Forecast: Floor Space of Buildings Completed of Enterprises for Real Estate Development in China

In 2023, the floor space of buildings completed by real estate development enterprises in China was 82.50 ten million square meters. Forecasts from 2024 to 2028 indicate a consistent decline, with annual values decreasing from 79.52 to 68.06 ten million square meters. The year-on-year change depicts a steady reduction in completion rates: 3.67% (2024), 3.66% (2025), 3.73% (2026), and 4.05% (2027) from the previous forecasted years. Looking over the five-year period, the compound annual growth rate (CAGR) averages at approximately -3.75% annually.

Future trends to watch for include:

• The impact of government policies on real estate regulations.
• Economic shifts that could influence construction demand.
• Advancements in sustainable building practices affecting project completions.
• Urbanization trends and their effect on the need for new building completions.