Fitch – China’s housing demand to stay resilient through 2030

Ratings agency Fitch in its report titled ‘China Residential – Property Market Forecast’ says that China’s housing demand will remain relatively resilient over the next 15 years through 2030.

Key points

The volume of new commodity homes to be sold and completed will fall, but the magnitude of the decline is likely to be modest on an annualized basis

Short-term market volatility will persist

China would need to build 800 million square metres of residential-property space – the size of Singapore – a year between 2016 and 2030 to meet demand, more than 90% of which would have be met by commodity homes build by property developers, as affordable housing built by the state fails to keep up.