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Sale and rent of buildings in the
Lujiazui Finance & Trade Zone |
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Real Estate IndustryBy the end
of 2001, there were 639 real estate businesses in the Pudong New Area
with total assets amounting to RMB232.21 billion. From 1990 to 2001,
the aggregate investment in fixed assets by these businesses totaled
RMB115.92 billion, accounting for over 30% of the total investment
in fixed assets in the Pudong New Area. In 2001, the increase in value
of the real estate sector in Pudong was RMB6.74 billion, accounting
for 6.7% of Pudong’s GDP. Over the past eleven years,
a total of 51.27 million sq. m. of floor space has been developed.
Office
buildings completed in Lujiazui 84 office
buildings have been completed in Lujiazui, with a total floor space of
3,759,500 sq. m..
Source: Pudong
Today, ( Shanghai Pudong New Area Statistics Bureau,
1999) Sale
and rent of buildings in the Lujiazui Finance & Trade Zone In Lujiazui
Finance and Trade Zone, 621 buildings with a total floor space of
14.22 million sq. m. have been constructed and completed. The current
occupancy rate is 81.5%.
Lujiazui Central
Business District hosts mainly overseas financial institutions. By the end of
1998, 14 buildings have been built here. Current occupancy rate (let out,
sold and set aside for own use) has reached 61.4%.
New Shanghai
Commercial City is one of the busiest business centers of Pudong with a dense
flow of people and goods. The sixteen office buildings now house over 700
companies that engage in such fields as commerce, trade, finance and
industry. The occupancy rate is 69.7%.
The construction
of Century Avenue and the settlement here of the Merchandise Exchange have
speeded up the development of Zhuyuan Commerce and Trade Center. According to
statistics, 26 buildings have been completed with a total floor space of
353,000 sq. m. now being let out or sold. The occupancy rate (let out, sold
and set aside for own use) of the above-mentioned buildings is 59.1%.
By the end of
1998, the number of buildings developed by ministries and commissions of the
State Council had reached 67. Thirty-five of them, with a floor space of 1.2
million sq. m. have been built. Their occupancy rate (let out, sold and set
aside for own use) is 57.8%.
The total number
is 35. Fifteen have been built, providing floor space of 530,000 sq. m.. The
occupancy rate (let out, sold and set aside for own use) is 56.7%. |