The housing in China before 1980 is distributed by the government as a necessary of life as well as a benefit. Since 1980, there is a tentative reform in the housing system that the public housings are sold to the personal; while the formal reform of the housing system is in effect in late 1990s that the commodity houses are rapidly developing with some famous real estate developers. Now, to buy a commodity house is the main way to get a house in China, though the price is currently a little high for many people. There is no doubt that the supply-demand relationship contributed to price rise.

 

It is certain that the housing conditions are greatly improved in both quantity and quality compared to 20 years ago. The Chinese real estate has developed more than ten years, as the developed regulations as well as the supporting construction of economically affordable housing and low-cost housing, it is no doubt that the Chinese housing will continue developing in a smooth and healthy pace.  

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