[Tree] Challenges and attractiveness of China's real estate market
Version 0.03 (2024-02-01 02:07:31.595000)
updates: China's real estate market has seen a shift from private firms to state-owned enterprises (SOEs), with SOEs gaining significant market share. Transactions conducted by state-backed firms account for nearly half of total sales among the top 100 real estate firms. Private firms have faced declining sales and low cash holdings, while SOEs have maintained their cash holdings. The divergence is due to market dynamics, policy shifts, and operational strategies. Private firms have pursued high-leverage and turnover growth models, while SOEs have focused on stable operations. The collapse of the private real estate sector poses risks to consumer spending, social stability, and the government's political standing. SOEs have emerged as a trustworthy alternative to private builders and are actively seeking strategic cooperation with private firms. However, their chronic inefficiency may present long-term challenges.
- ➔
Version 0.02 (2023-11-19 07:14:08.803000)
updates: China's home rental market growth amid property crisis
- ➔