The China Residential Real Estate Market Report is Segmented by Type (Villas and Landed Houses, Apartments and Condominiums) and by City (Shenzhen, Beijing, Shanghai, Hangzhou, Guangzhou, and Other Cities). The Report Offers the Market Sizes and Forecasts for the China Residential Real Estate Market in Value (USD) for all the Above Segments.

Key information about House Prices Growth

• China house prices dropped 4.1% YoY in Dec 2024, following a decrease of 4.8% YoY in the previous month.
• YoY growth data is updated monthly, available from Mar 1999 to Dec 2024, with an average growth rate of 7.4%.
• House price data reached an all-time high of 25.0% in Feb 2010 and a record low of -12.6% in Apr 1999.

Snapshot img

Real Estate Market Size 2025-2029

The real estate market size is forecast to increase by USD 1,258.6 billion at a CAGR of 5.6% between 2024 and 2029.

The market is experiencing significant shifts and innovations, with both residential and commercial sectors adapting to new trends and challenges. In the commercial realm, e-commerce growth is driving the demand for logistics and distribution centers, while virtual reality technology is revolutionizing property viewings. Europe's commercial real estate sector is witnessing a rise in smart city development, incorporating LED lighting and data centers to enhance sustainability and efficiency. In the residential sector, wellness real estate is gaining popularity, focusing on health and well-being. Real estate software and advertising services are essential tools for asset management, streamlining operations, and reaching potential buyers. Regulatory uncertainty remains a challenge, but innovation in construction technologies, such as generators and renewable energy solutions, is helping mitigate risks.

What will be the Size of the Real Estate Market During the Forecast Period?

Request Free Sample

The market continues to exhibit strong activity, driven by rising population growth and increasing demand for personal household space. Both residential and commercial sectors have experienced a rebound in home sales and leasing activity. The trend towards live-streaming rooms and remote work has further fueled demand for housing and commercial real estate. Economic conditions and local market dynamics influence the direction of the market, with interest rates playing a significant role in investment decisions. Fully furnished, semi-furnished, and unfurnished properties, as well as rental properties, remain popular options for buyers and tenants. Offline transactions continue to dominate, but online transactions are gaining traction.
The market encompasses a diverse range of assets, including land, improvements, buildings, fixtures, roads, structures, utility systems, and undeveloped property. Vacant land and undeveloped property present opportunities for investors, while the construction and development of new housing and commercial projects contribute to the market's overall growth.

How is this Real Estate Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Residential
  Commercial
  Industrial


Business Segment

  Rental
  Sales


Manufacturing Type

  New construction
  Renovation and redevelopment
  Land development


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK


  South America

    Brazil


  Middle East and Africa

By Type Insights

The residential segment is estimated to witness significant growth during the forecast period.

The market encompasses the buying and selling of properties designed for dwelling purposes, including buildings, single-family homes, apartments, townhouses, and more. Factors fueling growth in this sector include the increasing homeownership rate among millennials and urbanization trends. The Asia Pacific region, specifically China, dominates the market due to escalating homeownership rates. In India, the demand for affordable housing is a major driver, with initiatives like Pradhan Mantri Awas Yojana (PMAY) spurring the development of affordable housing projects catering to the needs of lower and middle-income groups. The commercial real estate segment, consisting of office buildings, shopping malls, hotels, and other commercial properties, is also experiencing growth.

Furthermore, economic and local market conditions, interest rates, and investment opportunities in fully furnished, semi-furnished, unfurnished properties, and rental properties influence the market dynamics. Technological integration, infrastructure development, and construction projects further shape the real estate landscape. Key sectors like transportation, logistics, agriculture, and the e-commerce sector also impact the market.

Get a glance at the market report of share of various segments Request Free Sample

The Residential segment was valued at USD 1440.30 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 64% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the market share of various regions, Request Free Sample

The Asia Pacific region holds the largest share of The market, dr

The real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in China was forecast to continuously increase between 2024 and 2029 by in total 194.5 billion U.S. dollars (+8.86 percent). According to this forecast, in 2029, the real estate transaction value will have increased for the seventh consecutive year to 2.4 trillion U.S. dollars. Find further information concerning the real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in Japan and the real estate transaction value in the real estate market in Paraguay. The Statista Market Insights cover a broad range of additional markets.

Forecast: Real Estate Contribution to GDP in China 2023 - 2027 Discover more data with ReportLinker!

Forecast: Real Estate Value Added in China 2023 - 2027 Discover more data with ReportLinker!

The real estate transaction value is forecast to experience significant growth in all regions in 2029. From the selected regions, the ranking by real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market is forecast to be lead by China with 2.4 trillion U.S. dollars. In contrast, the ranking is trailed by Saudi Arabia with 10.58 billion U.S. dollars, recording a difference of 2.4 trillion U.S. dollars to China. The Statista Market Insights cover a broad range of additional markets.

The Report Covers Commercial Real Estate Companies in China and the Market is Segmented by Type (office, Retail, Industrial (Logistics), and Hospitality). The Report Offers Market Size and Forecasts for the China Commercial Real Estate Market in Value (USD) for all the Above Segments.

The China Luxury Residential Real Estate Market Report is segmented by type (villas and landed houses, apartments and condominiums) and by cities (Beijing, Wuhan, Shanghai, Shenzhen, Guangzhou and Other cities). The report offers market size and forecasts for the China Luxury Residential Real Estate Market in value (USD billion) for all the above segments.

Forecast: Value Added of Real Estate in China 2023 - 2026 Discover more data with ReportLinker!

China PMI: Real Estate: Inventory data was reported at 30.100 % in Dec 2009. This records an increase from the previous number of 29.800 % for Nov 2009. China PMI: Real Estate: Inventory data is updated monthly, averaging 38.400 % from Jan 2008 (Median) to Dec 2009, with 24 observations. The data reached an all-time high of 49.200 % in May 2008 and a record low of 29.800 % in Nov 2009. China PMI: Real Estate: Inventory data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Business and Economic Survey – Table CN.OP: Purchasing Managers' Index: Non Manufacturing: Real Estate.

Asia-Pacific Prefabricated Housing Market size was valued at USD 48.2 Billion in 2024 and is projected to reach USD 94.8 Billion by 2032, growing at a CAGR of 8.8% from 2025 to 2032.

Key Market Drivers:

Rapid Urbanization and Housing Demand: The Asia-Pacific region is experiencing unprecedented urbanization rates, creating massive demand for quick and efficient housing solutions in urban areas. According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), the region’s urban population is expected to increase by 1.2 billion by 2030, with 60% of the population living in urban areas requiring an estimated 250 million new housing units. China’s Ministry of Housing and Urban-Rural Development reports that prefabricated buildings accounted for 32% of new construction in key urban areas in 2023, marking a 15% increase from 2020. This growth aligns with the government’s target to address urban housing demands through modern construction methods.

Property Investment in China decreased by 9.80 percent in February from -10.60 percent in December of 2024. This dataset includes a chart with historical data for China Property Investment YoY.

This paper examines the equilibrium price effects of the privatization of housing assets that were previously owned and allocated by the state. I develop a theoretical framework that shows that privatization can have ambiguous effects on prices in the private market, and tha the degree of misallocation of the assets prior to privatization determines the subsequent price effects. I test the predictions of the model using a large-scale housing reform in China. The results suggest that the removal of price distortions allowed households to increase their consumption of housing and led to an increase in equilibrium housing prices. (JEL L33, O18, P25, R31, R38)

Snapshot img

Commercial Real Estate Market Size 2025-2029

The commercial real estate market size is forecast to increase by USD 427.3 billion at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing significant shifts driven by key trends and challenges. The flexible office segment is gaining popularity due to the increasing preference for remote work and the rise of coworking spaces. Digital transformation is another major trend, with the integration of artificial intelligence, smart buildings, and virtual reality in real estate. Additionally, modular and portable buildings are becoming increasingly common, particularly in the logistics and industrial sectors, due to their cost-effectiveness and flexibility. Moreover, the advent of smart cities is revolutionizing the commercial real estate landscape. Visual content and analytics are becoming essential tools for real estate developers and investors, providing valuable insights into consumer behavior and market trends.
Hence, the market is undergoing a digital revolution, with flexible offices, smart buildings, and virtual reality leading the way. The increasing emphasis on remote work and online shopping, coupled with the rise of smart cities, is driving market growth. The integration of artificial intelligence, data analytics, and industrial automation is enabling automation solutions to transform the industry and enhance productivity.

What will be the Size of the Commercial Real Estate Market During the Forecast Period?

Request Free Sample

The market encompasses various property types, including offices, retail and hospitality, industrial and logistics, and multifamily. Current market dynamics exhibit activity, driven by the increasing demand for flexible workspaces, such as coworking spaces and conventional offices. Technology development plays a pivotal role, with virtual property tours and artificial intelligence enhancing the real estate consultancy process. Business owners in diverse sectors, from IT to boutique businesses, continue to lease or sell offices and industrial spaces. The Smart Cities mission propels the integration of technology into commercial real estate, fostering energy efficiency and improved tenant experiences. The overall size of the market remains substantial, reflecting the essential role of commercial real estate in driving economic growth. Data analytics and industrial automation are also critical components of this digital transformation, enabling automation solutions to streamline operations and enhance efficiency.

How is this Commercial Real Estate Industry segmented and which is the largest segment?

The commercial real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Offices
  Retail
  Leisure
  Others


Channel

  Rental
  Lease
  Sales


Geography

  APAC

    China
    India
    Japan


  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  South America

    Brazil


  Middle East and Africa

By End-user Insights

The offices segment is estimated to witness significant growth during the forecast period.

The offices segment In the market is experiencing significant growth due to evolving work patterns and corporate demands. Flexible work arrangements, hybrid models, and technological integration are driving the need for adaptable and technologically advanced office spaces. Businesses prioritize contemporary workplaces to attract and retain talent. Co-working spaces like Regus and WeWork, offering flexible office solutions, are gaining popularity. Major corporations, such as Google and Amazon, are investing in innovative office designs that foster collaboration and employee satisfaction. The offices end-user segment is projected to expand from 2024 to 2028, reflecting the ongoing transformation of workspaces to align with modern business trends.

This shift includes the integration of technology, such as virtual property tours, artificial intelligence, data analytics, and virtual reality, into commercial real estate. Additionally, sectors like IT, engineering, manufacturing, e-commerce, start-ups, and hospitality, retail are key contributors to the market's growth. The stable economic environment further supports the expansion of commercial real estate, particularly in Smart Cities and the industrial and logistics sectors. Developers, flex space centers, and information technology companies are actively responding to these trends by providing flexible and technologically advanced office solutions.

Get a glance at the market report of share of various segments Request Free Sample

The offices segment was valued at USD 476.50 billion in 2019 and showed a gradual increase during the f

The Asia-Pacific Office Real Estate Market is segmented by Geography (China, Japan, India, Australia, South Korea, and the Rest of APAC). The report offers market size and forecasts for the Asia-Pacific Office Real Estate Market in value (USD billion) for all the above segments.

Forecast: Real Estate Gross Value Added in China 2024 - 2028 Discover more data with ReportLinker!

Forecast: Number of Domestic Funded Enterprises for Real Estate Development in China 2023 - 2027 Discover more data with ReportLinker!

China Facility Management Market was valued at USD 52.01 Billion in 2024 and is projected to reach USD 102.8 Billion by 2032, growing at a CAGR of 8.89% from 2026 to 2032.

Key Market Drivers:

Rapid Urbanization and Commercial Infrastructure Development: According to China’s National Bureau of Statistics, the urbanization rate will reach 65.2% by 2023, with over 920 million people living in urban areas. According to the Ministry of Housing and Urban-Rural Development, commercial building space will exceed 12.8 billion square meters by 2022, with an annual growth rate of 8.3%, resulting in significant demand for facility management products and solutions.

Suzhou: Real Estate Investment: Year to Date: Residential data was reported at 207,984.000 RMB mn in Dec 2024. This records an increase from the previous number of 206,225.000 RMB mn for Nov 2024. Suzhou: Real Estate Investment: Year to Date: Residential data is updated monthly, averaging 64,220.000 RMB mn from Feb 2006 (Median) to Dec 2024, with 207 observations. The data reached an all-time high of 237,989.000 RMB mn in Dec 2021 and a record low of 5,115.430 RMB mn in Feb 2006. Suzhou: Real Estate Investment: Year to Date: Residential data remains active status in CEIC and is reported by Suzhou Municipal Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RK: Jiangsu: Suzhou Property.