Core Viewpoint - The real estate market in China is experiencing severe oversupply, yet developers continue to acquire land and build properties due to various economic and operational factors [1][3][12] Group 1: Reasons for Continued Land Acquisition - Local fiscal revenue is heavily reliant on land sales, with approximately 6.4 trillion yuan expected in land transfer income for 2024, accounting for 15%-30% of local government revenue [3][4] - Developers must continue acquiring land to maintain cash flow and secure loans from banks, as halting construction could lead to bankruptcy due to cash flow issues [7][12] - There remains a demand for housing in major cities, where developers focus on high-end projects, ensuring better sales prospects and higher returns [8][12] Group 2: Economic Impact - The real estate sector and its related industries employ around 56 million people in construction and over 80 million in material production and distribution, making the sector vital for local economies [10] - The real estate industry contributes significantly to local GDP, with its share ranging from 25%-30%, indicating that reduced activity in this sector could have substantial negative economic repercussions [10][12] Group 3: Challenges in Transition - Developers face significant challenges in transitioning to other industries due to their long-standing expertise in real estate, making it difficult to shift focus away from property development [11][12]
我国楼房已严重过剩,为什么开发商还要拿地盖楼?5个原因很现实
Sou Hu Cai Jing·2025-10-18 01:21