After more than thirty years of development, China's property management industry is striving to get rid of the situation of disorderly market development and the lack of supporting regulations and normative documents to assist the industry's development. At present, the corresponding legal norms have been introduced across the country to assist the industry to move towards the path of benign development. This article details the development of China's property management market size in recent years.

Property industry, the main listed companies: At present, the domestic property industry-related listed companies are China Merchants cum Yu (001914.SZ), Nandu property (603506.SH), BGPS (06098.HK), Greentown services (02869.HK), elegant life services (03319.HK), Evergrande Property (06666.HK), Colorful Life (03319.HK), New Joy City Services (01755.HK), China Overseas Property (02669.HK), Aoyuan Health (03662.HK), Hoping Yulife (03913.HK), and CR Vanguard Life (01209.HK).

The core data of this article: China's property under management floor area data, China's property management industry revenue data, etc.

Industry enters a period of diversified development

In the early 1980s, with the implementation of China's reform and opening up national policy, property management was introduced by Hong Kong Introduced to Shenzhen. Shenzhen, as the recognized birthplace of property management in the territory, is the industry's pioneer and promoter, in the development of the industry has created a number of firsts: March 10, 1981, Shenzhen, the first professional company involved in the management of foreign commercial properties - Shenzhen Property Management Company was formally established, began to implement a unified property management of foreign commercial properties in the Shenzhen Special Economic Zone, marking the birth of the property management industry in the country!

On June 28, 1993, Shenzhen set up the first domestic property management association - Shenzhen Property Management Industry Association; 1994, Shenzhen promulgated China's first local property management regulations, "Shenzhen Special Economic Zone Residential Property Management Regulations".

From the establishment of the first property management company in Shenzhen, China's property management industry has experienced the beginning of the exploration period, integration and standardization of the period and the diversification of the development of the three phases, as shown in the following chart:

Market concentration continues to increase

With the development of China's property management industry, the property management company to provide the property-related services cover a wider and wider range of areas, mainly including residential properties, commercial properties, office buildings, public **** properties, industrial parks, and hospitals, among others.

Since 2015, the building area under management of China's property management industry has continued to improve, and by the end of 2020, the building area under management of China's property management has grown to 25.9 billion cubic meters, representing an increase of approximately 2.0 billion square meters as compared to the same period of the previous year.

According to the development of the top 100 property management enterprises released by the CII, since 2015, China's top 100 property management enterprises in the management of the building area has grown rapidly, and in 2020, China's top 100 business management enterprises in the management of the building area has doubled compared with 2015, growing to 12.9 billion square meters. At the same time, the top 100 enterprises in the management of the building accounted for a continuous increase, from 28.6% in 2015 to 49.8% in 2020, overall, China's property management industry market concentration continues to grow.

Total industry revenue maintains positive growth

From the point of view of industry revenue, since 2015, the total revenue of China's property management industry has continued to improve, and as of the end of 2020, the total revenue of China's property management has grown to 623.2 billion yuan, an increase of 9.6% over the same period of the previous year.

The top 100 enterprises, since 2015, China's top 100 property management enterprises revenue grew rapidly, in 2020, China's top 100 business management enterprises revenue increased nearly two times compared with 2015, growing to 309.8 billion yuan. At the same time, the revenue share of the top 100 enterprises continues to increase, from 28.5% in 2015 to 49.7% in 2020.

The above data refer to China Property Management Industry Development Outlook and Investment Strategy Planning Analysis Report by Prospect Industry Research Institute.