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2021 China Property Management Report From savills

The following is the 2021 China Property Management Report From savills recommended by recordtrend.com. And this article belongs to the classification: research report.

In 1981, the first specialized Property Management Company in China Chinese mainland was set up in Shenzhen, and the specialized management of a local commodity residential district marked the beginning of the commercialization process of China’s property management industry. In the following ten years, residential property management has been maturing, which witnessed the establishment of Shenzhen real estate administration in 1985. Commercial property management also started gradually. In 1992, Guangzhou World Trade Center entrusted First Pacific Davis and Guangzhou Pearl River Hotel Management Company to jointly manage the first batch of Grade A office buildings using professional property management.

In the early stage of China’s property management, the industry is very scattered, and the service content is only limited to the most basic property management services. It was not until the establishment of China Property Management Association in 2000 and the promulgation of the first national property management regulations in 2003 that the property management industry began to enter the stage of standardized development. Local governments began to formulate market standards, requiring property management enterprises to obtain business license, and set the upper limit of residential property management fees.

From 2014 to 2016, the industry liberalization was intensified, property management personnel did not need to obtain the professional qualification license of registered property manager, and the upper limit of commercial housing management fee was cancelled, and the price was determined by the market. In recent years, property management companies have launched value-added services to improve turnover and profit margin. At the same time, many developers will split the property management business and listed independently, through mergers and acquisitions to actively expand market share. The types of properties served by property management companies are also increasing. In addition to the traditional commercial and residential development projects, they have extended to various types of properties, including schools, hospitals, airports, stadiums, public facilities, etc.

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