Industry Analysis & Industry Trends
Strong housing demand has supported the rapid development of the industry during the past decade. With China's large population, housing demand is also high. Also, China's urbanization process has created more demand for residential buildings developed by enterprises in the industry, while increased household income levels and low interest rates have enabled more people to purchase housing.
In 2009, benefiting from high liquidity and favorable policies, speculative demand and repressed residential demand increased from 2008. China's real estate market increased strongly in 2009, with housing sales areas and sales values increasing significantly from 2008.... purchase to read more
Industry Report - Industry Products Chapter
Standard residential buildings
Standard residential buildings accounted for 75.1% of industry revenue in 2009. In terms of GFA (gross floor area), this segment is expected to account for 80.4% of the industry's volume in 2011, showing that the average price of this type of real estate is lower compared with other segments in the industry.
In this segment, from 2002 to 2011, the annualized growth rate of total GFA is expected to be 16.5%, reflecting the strong demand for these types of buildings.
Low-income (affordable) dwellings
Low-income (affordable) dwellings made up 1.5% of all buildings sold in terms of sales revenue in 2009. Houses within this segment are built to provide affordable dwellings for low-income households... purchase to read more