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Implementation by China’s CCP Politburo of Affordable Housing policy creates huge market potential for prefabricated and green buildings.
Like many industrialised stories from China, it’s really big…
According to Chinese market data, since the beginning of December 2021, the Prefabricated Building Index (931020) rose nearly 10%, driven by discussions during the CCP Politburo meeting in December to further promote construction of affordable housing.
The affordable housing industry for China is destined to become one of the most important application areas for prefabricated buildings, and the acceleration and expansion of the affordable housing market will generate increased demand for prefabricated buildings.
According to Huachuang Securities’ estimates, the annual new construction area of 123 million sqm corresponds to RMB 446.3 billion in affordable housing related investments, indicating huge volume growth in the affordable housing sector. Considering part of the growth will be hindered by the impact of fluctuations in real estate regulations, the proportion of prefabricated buildings to new construction buildings will continue to increase, benefiting industry leaders in the prefabricated construction sector.
One such company that’s set to benefit from the Policy is Broad Homes, one of the largest manufacturer of modular building systems in China. In November 2010, Broad Homes was listed on the HKEX and is also the first company to IPO in the prefabricated construction sector.
According to company sources it wholly owns 15 factories and 85 joint venture factories
See: www.bhome.com.cn
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