Real estate development investment has maintained high growth rate. In the first three quarters, Nanning's real estate investment has maintained a growth of 19.8%, of which the real estate development investment has maintained a high growth rate of around 20%. The main reasons are as follows: First, the new projects have a large pulling effect. In the first three quarters, there were 80 new projects, and the number of new projects increased by 18.8% compared with that of the same period of last year. In total, the completed investment has boosted the city's real estate development investment by 33.8 percentage points. Second, the strength of large-scale projects is enhanced. The first three quarters saw 11 projects with an investment of more than 1 billion yuan, each with a total planned investment of more than 2 billion yuan. The total investment of the 11 projects (including land acquisition fees) accounted for 23.34% of the city's real estate development investment, driving the growth rate by 16.7 percentage points. Third, with the increasing tension of land supply, land prices have risen rapidly, and high land development cost has also contributed to the growth of development investment of Nanning. In the first three quarters, land acquisition fees accounted for 35% of development investment, up by 91.9% year-on-year, driving development investment up by 20.1 percentage points, and the city's fixed asset investment up by 8.1 percentage points.