In 2023, China's per capita expenditure on residences was below the forecasted 2024 value of 6.17 thousand Yuan Renminbi. Year-on-year growth from 2024 to 2025 is expected to be approximately 6%, increasing consistently through 2028, with an estimated CAGR of around 5.3% over the five-year forecast period. The doubling of the 2024 data indicates substantial positive growth.
Future trends to watch include urbanization rates, government housing policies, interest rates, and the evolving economic landscape in China, which could significantly impact residential expenditure patterns over time.
