New government policies will limit price inflation and make housing in China more affordable.
San Francisco, CA (PRWEB) October 17, 2012
The development of the Residential Real Estate industry in China and the development of the Chinese economy as a whole have mutually benefited each other. In the five years through 2012, the industry has been growing at an annualized rate of 17.0% to an estimated $732.2 billion, says IBISWorld.
Although market share concentration within the industry remains low, there has been a large influx of new enterprises. Growing competition is forcing firms to enlarge their scale and enrich capital management capacity. Most well-established large enterprises, such as China Vanke, Evergrande Real Estate Group, China State Construction Engineering Corporation and Poly Real Estate Group, provide extensive real estate development services and are engaged in developing mixed use (i.e. residential, commercial and industrial) buildings.
Overheated development of the Residential Real Estate industry in China has led to inflated housing prices in China in recent years. As a result, the Chinese government has implemented property-purchasing limitations, price restrictions, housing tax reforms and loan limitations to promote the reasonable development of the industry and limit speculative activity. In addition, the government will promote demand low- and medium-income families by ensuring favorable housing loan terms and building more indemnificatory housing. Overall, IBISWorld anticipates that housing in China will become more affordable.
For more information, visit IBISWorld’s Residential Real Estate in China industry report page.
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IBISWorld Industry Report Key Topics
Businesses in the Residential Real Estate industry in China are primarily engaged in residential housing development, marketing, leasing, and sales. Services provided by this industry help clients in choosing homes to purchase or rent. This industry is not involved in building construction or the provision of services related to home hotels, school dormitories, camp sites, and apartment basements not for residence.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.