Post by account_disabled on Aug 30, 2023 5:22:07 GMT -5
Housing, as a product with special social and economic characteristics, on the one hand, is the most important need of human life and brings ever-increasing demand, while on the other hand, it is a highly liquid or quickly sellable and reliable collateral when participating in credit relations. In this sense, it occupies a large position in the economy of any country, especially at the macro level. On the other hand, the working population of our country is growing steadily. However, mere need is not enough. But that need can be transformed into a real need of the market only if it is equal to the purchasing power. But the source of purchasing power is directly related to economic development and growth of social wealth.
"Dream land" hotthon 2003 he
At the beginning of the interview, it was said that 70 percent of the construction Qatar Mobile Number List industry in Mongolia is occupied by the construction industry. So you see that the pressure on the economy is that high?
I dare say that the construction business is the main key to the business of the country. It should be said that this industry supports and supports more than 100 types of businesses. For example, the collapse of the real estate market in Hong Kong caused a financial and financial-economic crisis that spread throughout Southeast Asia, and many countries learned painful lessons from it. In the two years before 1997, when it was transferred from British ownership to China, real estate prices in Hong Kong, especially housing, doubled, and the people were very angry and critical about it.
However, immediately after returning to Chinese ownership, the Hong Kong government developed a program to build 85,000 housing units per year, quadrupling the housing supply. implemented a policy to suppress housing price inflation. Unfortunately, at the time, Southeast Asia's economy was in turmoil, and housing prices plummeted by about 70 percent. The government policy made it one of the main factors that led to the collapse of the country's economy. As people prefer to keep their money in cash, the income of the population has decreased and unemployment has increased, Hong Kong has significantly lost its competitiveness in the world. The localities and the press joined together to call the people to buy apartments, save the construction business, and started broadcasting information about the rise of real estate prices. Within 7 days, the sale of apartments increased 3 times, and the construction business improved significantly.
"Dream land" hotthon 2003 he
At the beginning of the interview, it was said that 70 percent of the construction Qatar Mobile Number List industry in Mongolia is occupied by the construction industry. So you see that the pressure on the economy is that high?
I dare say that the construction business is the main key to the business of the country. It should be said that this industry supports and supports more than 100 types of businesses. For example, the collapse of the real estate market in Hong Kong caused a financial and financial-economic crisis that spread throughout Southeast Asia, and many countries learned painful lessons from it. In the two years before 1997, when it was transferred from British ownership to China, real estate prices in Hong Kong, especially housing, doubled, and the people were very angry and critical about it.
However, immediately after returning to Chinese ownership, the Hong Kong government developed a program to build 85,000 housing units per year, quadrupling the housing supply. implemented a policy to suppress housing price inflation. Unfortunately, at the time, Southeast Asia's economy was in turmoil, and housing prices plummeted by about 70 percent. The government policy made it one of the main factors that led to the collapse of the country's economy. As people prefer to keep their money in cash, the income of the population has decreased and unemployment has increased, Hong Kong has significantly lost its competitiveness in the world. The localities and the press joined together to call the people to buy apartments, save the construction business, and started broadcasting information about the rise of real estate prices. Within 7 days, the sale of apartments increased 3 times, and the construction business improved significantly.