The China Real Estate Market is Expected to Reach USD 6.98 trillion by 2030

The rapidly growing urbanization, along with large-scale construction and infrastructure projects is driving the growth of the China real estate market.

According to the Next Move Strategy Consulting, the China Real Estate Market is valued at USD 5.30 trillion 2024, and is expected to reach USD 6.98 trillion by 2030, with a CAGR of 3.9% from 2025 to 2030. 

The rapidly growing urbanization and increase in population is increasing in China real estate market demand for housing and commercial spaces, resulting in fast expansion. According to a report by ORF, in 2023, the urban population of China reached up to 64% in 2022, that ultimately grew the demand for housing and infrastructure. Besides, the urbanization rate in the country will reach 59% by 2025. This rapid increase in urbanization creates demand for huge housing, commercial properties, and urban infrastructure, thereby driving real property market expansion in China. 

In addition, large-scale construction and infrastructure projects involve a significant rise in investment by the Chinese government, that helps fuel growth in the real property sector through increased demand for residential, commercial, and industrial properties. It finances new and smart cities, transport systems, and housing development that propels growth in urban areas and attract domestic and foreign investments. 

For example, the Chinese government in October 2024 announced an expansion of the White List Program, that ramped up bank lending for selected housing projects to about USD 562 billion by the end of the year. Such rise in government investment, coupled with favorable policies and incentives in the country, increases property values and further expands real estate market growth in China. 

However, the strict government policies in China, such as the Three Red Lines, strict mortgage lending rules and higher oversight on land acquisitions, hinders the growth of the real property sector. Such regulatory measures restrain developers and purchasers slows down the growth and China real estate market expansion of the country.

On the other hand, the adoption of green building initiative is expected to propel China real estate market growth in the upcoming years through incorporation of sustainable construction and energy efficient designs, attracting eco-conscious buyers and investors. For instance, The Chinese government adopted environmental sustainability strategy through adoption of green building technologies and renewable energy applications by 2025. The adoption of strategic initiative is anticipated to create ample opportunities for the market expansion in the forthcoming years.

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According to the report, the top key players operating in the China real estate industry include China State Construction Engineering Corporation, China Vanke Co., Ltd., China Resources Land Co., Ltd., Sunac China Holdings Limited, Shimao Group Holdings Ltd., Seazen Holdings Co. Ltd., China Railway Construction Corp. Ltd. (CRCC), China Poly Property Group Corporation, Guangzhou R&F Properties Co., Ltd., Century Golden Resources Group, Prologis Inc., Jones Lang LaSalle (JLL), Asia Pacific Properties Limited, Vivid Invest, Top Capital Group Ltd., CBRE Group, Inc., Evergrande Group, Longfor Group, Savillis Plc., Colliers International Group Inc. among others. 

Key Insights from the China Real Estate Market Report:

• The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.

• The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

• The China real estate market share of the players along with their competitive analysis are provided in the report.