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Published in:
2021 | OriginalPaper | Chapter
The Evolving Real Estate Market Structure in China
Author : Bing Wang
Published in: Understanding China’s Real Estate Markets
Publisher: Springer International Publishing
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In recent decades, the real estate sector emerged as one of the key drivers of China's economic growth engine. However, limited work has sought to illustrate the evolving market structure and key players within this sector, especially from a historic perspective. This chapter provides an overview of the formational trajectory of China’s real estate market structure over the past 40 years and characterizes two critical players of the industry: state-owned enterprises and publicly-listed real estate companies. The chapter highlights the complexity of the real estate market’s institutional characteristics and introduces the intersection among China’s urbanization, the evolving structure of its real estate sector, and the potential trajectory of critical real estate players.