2010 Commercial real estate Comparative analysis of types and investment risks
In Beijing, Xi'an, Dongguan and Wuhan, Vanke has made every effort to build three large-scale commercial real estate projects and a high-end business hotel project, with a total investment of 10 billion yuan. In Beijing, Vanke will launch a total of 400000 square meters of commercial supporting facilities this year, including Vanke Lanshan G1 and G3 buildings, as well as Changyang Project and No. 5 Commune and other commercial parts. Yu Liang, president of Vanke, announced a new strategy: Vanke will increase investment in commercial real estate in the future, and will successively launch a variety of property types such as pension properties, hotels and commercial supporting facilities. Jindi Group also said that it would further increase investment in commercial real estate, coupled with the current hot sales of office products represented by Shimao Gongsan. Greenland Group announced that it will increase investment in commercial real estate in first and second tier cities this year, and purchase commercial plots located in first and second tier cities such as Beijing and Shanghai. Since the beginning of 2009, Poly has been aggressively acquiring land, and more importantly, it has spent 35 billion yuan on Chongqing Hongensi plot, Beijing Daxing Huangcun plot, Chengdu consulate plot, Nanjing, Guangzhou, Foshan and other large urban plots. Nearly 40% of these plots will be used for commercial buildings. Poly aims to invest 30% of the total investment in commercial real estate by 2012, and hold high-quality properties in some core areas.