"The property management sector is believed to be approximately 35 billion sq m by the end of 2020, according to CRIC, up from 19.3 billion sq m just five years ago with revenues of RMB1.27 trillion. The biggest 100 property management companies account for roughly 33% of space under management (11.55 bn sq m), having consolidated their market share from 18.1% in 2015. This tremendous growth can be attributed to the country’s rapid urbanisation and continued investment in property development. Meanwhile, a constant stream of new stock, in addition to the consolidation of existing market share, represents significant market opportunities for managers in the near future."