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Published by Jan 9, 2023
In 2021, the average construction cost in Shanghai amounted to 6,549 yuan per square meter which was the highest in the country. The average cost in China was 3,891 yuan per square meter.
Average construction cost of completed buildings per square meter in China in 2021, by region (in yuan)
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Source
Release date
October 2022
More information
Survey time period
2021
Supplementary notes
One yuan is approximately equal to 0.14 euros and 0.14 U.S. dollars (as of January 2023).
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Evergrande Group
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As a research expert with a focus on Greater China, I have an in-depth understanding of various industries, including real estate and construction. My expertise is built on extensive knowledge acquired through rigorous analysis of data, trends, and market dynamics in the region. I have a proven track record of providing valuable insights that contribute to a deeper understanding of economic landscapes and business environments.
Now, let's delve into the information presented in the article:
-
Average Construction Cost in Shanghai (2021):
- The article mentions that in 2021, the average construction cost in Shanghai was 6,549 yuan per square meter, the highest in the country.
- The national average construction cost for China in the same period was 3,891 yuan per square meter.
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Regional Variation in Construction Costs (2021):
- The data on average construction costs is further detailed by region in China. Unfortunately, the specific regional breakdown is not provided in the given excerpt, but it indicates that costs vary across different parts of the country.
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Currency Conversion:
- The article includes a note on currency conversion, stating that one yuan is approximately equal to 0.14 euros and 0.14 U.S. dollars (as of January 2023). This information is crucial for international readers who may want to understand the costs in their respective currencies.
-
Statista Platform and Additional Information:
- The article is sourced from Statista, a reputable statistical platform, providing access to a wide range of industry-specific and extensively researched technical data.
- Statista offers a variety of services, including market insights, consumer insights, company insights, and eCommerce insights, making it a valuable resource for professionals and researchers.
-
Statistical Visualization:
- The article includes a statistical visualization in the form of a graph, presenting the average construction cost in yuan per square meter. Unfortunately, the specific graph is not provided in the given text, but it is crucial for visualizing the data trends.
In conclusion, this article from Statista provides valuable insights into the construction industry in China, specifically focusing on the average construction costs in Shanghai and the regional variations. The inclusion of currency conversion information and the reputable source add credibility to the presented data. For a more comprehensive understanding, accessing the full report on Statista would be recommended.
