What are the types and markets of integrated housing

Integrated houses, also known as prefabricated and prefabricated buildings, are constructed using industrialized production methods. In addition, it is a house where some or all components of the building are prefabricated in the factory, transported to the construction site, and assembled in a reliable connection method. Integrated housing is known as industrialized housing and industrialized housing in Europe, America, and Japan. So, let's take a look at the types and markets of integrated housing together!
Integrated housing in China can be traced back to the 1980s. In the 1990s, some overseas companies entered the domestic market and built multi story light steel structured integrated residences in Beijing, Shanghai, and other places. The large-scale integrated real estate business has gradually developed in recent years. At that time, China imported integrated residential buildings from Japan and built hundreds of light steel structure low rise villas. However, a preliminary system has been formed in research and development, design and manufacturing, construction and installation in China.
What is the potential size of the integrated housing market?
1. Personal housing market
The annual demand for low rise collective housing in the medium to long term of the future is about 350000 units for integrated housing. It is estimated that the annual increase in urban villas and rural single family houses is about 300000 units, corresponding to the short-term penetration rate of collective housing. In this segmented market, there will be a demand for around 26000 units of low rise collective housing by 2020.
2. Tourist Resort Market
Integrated housing, as the domestic tourism industry is still in the investment stage, will bring about a market value of about 11 billion yuan for low rise collective housing. Given the overall stagnation of the domestic hotel industry, this direction has become the driving force for short-term market growth. It is expected that by 2020, the investment in real estate projects will reach around 130 billion yuan, and it is estimated that hotel investment will bring about a market demand of approximately 680000 square meters by 2020.
3. Elderly Care Market
According to the plan, the elderly care real estate will correspondingly bring a new construction demand of 2.7 million square meters.
Overall, based on the above calculations, the market size of low rise structural buildings will reach around 10 billion yuan in the short term of the next 3-5 years, and it will become a billion yuan market in the long term of 15-20 years.
opportunity
1. The process of urbanization continues
There is still a lot of room for improvement in the housing conditions of the Chinese people, and the goal of further promoting urbanization has been clarified. On the other hand, in the process of urbanization, the daily lives of residents should be guaranteed during the demolition and relocation of old cities. In 2014, the government issued the "National New Urbanization Plan (2014-2020)". Therefore, some areas with insufficient housing resources require a large amount of rapid residential construction. On the other hand, this further consolidates the active fertile ground provided by prefabricated collective housing. The construction of the new city places more emphasis on environmental protection and energy conservation than before.
2. The tourism resort industry is developing well
With the increase of social wealth and the trend of consumption upgrading, it is a new trend for social investment. Infrastructure construction, park construction, catering and shopping consumption projects are the main investment directions, and China's national tourism consumption is in an explosive growth stage. According to the 2016 China Tourism Investment Report, the tourism industry continues to heat up, and these areas are expected to become new growth points for the low rise collective housing business.
3. Aging is Coming Soon
The aging population is not only approaching the development of prefabricated real estate in terms of labor resource level, but integrated housing is also one of the important segmented markets in terms of demand level for elderly care and housing. At present, due to factors such as price and service integrity, the vacancy rate of beds in existing elderly care institutions still needs to be improved. However, overall, there is still new space for short-term elderly care beds in China.
What factors have driven the development of the industry?
1. Labor shortage and increase in labor costs
In recent years, China's birth rate has declined, an aging society has arrived, and population bonuses have lost their advantage. At the same time, with the development of the internet industry, more and more young laborers are engaged in emerging industries such as express delivery and takeout. As a result, recruitment in the real estate industry is becoming increasingly difficult, and employment costs are also increasing. Compared with traditional construction methods, prefabricated integrated buildings use refined division of labor to significantly improve production efficiency and reduce labor demand; In addition, factory prefabricated production can fully leverage economies of scale and gain cost advantages in a competitive environment where labor costs continue to rise.
2. Environmental protection and energy conservation
In recent years, the demand for social and environmental protection has become increasingly prominent, and the call for protecting wood, reducing sewage, exhaust gas, and building waste has been growing. Steel structure building materials and their buildings have natural advantages in this regard.
3. Economic efficiency
After the rapid growth of the domestic economy, shortening the construction cycle and accelerating business turnover through integrated housing are common needs of many enterprises. As they enter the current stage of steady growth, enterprises are beginning to pursue more effective forms of economic organization. Integrating residential properties is a great solution.
The above introduction is about the types and markets of integrated housing. If you need to learn more, please feel free to contact us at any time!