Many people only begin to consider arranging a burial place for their elders after they pass away. Some even feel extremely resistant to discussing such topics, considering it unlucky. However, with changing times, people’s mindsets have gradually evolved. An increasing number of individuals are now embracing new perspectives and choosing to purchase a Buddha Columbarium in advance.

Today, from an economic standpoint, let’s examine the advantages of advance reservation of a Buddha Columbarium:

1. Development of the Funeral Industry
   In urban areas, cremation is mandatory after death, and interment is only permitted in public cemeteries. Cemetery land is a limited resource. Due to the non-renewable nature of land resources and the strict national policy of preserving 1.8 billion acres of farmland, the approval process for new cemeteries has become increasingly stringent.

   For instance, Shanghai has not approved any new cemetery land for over two decades. The total cemetery land in Shanghai is less than 15,000 acres, which translates to just 0.03 square meters per person. However, the national standard suggests one square meter per person for cemetery land. This means only one-thirtieth of Shanghai’s population can be buried within the city after death.

   Currently, the starting price for an ordinary grave in Shanghai is CNY 140,000, while slightly better options cost around CNY 200,000. In comparison, the average price for suburban housing is about CNY 35,000 per square meter, whereas high-end graves can cost up to CNY 200,000 per square meter—far exceeding housing prices.

2. Supply and Demand Imbalance
   Official data shows that by the end of 2016, Shanghai’s registered population had reached 23 million, with 3.5 million aged 60 and above. The annual death toll ranges from 120,000 to 150,000, yet the total remaining available graves in Shanghai at that time were less than 100,000—far from sufficient. The current situation is even more alarming.

   Large-scale rural redevelopment has further increased the demand for cemetery spaces. According to traditional Chinese culture, the deceased should be laid to rest in peace, and a Buddha Columbarium can only be used once. With limited supply and growing demand, price increases are inevitable. Statistics indicate that the price of a Buddha Columbarium rises by about 10% to 20% annually.

3. Cost-Effectiveness of Advance Purchase
   Currently, the national pension for retired employees in Shanghai starts at CNY 70,000. An ordinary double Buddha Columbarium can be purchased for just over CNY 30,000. This means that by planning ahead, a family can save up to CNY 100,000 for two people. However, as prices continue to rise, the potential savings diminish over time.

   Take the current lowest price as an example: CNY 30,000 × 10% = CNY 3,000. This means delaying the purchase could result in an annual loss of at least CNY 3,000—and this doesn’t even account for the depreciation of money stored in banks. Have you ever calculated this cost? Wouldn’t you prefer to leave this money to your children? Moreover, advance purchase of a Buddha Columbarium is also believed to bring blessings and longevity!

Sales Manager: Mr. Luo
HuaHeng Columbarium Factory Jiangxi, China