prices, the per capita living area will be lower than the average, such as Beijing, Shanghai, Guangzhou and Shenzhen, which has also been verified in this statistics. This pattern illustrates two problems. First, this contrast is the main reason why the current real estate policy emphasizes the implementation of policies based on the city and one policy for one city; Second, to a large extent, it also shows that the real estate policy of the third and fourth tier cities in the future is still loose, but it is difficult to relax the real estate policy of the first tier cities in the future, because the supply and demand in these markets are still tight.