Large property developers to take bigger market share
Updated: 2013-01-17 15:51
By Hu Yuanyuan (chinadaily.com.cn)
|
|||||||||||
China's real estate market will see further consolidation this year, with large-scale property developers taking more market share, real estate service provider World Union said in a report on Thursday.
The top 20 property developers had a 20 percent market share in the first three quarters of last year, and the trend is set to continue in 2013, the report said.
Financing difficulties, according to the report, will further disadvantage smaller developers, thus leading to a reshuffle in the market.
Mainstream products in key cities will face huge price hike pressure in 2013, due to the supply-demand imbalance, the report added.
Meanwhile, the home buyers confidence index, which is released by World Union, was at 57 in the fourth quarter of last year, up 0.4 percentage point quarter-on-quarter. The figure indicated that potential home buyers were more optimistic toward the real estate market.
Related Readings
Property developers' sales see solid growth in 2012
China Vanke's Dec sales surge
Poly Real Estate profits rise 28.69%
Related Stories
Chinese property developers plan to buy land in Cyprus 2013-01-16 17:27
China's property tax trial expansion in doubt 2013-01-14 13:39
Researcher plays down profit potential in property market 2013-01-10 17:21
Property developers' sales see solid growth in 2012 2013-01-07 16:59
Beijing's Dec property sales to reach record high in 2012 2012-12-28 16:07
Poly Real Estate profits rise 28.69% 2013-01-14 11:01
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |