The Rise of New Brokerages and the Restructuring of Real Estate Value Chain
This book elaborates on the six pillars of a healthy and standardized real-estate brokerage industry: the generation, distribution and matching of information; the transaction system; circulation finance; mobile Internet; the supervision system; and profe
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e Rise of New Brokerages and the Restructuring of Real Estate Value Chain Translated by Feng Yue, Hanxiong Zhu, Menghan Deng and Chunqiu Xia
The Rise of New Brokerages and the Restructuring of Real Estate Value Chain
Shusong Ba Xianling Yang •
The Rise of New Brokerages and the Restructuring of Real Estate Value Chain
123
Shusong Ba HKEx Hong Kong China
Xianling Yang Lianjia Real Estate Research Institute Beijing China
Translated by Feng Yue, Hanxiong Zhu, Menghan Deng and Chunqiu Xia
ISBN 978-981-10-7714-2 ISBN 978-981-10-7715-9 https://doi.org/10.1007/978-981-10-7715-9
(eBook)
Jointly published with Xiamen University Press, Xiamen, China The print edition is not for sale in China Mainland. Customers from China Mainland please order the print book from: Xiamen University Press. Library of Congress Control Number: 2018939012 © Xiamen University Press and Springer Nature Singapore Pte Ltd. 2018 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by the registered company Springer Nature Singapore Pte Ltd. part of Springer Nature The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
Preface: The Redefinition of Intermediaries
At present, China’s real estate industry is at the history turning point of transformation. Housing supply as a whole is becoming more balanced, and the time of supply shortage is past. China’s housing market is experiencing a transition from incremental development to stock circulation. In 2016, the sales of secondhand houses in a dozen Chinese cities exceeded that of new houses. The sales of secondhand houses in Beijing, Shanghai, and Shenzhen are twice to three times of that of the new houses, respectively, which signifies that China’s first-tier cities have entered the stage led by secondhand houses. Some second-tier cities
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