Like many other cities in China,beginning with depression,Shenzhen's real estate market turns around at the end of 2012.In primary market,both the price and volume of residential market were rising.The price and volume of the office building market were both decreasing,and the vacancy rate was becoming higher.The commercial building market showed an increase of price and volume.In the secondary market,the residential and the office building markets were booming; the office building market decreased fluctuatingly.In the rental market,the rent of the residential and the office building market were increasing steadily; while the rent of the commercial building market decreased at first and then increased at the end.In the land market,the transaction of residential lands was at a base price.Mixed-used lands combining residence building and commercial building house were preferred.In land supply,orderly land development was carried out.The quality of the parcels was improved. Looking into 2013,control policies of real estate market are expected to continue.It may have a slowly bullish trend in the market.The supply and demand of residential land may be heavy.The strike price of residential land may be higher.The Qianhai center is under construction."Land reform" pilot will promote the collective land to transform an industry.The supply of land from urban renewal will be the main force.
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