The real estate industry refers to a comprehensive sector integrating various economic activities centered on land and buildings, encompassing development, construction, operation, management, maintenance, decoration, and services. It is characterized as a pioneering, fundamental, driving, and risk-prone industry.
As an industry engaged in real estate investment, development, operation, management, and services, real estate belongs to the tertiary sector and possesses foundational, pioneering, driving, and risk-prone attributes. China, being a vast land-rich nation, has witnessed the real estate industry emerge as a pillar of the national economy, contributing significantly to the country's rapid economic growth. However, several critical challenges persist in its development process:
- Waste and Loss of Resources: Uncontrolled development and disorderly expansion have led to substantial waste of land resources and significant loss of state-owned assets.
- Increased Vacancy Rate of Commercial Housing.
- Short-Term Practices in Real Estate Development Damaging the Ecological Environment: Driven by the singular pursuit of economic benefits, developers have created excessively high building density and floor area ratios, lacking green spaces. Some projects neglect ecological environment protection and construction.
- Uncoordinated Relationship with the Financial Sector and Lack of Stable Funding Sources: The foundational system of real estate finance remains underdeveloped. In developed market economies, housing consumption credit typically constitutes about 70% of total real estate credit, whereas in China, it accounts for less than 10%, representing merely 1% of total bank loans. Achieving sustainable development remains a strategic imperative for China's real estate sector.
To support relevant academic research, CnOpenData has compiled basic information of industrial and commercial registered enterprises in China's real estate industry from 1950 to the present, based on the National Economic Industry Classification. This dataset vividly illustrates the evolution of China's real estate sector since the founding of the People's Republic.
Time Range
1950–2024.10
Field Display
Sample Data
Data Update Frequency
Annual Updates