Siveco China's General Manager Bruno Lhopiteau was quoted in the article "Greater China FM – What the Future Holds" published in RFP Magazine, a leading real estate media in Asia. The article aims at sizing up the Chinese Facility Management (FM) market, with various service suppliers providing estimates ranging wildly from 100 millions sqm to 10 times that amount.
Bruno Lhopiteau who heads up maintenance firm Siveco in China agrees that the size of the market question comes down to how you define "under management" and specifically do you include properties maintained by a subsidiary of the owner or developer? He sees the FM market as highly fragmented and most players only view parts of it. For example international players mostly know and thus believe they are competing with each other. He says "Frankly I have met major players who have no clue about who they are competing with."
He says that the 100 millions sqm may account for multinational FM companies business but that one of his local clients alone – the ChangCheng Property Group (CCPG) head quartered out of Shenzhen has over 30 millions sqm of property, mostly residential, under management. As such he puts the total figure "certainly closer" to one bil sqm.