The sales of high-grade apartments and villas in China have experienced notable fluctuations over the years. From 2013 to 2023, the number of units sold varied significantly, with a marked dip in 2014 and peaks in 2017 and 2022. As of 2023, the sales volume stood at 292.68 thousand units, reflecting a slight increase of 1.92% from the previous year and providing a compound annual growth rate (CAGR) of 0.75% over the last five years.
Future trends to watch for include:
• Continuous but moderate growth, with a projected 5-year CAGR of 1.48% and an overall growth rate of 7.62% by 2028.
• Potential impacts of economic policies, urban development plans, and changing consumer preferences on the luxury real estate market.
• External factors such as global economic conditions and domestic regulatory adjustments, which could significantly influence future sales trajectories.
