General Urban Developing Plan of Tianjin

“Forging the Haihe River into a world famous river and driving Tianjin to become a world famous city”. This is the urban planning core of Tianjin City taking the opportunity of comprehensive development of Haihe River and driving the overall development. The urban space development for Tianjin City in the next 5 years has been determined, i.e. adopting the “first principal axis, extended periphery, expanded two wings, highlighted districts and counties, orderly protection” and forming an ecological pattern of “sea, mountain, water, farmland, city” with the “one belt, two wings, three towns and four districts” as the major urban developing areas.

The urban space layout forms the axial group structure of “one belt, two cores and three axes” taking the Jing-Jin developing axis as the principle axis. One belt: “corridor-type” metropolis belt with the principle Jing-Jin developing axis; two cores: central urban area and Tanggu urban area; three axes: developing sub-axes along the Ninghe River, Hangu, Tanggu and Dagang Coast, developing secondary axes along Ji County, Baodi, Beichen, Central Urban Area, Xiqing, Jinghai and Central Urban Area and Xiqing along the Jin-Bao Expressway.

Real Estate Development in Tianjin

Influenced by the renovation of Haihe River and increased housing removal amount, the real estate industry in Tianjin shows an ascending tendency this year in terms of sale price. But, the level of sale price is still at the middle level among the large and middle-sized cities.

Along with the sustained healthy development of Tianjin economy and gradual normalization of real estate industry in recent years, we can predict that the real estate industry in Tianjin will still keep the steady growing tendency.

Strong ascending momentum for the sale of commercial houses, especially after May 2003, showing an apparent enlarged increase step month by month.

The introduction of new commercial houses is speeded up. The quantity of introduced new commercial houses in this city is increased by 21.4% than the same period last year.

The price of commercial house is steadily rising. Average price of commercial house in this city is RMB 2660/m2, increase by 4.03% than the same period last year.

Commercial residential buildings lead the market. Among commercial houses for sale in this city, the commercial residential buildings are 94% of total quantity of commercial houses for sale.

Quick growth rate of futures marketable housing deals. Deals of futures marketable housing involves 1.442million m2 with a dealing amount of RMB 3.979billion, respectively increased by 152.41% and 172.35% than the same period of 2003.

The area of single-suite commercial house is increased with risen total price. In the first half year of 2003, average area of single-suite commercial house sold in this city was 101.7m2, raised by 4% than the same period last year. The sale amount of single-suite commercial houses of more than 120m2 area was increased by 76% than the same period last year. The average total price for single-suite commercial house was RMB 263,000, increased by 4% than the same period last year.

High dependency of residents on housing loan. The ratio of individual housing purchase in this city in the first half of 2003 was 99% with 3,784,600m2 area, 60.5% of which were purchased through loan. The loan is 34.6% of the individual housing purchase price. In the first half of this year, the real estate industry in Tianjin develops in a quick and healthy way. The investment in the first half year first broke through RMB 10billion, increased by 43% than the same period last year; The commercial housing on the market was 3.9million m2, increased by 21% than the same period last year with 3.82million m2 sold and RMB 10.2billion dealing amount, respectively increased by 47% and 53%. The secondary-level housing market saw the dealing of 2.21million m2, increased by 56%. The above two figures broke the records. The supply and demand of commercial housing in the fist half year is balanced with 3.9million m2 for sale and 3.82million m2 sold, reflecting a reasonable market and demand ratio and basically maintaining the balance between production and sale.