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Condo Butler Service Demand in China Sparks 400% Stock Gain

  • Property service rally is driving more listings by developers
  • Analysts warn stock valuations may get stretched in short term
Residential Property In Beijing
Photographer: Giulia Marchi/Bloomberg
Updated on

Surging demand for butler-like concierge service at the millions of condominiums in China is creating one of the hottest sectors in the nation’s stock market.

Property management companies, providing everything from childcare to shopping errands for residents in China’s densely populated communities, have soared this year as the pandemic kept workers at home.