Property management in China: opportunities and problems

The development of the real estate market in China has been well‐documented, but one of the most interesting, yet chaotic issues in this market has not been fully covered. It is the problems and opportunities arising from the needs for the management of existing properties. Supply of prime office buildings in the major cities in China has been unprecedented owing to the strong demand from local and overseas companies. To preserve the investment value of the building, there is a great need for good management. However, those who have worked in a socialist country will understand that service industry is always the weakest point of the economy. It is, nevertheless, exactly for this reason that there is a great opportunity for established property management companies to expand their service not only in property management but also in the training of the new generation of local property managers in this potential market.