Over the five years through 2014, revenue for the Real Estate Development and Management industry in China is expected to expand at an average annualized rate of 17.1% to $1.25 trillion. Strong housing demand has supported the rapid development of the industry during the past decade. With China's large population and rapid urbanization, demand is growing for residential buildings developed by enterprises in the industry. Increased household income levels and low interest rates have enabled more people to purchase housing. There are over 101,500 developers operating in the industry employing 2.8 million workers with total wages of $44.0 billion.
The Real Estate Development and Management industry in China is primarily engaged in the development and management of real estate projects, infrastructure and buildings, as well as the reselling of developed real estate projects. Firms in this industry are also sellers and lessors of commercial buildings. The construction work of such buildings and infrastructure is included in the Building Construction industry (IBISWorld industry report 4710).
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.