The completed number of villas and high-grade apartments in China has seen significant fluctuations over the years. In 2023, the value stood at 143.75 thousand units. Between 2013 and 2023, peaks and troughs characterized the trend with notable spikes in 2016 (71.93% YoY) and dips in 2020 (-15.54% YoY). Over the last five years, the CAGR stood at 0.69%. The year-on-year variation in the last two years was 0.056% each.
Future trends to watch for:
- Stabilization of the growth rate, forecasted with a 5-year CAGR of 0.05%
- Marginal increase in the number of completed villas and high-grade apartments by 2028
