Real estate market recovers in Urumqi
( chinadaily.com.cn )
Updated: 2016-06-16
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The 4-day long Urumqi Summer Real Estate Transaction Expo held in the Xinjiang International Conference Center ended on June 12.
There were 1,125 newly-built commercial housing deals with a transaction volume of 870 million yuan ($132million), which exceeded the results of the spring expo.
The expo demonstrated real estate projects including residences, stores and offices in 57 buildings from 38 property companies to meet diverse consumption needs and reduce the stock of the real estate companies.
The Urumqi Statistical Office released data showing that the investment and sale volumes of Urumqi properties are surging.
Yang Yang, the marketing manager of the Tuscany Italian Style Town, said that in contrast to last year, his office is receiving many calls seeking information about housing. It showed that the industry is recovering thanks to the support of government policies.
Pan Chuanjun, the head of the real estate division of the Urumqi Construction Committee, noted that the successful real estate expos held these years have become an Urumqi brand, encouraging the conference center to hold more sizable ones to meet the demands of Urumqi companies and residents.
By Qiu Guizhen and edited by Peter Nordinger
