Largest developers become more dominant
July 10, 2017 Category Real estate, Weekly
China’s top 10 real estate developers jointly contributed 26.6% of the country’s total sales value of CNY5.84 trillion in the first half, 8 percentage points more than last year, according to CRIC, a subsidiary of E-House China Holdings. In terms of sales by area, they accounted for 15.8% of the total, up from 12.5% a year earlier. By sales value, the threshold for making it into the top 10 rose 40% from the same period a year ago to CNY70.2 billion. Country Garden, China Vanke Co and Evergrande Group were the top three, with first-half sales all exceeding CNY200 billion. Poly Real Estate, Greenland Group, Sunac China and China Overseas Property trailed closely, each with sales of more than CNY100 billion, according to a separate report by the China Index Academy. Average property sales by the seven developers with more than CNY100 billion in sales reached CNY184.8 billion, a year-on-year surge of 39.3%. That compared to the annual rise of 2.5% for developers with sales of CNY50 billion to CNY100 billion, a 7.44% increase by developers with sales between CNY20 billion and CNY50 billion, the 2.8% gain by developers with sales between CNY5 billion and CNY10 billion, and a 4.8% decline for companies with sales of CNY10 billion to CNY20 billion, the Shanghai Daily reports.
- KURT VANDEPUTTE (UMICORE) APPOINTED CHAIRMAN OF THE BOARD OF THE FLANDERS-CHINA CHAMBER OF COMMERCE (FCCC)
- Webinar: “Knowing Your Chinese Partner” – May 26, 2021, 10 am – 12 am
- EMA starts rolling review of CoronaVac, WHO approves Sinopharm vaccine for emergency use
- The Global Times warns not to politicize the Comprehensive Agreement on Investment (CAI)
- Hainan to become biggest duty-free market in the world