Summary
Chinese housing sector is relatively young but is one of the most dynamic sectors in the world. It has emerged as an important investment instrument for the people in China over the last decade. Despite the deepening economic gloom in the US and Europe as a result of the sub-prime mortgage debacle and ensuing credit crunch, China's housing sector remains on course for yet another year of double-digit growth. Favored by rapid urbanization, high savings ratio and government support, the industry is expected to grow at a CAGR of about 11% during our forecast period (2009-2013).
Although the market is not completely immune to the economic crisis, it started getting affected somewhere around mid-2008. This was largely due to rapid increase in housing prices as well as tight monetary policy and other administrative measures that were implemented at the end of 2007, in an attempt to rein in real estate investment. Now with prompt response of the government, high savings ratio and growing urbanization, the market has started showing signs of recovery since past some months and is expected to resume its growth in near future.
The government has announced a series of new measures to boost the domestic real estate market, which had shown signs of slowing amid the global financial turmoil. The measures are basically concentrated on tax reduction and relaxing restrictions on financial institutes to give loans to private home buyers.
Our report "China Housing Sector Outlook 2013" provides detailed analysis of the housing sector in China. It gives thorough insight into each of the housing segments like ordinary housing, luxury housing and subsidized flats. Most importantly, the report provides future outlook giving due regard to the impact of global economic crisis on the housing sector of the country. The report also discusses base drivers, opportunities and challenges being faced by the Chinese housing industry.
The report also gives a brief business description of the key players in the industry. The key players discussed are 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.
Table of Contents
1. Analyst View
2. Macroeconomic Analysis
3. Housing Industry Outlook
4. Market Segmentation
4.1 Ordinary Housing
4.2 Luxury Housing
4.3 Subsidized Flats
4.4 Housing Development Hubs
4.4.1 Beijing
4.4.2 Shanghai
5. Demand & Supply Analysis
6. Construction Material
6.1 Steel
6.2 Cement
6.3 Others
7. Industry Trends
7.1 Housing Finance
7.2 Housing Provident Fund
7.3 Rural Housing
7.4 Housing Prices
7.5 Rental Yields
7.6 Second Hand Homes
8. Housing Reforms & Government Measures
8.1 New Housing Policy
8.2 Regional Measures
8.3 Measures to Stabilize Housing Prices
9. Leading Players
9.1 China Vanke Co., Ltd.
9.2 China Housing & Land Development, Inc.
9.3 Shanghai Construction Co.,Ltd
9.4 Beijing Urban Construction Investment & Development Co., Ltd
9.5 Long Yuan Construction Group Co., Ltd
List of Figures
Figure 2-1: Economic Growth (%), 2008-2013
Figure 2-2: Disposable Income (US$/Head), 2008-2013
Figure 3-1: Housing Sales (Billion US$), 2003-2008
Figure 3-2: Forecast for Housing Sales (Billion US$), 2009-2013
Figure 3-3: Share of China in Asia-Pacific Housing Sales (2007)
Figure 3-4: Residential Real Estate Investments (Billion RMB), 2007 & 2008
Figure 3-5: Share of Residential Real Estate in Total Real Estate Investments, 2008
Figure 4-1: Housing Industry by Type (%), 2008
Figure 4-2: Housing Pattern (%)
Figure 4-3: Ordinary Housing Sales (Million Square Meter), 2002-2008
Figure 4-4: Luxury Housing Sales (Million Square Meter), 2002-2008
Figure 4-5: Subsidized Flat Sales (Million Square Meter), 2002-2008
Figure 4-6: Housing Pattern in Beijing (%)
Figure 4-7: Residential Property Sales in Beijing (Units), H1 2008 & H1 2009
Figure 4-8: Housing Pattern in Shanghai (%)
Figure 4-9: Luxury Apartment Sales in Shanghai (Units), 2008 & 2009
Figure 5-1: Number of Households (Million), 2008-2013
Figure 6-1: Crude Steel Consumption (Million Tons), 2002-2008
Figure 6-2: Share of Cement in Construction Material Market (2008)
Figure 6-3: Cement Consumption (Billion Tons), 2008-2013
Figure 6-4: Brick Sales (Billion US$), 2007 & 2008
Figure 7-1: Mortgage Loans (Trillion RMB), 2006-2008
Figure 7-2: Number of Second Hand Homes Sold in Shanghai (Apr 08 & Apr 09)
List of Tables
Table 4-1: Affordable Housing Construction Plan by City ('000 Square Meter), 2009
Table 7-1: Housing Prices, Rents & Rental Yields
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