Fangdd unveils 2024 strategic layout, aims to enter the real estate stock asset services sector
SHENZHEN, China, March 08, 2024 (GLOBE NEWSWIRE) — Due to urbanization slowdown and per capita housing saturation in China, the traditional real estate industry is constantly shrinking in development scale, and the Chinese real estate market is gradually shifting from an “incremental market” to a “stock market”. In the long term, stock assets will be continuously accumulated in scale and value, and the operation of stock assets will become increasingly significant, which will inevitably replace incremental real estate development as the main track. In the United States and Japan where the real estate markets are mature, a group of excellent asset service enterprises have emerged in the areas of long-term rental apartments, commercial real estate, and other stock assets. In response to this trend of the real estate industry, Fangdd plans to enter the trillion dollar market of real estate stock asset services and actively explore related business.