Noida, UP India (PressExposure) November 10, 2011 -- According to our recent research report, "China Housing Sector Outlook 2013," the Chinese housing market witnessed a rapid growth over the past few years fuelled by rise in demand for affordable housing and government support. China's housing industry remained on course for a double digit growth and it is expected to grow at the same pace in the coming years also.
As per our findings, there has been enormous demand for affordable housing in the country for lower- and middle-income households. The Chinese Government has planned to build affordable housing and also investing huge amounts for the construction of affordable housing in the country. The government seems to be committed to resolve all the constraints and continue its effort on affordable housing projects. With ongoing rising construction projects, the gross floor area of affordable housing is anticipated to grow at a CAGR of around 17.5% during 2012-2015.
Apart from affordable housing, luxury housing demand is also growing tremendously due to increasing number of prospective buyers. The underlying reason for the growth of luxury housing segment is the rapid increase of the elite class population comprising of entrepreneurs and top-level management executives in the metropolitan cities. Besides, various other strong fundamental drivers discussed and analyzed in the report will enable this segment to sustain its upward growth trend in the coming years.
Furthermore, our report reveals prudent information on important aspects including housing demand and supply for the present as well as with a future perspective. Additionally, it also provides information on states with maximum and minimum housing shortage. This will facilitate our clients to identify prospective place/region for their investments.
Our report, "China Housing Sector Outlook 2013", provides detailed analysis of the housing sectors in China. It provides thorough insight into each of the housing segments including luxury housing, affordable housing, and ordinary housing. Most importantly, the report entails future outlook of the housing sector taking into consideration the effect of soaring prices in the housing sector of the country, base drivers, and the opportunities along with challenges. Additionally, the report also covers information about the key players in the industry and presents an overview of their business that can provide necessary insight to prospective clients.
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