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

In 2023, the cost of buildings completed for real estate development in China stood at a notable level, forming a basis for the subsequent forecasts. From 2024 onwards, the forecasted data suggest a gradual increase in costs. The year-on-year growth from 2024 to 2028 shows a consistent upward trend, indicating increases of approximately 2-2.5% annually. This steady rise suggests structural market transformations and evolving economic conditions. Over a five-year horizon from 2024 to 2028, the estimated CAGR (Compound Annual Growth Rate) portrays a relatively stable growth in costs.

Future trends to watch for include:

• Impacts of policy changes on real estate pricing.
• Fluctuations in the construction raw material costs and labor charges.
• The influence of macroeconomic factors on real estate investments.
• Potential shifts towards sustainable and technology-driven building practices that might affect cost structures.