ecns [expanded by feedex.net]: Large property developers to take bigger market share

ecns [expanded by feedex.net]

ecns

Large property developers to take bigger market share
http://www.ecns.cn/business/2013/01-17/45969.shtml
Jan 17th 2013, 07:05

2013-01-17 16:05 chinadaily.com.cn     Web Editor: qindexing
comment


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.





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