China’s real estate market is poised for substantial growth, as current demand for residential homes remains strong and housing prices continue to rise. Analysts predict that property developers of high-quality residential housing will be the most likely to gain in this expanding market. For more on this, see the following article from Property Wire.
Property developers in China who meet the demands of general home buyers are the most likely to perform well, according to analysts.
A report outlining the sales rankings of Chinese real estate companies in the third quarter of 2009 shows some dramatic changes with developers such as Evergrande Real Estate, Poly Real Estate and Gemdale taking the lead.
‘Following several months of increase, current prices for homes are far higher than just a few years ago.
Demand remains strong but it is crucial to provide cost-effective, high-quality residential housing to the general public,’ said an analyst at Diheng Real Estate Consulting.
‘Today, an increasing number of real estate developers are seeking to grab a larger shareof the market by offering products with outstanding price-performance ratios.
Property developers that meet the demand of general home buyers are the ones who will lead the growth of the Chinese real estate market,’ he added.
Indeed, according to Evergrande’s Board Chairman Xu Jiayin China’s real estate sector has entered a new era.
‘The key to realizing further development is to continue our quality-focused strategy and strengthen our leadership through quality products, while further enhancing our brand recognition globally,’ he said recently.
Evergrande Real Estate is relatively unknown outside China but it has been steadily building up its base within the country.
‘Pricing is undoubtedly the most critical factor affecting buyers and sellers in China’s domestic real estate market, added Jiayin.
Meanwhile, Taiwan’s property market is set for rapid growth as it opens itself up to more international partnerships, according to the author of a new book and government officials.
The Taipei city government has begun marketing itself as a tourist destination for people in Hong Kong and mainland China, a Taipei City tourism official said, and it expects that 1.1 billion Chinese tourists will visit the island each year.
This will inevitably have an impact on the property market in Taiwan, according to author Perng Pei-yeh. He predicts Taiwan’s property market could see investment US$1.15 trillion in the next few years.
This article has been republished from Property Wire. You can also view this article at Property Wire, an international real estate news site.