Floor space construction started in China 1998-2021
In 2021, the expanse of newly started real estate construction in China amounted to 1.99 trillion square meters. Since the housing reform in 1998, the figure increased almost uninterrupted until 2013, before going through a phase of adjustments and weak demands. With a new wave of stimulus measures implemented in 2016, the expanse of new constructions started to increase again.