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Start with 4 trillion GDP and read the KPIs of Shanghai's real estate market

author:Ten thousand in one room

In the past 2021, China's total GDP reached 17.7 trillion US dollars, and the total amount is constantly approaching 18 trillion US dollars. Compared with the same period in 2020, it has increased by 8.1%, temporarily ranking second in the world's GDP, and the growth rate is higher than that of most countries in the world.

Start with 4 trillion GDP and read the KPIs of Shanghai's real estate market

On January 19, the Information Office of the Beijing Municipal People's Government held a press conference on the economic operation of Beijing in 2021. Zhu Yannan, deputy director of the Beijing Municipal Bureau of Statistics, said that according to the results of unified accounting of regional GDP, the annual regional GDP reached 4,026.96 billion yuan, calculated at constant prices, an increase of 8.5% over the previous year.

Beijing has broken through four trillion yuan, but what about Shanghai?

Of course, the magic capital is broken four trillion and there is no suspense.

Why?

Because Shanghai's economic operation has never been crotched.

In the first three quarters of 2021, Shanghai's GDP was 3,086.673 billion yuan, an increase of 9.8% over the same period last year at comparable prices. (Data from Shanghai Bureau of Statistics)

In 2020, Shanghai's GDP will be 3,870.058 billion yuan, assuming that Shanghai's economic growth rate in the fourth quarter of 2021 will be the same as that in the first three quarters.

Then, Shanghai's GDP for the whole year of 2021 should be: 4,249.3 billion.

It is a bit excessive to say that it is far more than Beijing, but the first city with GDP is not controversial!

01

Shanghai, positive optimization

From the data of Shanghai in the first three quarters of 2021, the added value of the primary industry fell by 4.7% year-on-year, an average of 11.6% in two years; the added value of the secondary industry increased by 13.1% year-on-year, an average growth of 4.8% in two years; the added value of the tertiary industry increased by 8.7% year-on-year, and the average growth rate of the two years was 4.6%. The added value of the tertiary industry accounted for 74.1% of the city's GDP.

It can be seen that Shanghai is doing one thing, increasing the real industry and optimizing the industrial structure.

Huawei, HiSilicon, SAIC, COMAC, WuXi AppTec, SMIC, etc. are all representatives of advanced manufacturing.

At the same time, Shanghai has also ended the history of the Internet desert.

Shanghai Internet companies, led by Pinduoduo, have also invested heavily in the path of innovation and research and development.

Internet companies including Pinduoduo, AutoNavi, Baidu, Alipay and other Internet companies have gradually formed a matrix.

The Shanghai Stock Exchange, UnionPay and Alipay have played a huge role in the financial field.

In the first three quarters, Shanghai's industrial strategic emerging industries increased by 15.9% over the same period last year, and the average growth rate of 11.8% in two years. Among them, the output value of new energy vehicles, digital creativity and new energy increased by 2.3 times, 29.2% and 27.2% respectively year-on-year

Start with 4 trillion GDP and read the KPIs of Shanghai's real estate market

02

Import and export: Shanghai Port, which can carry the best

We all know China's troika: investment, exports, consumption; this year's currency tightening is not an era of big investment, and consumption is even more sluggish, the burden of economic development, exports naturally have to share more.

In this regard, Shanghai is even more than enough.

According to the latest data released by Shanghai Customs, the container throughput of Shanghai Port will exceed 47 million TEUs in 2021, an increase of 8% year-on-year, ranking first in the world for 12 consecutive years.

Start with 4 trillion GDP and read the KPIs of Shanghai's real estate market

According to the above ranking, the top five port areas with the largest container throughput in the Yangtze River Delta are Shanghai, Ningbo Zhoushan, Suzhou, Lianyungang and Nanjing.

Among them, Shanghai and Ningbo Ports are not only in the leading position in the country, but also cannot be underestimated in the world. Shanghai ranks first in the world, while Ningbo Zhoushan Port became China's second super port to exceed 30 million TEUs since 2011 this year, ranking third in the world.

In addition, in the list of the world's top 100 container ports, Taicang Port, Nanjing Port, Jiaxing Port, Nantong Port and other Yangtze River Delta ports belonging to the Suzhou Port District are also on the list.

Start with 4 trillion GDP and read the KPIs of Shanghai's real estate market

How fierce are the imports and exports of the Yangtze River Delta port led by Shanghai?

In the first 11 months of 2021, Shanghai's total import and export volume ranked first among the provinces/municipalities directly under the Central Government in the Yangtze River Delta, an increase of 17.1% year-on-year.

Jiangsu's total import and export volume ranked second, with a year-on-year increase of 17.3%.

Zhejiang's total import and export volume was 3,762.5 billion yuan, an increase of 22.9% year-on-year.

Anhui's total import and export volume in the first 11 months of 2021 increased by 26.5% year-on-year. It can be seen that in the process of accelerating integration into the Yangtze River Delta, Anhui has played a greater advantage of being a latecomer.

Start with 4 trillion GDP and read the KPIs of Shanghai's real estate market

03

The per capita disposable income is nearly 80,000, consumption is not pulled down, and there is confidence in buying a house

In the first three quarters, the per capita disposable income of Shanghai residents increased by 8.8% over the same period last year, and if the same growth rate was maintained in the fourth quarter, the per capita disposable income of Shanghai residents in 2021 was about 78,600 yuan.

At the same time, in the first three quarters, the city's total retail sales of consumer goods increased by 19.6% over the same period last year.

It can be said that when it is time to shoot, Shanghai not only can carry the top in import and export, but also never pulls its crotch in consumption.

In 2021, 92,425 new houses in Shanghai were sold in the whole year! Sold more than 20% more than in 2020!

Start with 4 trillion GDP and read the KPIs of Shanghai's real estate market

04

Without selling land, it still grows

For a long time, one of the impressions of the urban economy is land finance.

Shanghai, on the other hand, has proved with practical actions that the amount of money obtained from the sale of land does not affect the operation of the city.

Start with 4 trillion GDP and read the KPIs of Shanghai's real estate market

The number of residential land transfers in Shanghai in 2021 is 96, which is a new high in 7 years!

But at the same time, Shanghai's land financial dependence is not high.

The degree of financial dependence on land can generally be measured by the ratio of land sales revenue to general public budget revenue. If the financial dependence of land is measured by the income from land sales/general public budget revenue, who is the most dependent city?

Start with 4 trillion GDP and read the KPIs of Shanghai's real estate market

In contrast, Beijing, Shanghai and Shenzhen have the lowest financial dependence on land in the country, and are among the few cities with less than 50%. In major large and medium-sized cities, the financial dependence of 13 cities on land exceeds 100%.

Among them, Hangzhou and Foshan exceed 140%, ranking among the top three in the country. Nanjing, Wuhan, Guangzhou, Xi'an, Guiyang, Nanning, Changzhou, Zhuhai, Wenzhou, Kunming, Changchun and other places more than 100%, including many weak second-tier and even third- and fourth-tier cities.

Don't compare don't know, a contrast is scary!

Shanghai is not only an excellent city for epidemic prevention and control, but a champion of all materials!

The same is true in the property market!

05

Health prevention and control of the Shanghai property market

Shanghai's real estate market is arguably the healthiest market in first-tier cities.

With the support of nearly 80,000 per capita disposable income, Shanghai's per capita income ranks first in Chinese mainland cities; the elderly and children who do not engage in main labor are removed, and Shanghai is supported by a large number of middle-class people with an annual income of more than 30W.

The unit price structure of 10W+, Hongqiao and Zhangjiang 6W+, and 3-6W in the new city area is also reasonable.

Taking second-hand housing as an example, the unit price of 20,000-30,000 is still high, 30,000-40,000, 40,000-50,000, 50,000-70,000 proportions are almost between 15-20%, and the price segments are relatively balanced.

In terms of the total transaction price, the total price segment below 2 million in December accounted for 35% of the transaction, but from the perspective of the whole year, the total price of less than 3 million accounted for about 60%, while 3-4 million, 400-6 million, are between 10-20%, and the proportion of real estate with a total price of more than 8 million is low, which is in line with the overall income structure and purchase trend of the city.

At the same time, under the regulation of all parties, the panic of school district housing and the speculation of operating loans have been removed, and through the verification of bad price control and inflated information, the annual transaction volume of second-hand houses is also close to 28W sets, which is similar to the transaction volume in 2020, and complements the first-hand house, which can be described as an extremely healthy real estate market.

If your readers want to buy a house, you must remember a few points:

First, do not have a speculative mentality, in the case of a linkage price for new houses and a low price for second-hand houses, house prices will not soar in an all-round way;

Second, don't worry about plummeting, the transaction structure is extremely reasonable;

Third, look at the start, the buyer will not be less, the points are difficult to reduce;

The Shanghai property market will continue to be "stable", the local market will fluctuate, and the medium and long-term line will rise steadily!

In 2022, I wish readers: Happy buying a house!

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