Industry Analysis & Industry Trends
The Realty Management industry in China has developed rapidly in line with the development of the Chinese economy. Increasing private housing ownership in cities and towns across China has boosted demand for realty management services in the past 10 years.
The industry developed rapidly between 2004 and 2007. However, recent government policies to curb inflation and the rapidly increasing housing prices have limited growth in the commercial and residential real estate sectors over the five years through 2012. As a result, fewer houses were built and growth in demand for realty management for newly completed projects slowed. However, in 2011, the Chinese government constructed 10 million units of indemnificatory houses (i.e.... purchase to read more
Industry Report - Starting a New Business Chapter
According to the Administrative Measures on the Qualifications of Realty Management Enterprises, realty management enterprises are separated into three grades based on their registered capital, managed area, and realty types.
New entrants belong to the third-grade qualification level for a minimum of one year. These enterprises can only manage residential buildings of less than 200,000 square meters and non-residential buildings of less than 50,000 square meters. Due to the rapid development of this industry, demand exceeds supply for realty management professionals and technicians with vast experience. These qualifications have been an increasing barrier for new entrants... purchase to read more