Review and forecast of Shenzhen real estate market
From Macro-economic point of view, Shenzhen economic growth has somewhat reduced in 2008, but the overall performance is still good. The real estate market which is closely related to macro-economy also appears cachexia. From January to November, a total volume of housing units for Shenzhen are 35,919 sets/3,319,300 square meters, which reduce 25.45%/28.47% compared with the same period last year; total sale volume for commercial houses are 61,275 sets /6,003,000 square meters, which increase 28.75% / 29.95% compared with the same period last year. 2008 January to November in Shenzhen, the average price of commercial housing is 12,998 yuan / sq m, which have dropped sharply.
Although the downward trend in the real estate market has preliminarily checked, there are many house stocks in the early stage, sales market situation for commercial residence is still grim, the market is difficult to organize an effective counterattack in the near future. It is expected in 2009, the new house transaction in Shenzhen market is likely to pick up, but there is a limited increase.
Shanghai Suning will open 20 stores next year
Suning Appliance Shanghai Management headquarters yesterday announced to open the 20 stores in Minhang, Baoshan, Fengxian, Pudong New Area, Xuhui, Jing’an, Huangpu, and other five districts. Currently, the number of stores in Shanghai has reached over 50, it is expected Suning store number will reach 70 in Shanghai in 2009, while the overall market share is expected to be more than half.
Suning Appliance: Shanghai Su Ning will recruit 3,500 employees in 2009
Yesterday, Suning Appliance Shanghai Management headquarters announced to open 20 stores in 2009 and recruit 3,500 qualified talents from all fields and realize the “industry leading” goal ahead of schedule. Large-scale store-opening needs to recruit a large number of people, Su Ning in Shanghai will recruit 3,500 people, including 200 college graduates, 300 mature human resources in retail, while the rest 3,000 people are Terminal Services staff.
The Financial Times, the three major Japanese non-life insurance companies to merge
Hexun hearing the news on December 29th, according to the “Financial Times” (Financial Times) it published an article that the three major Japanese non-life insurance companies, Mitsui Sumitomo Insurance Group Holdings Inc., Aioi Insurance Co. and Nissay Dowa General Insurance Co. about merger negotiations are likely to set up Japan’s largest non-life insurance company, through the combined costs and the improve of economic scale to improve their own competitiveness to promote and the level of profitability.
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