In recent years, Chinese housing sector has become a matter of concern due to extreme surge in the residential housing prices. During 2010, housing prices rose enormously in the major cities of the country with no downfall. Real estate has emerged as a significant investment instrument for the people in China. Despite the deepening economic gloom due to the sub-prime mortgage debacle and ensuing credit crunch, China’s housing sector remained on course with a double digit growth in value terms in 2010.
According to our report, “China Housing Sector Outlook 2013,” the Chinese housing market was affected in the middle of 2008 due to the economic crisis, but the market recovered rapidly with government support. However, due to the government’s prompt response and strong demand (like savings ratio, and urbanization), the market recovered rapidly and resumed its growth path with a boom in housing sales in 2010. Moreover, with rapid urbanization, the China residential property market in terms of GFA is anticipated to grow at a CAGR of around 13% during 2012-2015.
In addition, the sales will further rise with the government’s new measures to control the rising prices in the domestic real-estate market. The new measures are laying more emphasis on promoting affordable housing in the country for the poor people and raising percentage of down payments for the first home buyers and ban of home loans for the third home buyers.
Our report “China Housing Sector Outlook 2013”, provides detailed analysis of the housing sectors in China. It gives thorough insight into each of the housing segments like affordable housing, luxury housing, and ordinary housing. Most importantly, the report also entails future outlook of the housing sector taking into consideration the effect of soaring prices in the housing sector of the country, base drivers, and the opportunities and challenges faced by the housing sector.
Additionally, the report also covers information about the key players in the industry and presents an overview of their business. Some of the key players covered in the report include China Vanke Co. Ltd, China Housing & Land Development Inc, Shanghai Construction Co. Ltd, Beijing Urban Construction Investment & Development Co. Ltd, and Long Yuan Construction Group Co. Ltd.