Real Estate in China - Statistics & Facts

Published by Statista Research Department, Aug 12, 2014
As of 2011, there were 88,419 real estate developers in China, employing around 2.26 million individuals in the real estate market. Real estate developers invested over 4.4 trillion yuan ($709 billion) in the residential real estate market, accounting for 72 percent of total investments. Investments in contruction for commercial business, meanwhile, reached 742 billion yuan ($119.5 billion), representing 12 percent of the total. The investment figure for office property was 256 billion yuan ($41.2 billion), accounting for 4 percent.

Average national price per square meter (10.76 square feet) stood at 5,357 yuan ($863). The sale price for office buildings was the highest with 12,327 yuan, followed by buildings for commercial use with 8,488 yuan ($1,367) and residential property with 4,993 yuan ($804). Prices differ from province to province as well as city to city in China. In 2011, Beijing had the most expensive real estate, one square meter cost 16,852 yuan ($2,714), while Shanghai ranked second with 14,603 yuan ($2,352), and Zhejiang province took third place with 9,838 yuan ($1,584). Qinghai province had the least expensive property, selling one square meter for 3,249 yuan ($523).

Residential real estate had the highest level of investment, recording a year-on-year growth of 26 percent to 5.8 trillion yuan ($934 billion). The floor space under construction surged to 5.75 trillion square meters (61.9 trillion square feet), of which 1.47 trillion square meters (15.82 trillion square feet) of floor space started in 2011. The completed floor space totaled 1.97 trillion square meters (21.21 trillion square feet), and the revenue of sold residential property stood at 4.82 trillion yuan ($776 billion).

In 2012, the Chinese real estate company China Vanke was the market leader in terms of sales revenue, generating 141.8 billion yuan ($22.84 billion). Greenland Holding Group ranked second with sales revenue exceeding 107 billion yuan ($17.23 billion). Poly Real Estate Group occupied the third spot with 101.8 billion yuan ($16.39 billion) in sales revenue. In terms of sales area, Evergrand Real Estate topped the ranking, selling 15.36 million square meters (165 million square feet), followed by China Vanke with nearly 13 million square meters (140 million square feet) and Greenland Holding Group with 11.8 million square meters (127 million square feet) (258027).

Interesting statistics

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Real estate in China

Dossier on the topic

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TOP SELLER

Important key figures

The most important key figures provide you with a compact summary of the topic of "Real Estate in China" and take you straight to the corresponding statistics.

Residential Real Estate

Office Real Estate

Buildings for Commercial Business

Real Estate Developers

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