中国房地产开发行业报告2013.pdf

Real Estate Development in China in 2013 WWW.IBISWORLD.COM.CN Real Estate Development and Management in China November 2013 3 Additional Resources For additional information on this industry: National Bureau of Statistics of China The Ministry of Land and Resources The Peoples Bank of China WWW.IBISWORLD.COM.CN Real Estate Development and Management in China November 2013 4 Industry Performance Executive Summary Over the five years through 2012, revenue for the Real Estate Development and Management industry in China has been expanding at an average annualized rate of 22.8% to $992.64 billion. Strong housing demand has supported the rapid development of the industry during the past decade. With Chinas 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 98,000 developers operating in the industry employing 2.6 million workers with total wages of $34.58 billion. Total assets in the industry are estimated at $4.39 trillion in 2012. ACMR-IBISWorld anticipates that in the next five years, the industry will experience slower growth of 10.8% per year to reach $1.66 trillion by 2017. With rising inflationary pressures and an overheating economy, Chinas relatively loose monetary policies to stimulate economic growth are not expected to continue. In addition, rapidly increasing housing prices have become a major social problem in China, limiting accommodation levels, increasing members per household, and increasing household debt levels. Interest rates will rise to control excess liquidity and the government will impose additional measures to address high housing prices. Key External Drivers The key sensitivities affecting the performance of the Real Estate Development and Managemen