Xiamen and the residential property market downturn related to the consumption of goods indifference
Posted on Apr-29-2008· by china investor
Xiamen City Bureau of Statistics released the first quarter of this year retail sales data, because the real estate market remains in the doldrums, construction and decoration materials, and other close contact with the real estate market consumer goods into the cold period.
Data showed that first quarter of this year sales of commercial property in Xiamen area 477,000 square meters, year-over-year decrease of 47.6 percent, more residents into the second home buyers and investment home buyers, and the residential renovation related to the consumption of goods followed Reduction. According to statistics, a quarter of household appliances and audio-video equipment to achieve retail sales of 417 million yuan category, representing an increase over the same period last year dropped by four percentage points, building and decorating materials to achieve retail sales of 25.899 million yuan category, year-over-year decline 20.7%.
Compared to domestic consumption of cold-related goods, automobile sales market has started to warmer. The first quarter of Xiamen active trading vehicle, warming up for sale. Statistics show that one quarter of the Xiamen City auto retail sales realized 1.599 billion yuan, up 29.8 percent, an increase over the previous year 40.6 percentage points higher than the same period. One cars in 6164, an increase of 20.7 percent. From the sales price, compared to last year, has been touted and low prices of cars this year, people turn more in favor with the perfect high-grade cars. (Reporter Li Huiying)
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