Zhang Yuliang, chairman of Greenland Group, a global top 500 company involved in real estate, said on Saturday that urban agglomeration will have an impact on China's real estate industry, especially on the redefinition of the potential property market, finance.sina.com.cn reported.

"In the future, instead of simply dividing market growth by first-tier cities, second-tier cities, third-tier cities, fourth-tier cities and fifth-tier cities, the urban agglomeration will provide a new way of thinking for the real estate industry," Zhang said.

He proposed the construction of urban agglomeration has great strategic significance by pointing out that it accords with the law of economic development of the world's cities and can be beneficial to stimulate development momentum.

"Urban agglomeration is an important growth engine as well as the core of a region. It is also conducive to deepening reform, deepening cross-regional cooperation, breaking down closures, expanding impetus and expanding competitiveness with positive effects," Zhang said.

Ma Si and Cheng Yu contributed to this story.