| 74 | 米儿灯工门又 | IO. U | | --- | --- | --- | | 94 | 天津城投集团 | 18.0 | | 94 | 如东民泰城乡建设 | 18.0 | | 97 | 裕华城发 | 17.9 | | 98 | 环澳房地产 CP | 17.8 | | 99 | 曹妃甸新城投资 | 17.7 | | 100 | 南京江北新城投资 | 17.6 | 数据说明: 1.企业范畴:主营业务在中国内地的房地产开发企业;华夏幸福和华侨城的土地中含有大量产业用地和 文旅用地且无法区分,暂不计入。 导 读 2025年1-4月销售百强房企拿地集中度依然维持高位，销售TOP10房企新增货值占销售百强新增 货量的69%，较2024年末增加7个百分点，未来市场格局仍将集中于头部企业。 ☉ 文／克而瑞研究中心 | | 2025年1-4月 · 中国房地产企业 | | | --- | --- | --- | | | PARTE | | | 排名 | 企业名称 | 新增土地货值 (亿元) | | 1 | 花海置新 | 642. 2 | | 2 | 绿城中国 | 642. 0 | | 3 | 中国金茂 | 608. ...

Core Insights - The total land acquisition amount by the top 100 real estate companies in China reached 360.8 billion yuan from January to April 2025, marking a year-on-year increase of 26.6%, although the growth rate decreased by 4.0 percentage points compared to the previous month [1] - In April, 22 cities saw a more than 40% year-on-year increase in residential land transfer fees, indicating fierce competition among real estate companies for premium land parcels and reflecting the value of land in core areas [1] - Major cities such as Beijing, Hangzhou, Chengdu, Suzhou, Chongqing, and Nanjing auctioned high-premium land parcels, while the land market in many other cities continues to face short-term pressure [1] Group 1: Land Acquisition Data - The top three companies in terms of new land value from January to April 2025 are Greentown China with 64.2 billion yuan, China Jinmao with 59 billion yuan, and Poly Developments with 50.1 billion yuan [4] - The total new land value for the top 10 companies during this period was 456.16 billion yuan, accounting for 43.5% of the total for the top 100 companies, with a minimum threshold for new land value set at 3.5 billion yuan [4] - The Yangtze River Delta region led the four major city clusters with a land acquisition amount of 114.67 billion yuan, followed by the Beijing-Tianjin-Hebei region with 69.8 billion yuan, and the Central and Western regions with 28.9 billion yuan [4] Group 2: Company Rankings - The top 10 companies by total new value from January to April 2025 are as follows: Greentown China (64.2 billion yuan), China Jinmao (59 billion yuan), Poly Developments (50.1 billion yuan), China Merchants Shekou (47.1 billion yuan), and Shimao Group (45.6 billion yuan) [13] - The rankings for land acquisition amount and area for the top 100 companies show Greentown China leading in both metrics, with 31.3 billion yuan in land acquisition amount and 139 million square meters in area [7][8] - The data indicates a competitive landscape among real estate companies, with significant investments in land acquisition to secure future development opportunities [1][4]

4月29日，全球第六座璞系旗舰作品——金茂璞逸东方盛大首开，以劲销12.6亿元的震撼战绩，在全国 楼市周期中划出一道独立上扬的增长线。 它不仅印证了金茂"科技+品质"双轮驱动的战略定力，更在行业深度调整期，为中国高端人居市场树立 了三大价值锚点——金茂健康科技的标杆地位、璞系产品系的全国统治力，以及金茂持续迭新的超级产 品力。 其「金玉满堂」四大产品线中，「璞系」作为TOP级高端序列，自2024年发布以来便以「非一线不入， 非核心不筑，非人文不璞」的严苛标准，迅速成为市场标杆——西安璞逸曲江创下七开七罄、累计热销 50 亿的纪录，成都璞逸锦江两开两罄揽金 29 亿，北京璞逸丰宜首开即热销 25 亿，重庆璞印金开更以 首开去化 90%刷新区域单价天花板。 作为中国城市运营领域的标杆企业，中国金茂在 2025 年开启全国战略布局的新纪元，其首个落地项目 「金茂璞逸东方」不仅是品牌战略升维的起点，更是行业高质量发展的重要里程碑。这一落子西安曲江 的作品，承载着金茂对城市肌理的深度解读与未来人居的前瞻性思考，而璞系产品复购率位居金茂全系 首位，印证其「国际东方艺术作品」定位与高净值客群需求的深度契合。 作为金茂在西安 ...

4月30日，广州、南京均有土地出让。 其中，广州出让3宗白云区涉宅用地，总成交金额25.45亿元。这3宗地均由越秀竞得，溢价率分别为21.46%、15.61% 和18.23%。 南京有19宗宅地出让，其中2宗溢价成交，其余地块均底价成交，总成交金额106.34亿元。最受关注的建邺区地块经 过226轮竞价，最终由招商局地产以32.04亿元竞得，成交楼面价45053元/㎡，溢价率25.65%。 广州3宗地被越秀包揽 白云区嘉禾望岗AB2112050地块用地性质为二类居住用地兼容商业设施用地及交通场站用地，土地出让面积11533 ㎡，规划建筑规模34599㎡，容积率3.0，地块起始价为5.49亿元，起始楼面价为15855元/㎡。根据出让文件，竞得人 须配建嵌入式服务综合体、公交首末站等配套公服建筑面积合计4915㎡；按规划要求代建规划条件中要求设置的停 车场。该地块挂牌阶段已获4家竞买人报价，最终经过21竞价，由越秀以6.49亿元竞得，成交楼面价18745元/㎡，溢 价率18.23%。 南京19宗宅地超106亿元成交 4月30日，南京有19宗宅地出让，其中六合区3宗、江宁区2宗、浦口区4宗、建邺区1宗、溧水区9宗， ...

| | | | 2025年1-4月宁波房地产企业 | | | | | --- | --- | --- | --- | --- | --- | --- | | | | | 肖售业绩TOP20 | | | | | 排 | 企业名称 | 销售额 | | | 企业名称 | 销售面积 | | 名 | | (亿元) | N | | | (万 m2) | | | 江川万里 - | 75.5 | 1 | 绿城中国 | | 20.4 | | 2 | 宁波轨道交通 | 59.4 | | 2-1 宁波轨道交通 | | 17.1 | | SP | 绿城中国 | | રે | 江山万里 | | 14.3 | | 4 | 宁波东投 | 34.1 | 4 | 杭州富尊企业管 | | 6.9 | | 5 | 招商蛇口 | 13.6 | 5 | 祥源控股 | | 6.9 | | 6 | 束润量w | 13.2 | 6 | 奉化城投 | | 6.8 | | 7 | 保利发展 | 12.6 | | 7c 招商蛇口 | | 6.6 | | 8 | 奉化城投 | 11.1 | 8 | 宁波东投 | | 6.4 | | 0 | 滨江集团 | 10.5 ...

Core Viewpoint - The recent land auction in Beijing's Chaoyang district resulted in the sale of the Huangshanmu store and Sunhe combination plot for a base price of 12.6 billion yuan, with a residential floor price of 54,500 yuan per square meter, indicating a significant interest despite only one bidder ultimately participating [1][2][3]. Group 1: Land Characteristics - The Huangshanmu plot is the only new residential land in the Chaoyang area in the past decade, highlighting its scarcity and unique market value [5]. - The total land area for the combined plot is 14.83 hectares, with a total building area of 282,700 square meters, and the Huangshanmu plot alone has a building area of 224,000 square meters [2][3]. - The plot's height limit was increased from 60 meters to 80 meters, allowing for taller buildings and improved spatial comfort [3]. Group 2: Developer Participation - Four major real estate companies participated in the bidding, including Poly Development, China Merchants Shekou, and China Overseas Property, but only one consortium made a bid [3][4]. - The winning consortium consists of China State Construction, Guangzhou Yuexiu, and Beijing Fangxing Yicheng, indicating strong backing from state-owned enterprises [3][4]. Group 3: Market Implications - The Huangshanmu plot is expected to cater to high-quality residential demands, appealing to buyers from Chaoyang and neighboring districts [9]. - The project is anticipated to leverage the strengths of the participating developers and the advantageous position of Chaoyang City Development, potentially leading to a successful market entry [8]. - The area is characterized by a mature high-end residential atmosphere, which is likely to meet the needs of families seeking quality living environments [8][9].

Core Insights - The Kunming real estate market experienced a decline in transaction volume but an increase in prices, driven by the sales of upgraded residential products with zero public area [1][3] - The first fourth-generation residential project, Yicheng·Danxia Cuiyu, launched with an average transaction price exceeding 20,000 yuan per square meter [1][10] - The latest LPR remained unchanged, with the one-year LPR at 3.1% and the five-year LPR at 3.6% [15] Market Performance - Last week, Kunming's real estate market saw a total supply of 13,100 square meters, a 17% decrease week-on-week, while transactions reached 51,900 square meters, a slight 3% decline [1] - The average transaction price was approximately 13,341 yuan per square meter, reflecting a 4% increase compared to the previous week [1] - The top-selling fourth-generation residential project, Bangtai·Guanyun, achieved a sales amount of about 78 million yuan, with an average transaction price of approximately 18,892 yuan per square meter [3] Project Launches - The Yicheng·Danxia Cuiyu project sold 190 high-rise units with a total sales of 350 million yuan during its initial launch, achieving a take-up rate of about 24% [5][10] - The project emphasizes zero public area and features a fully intelligent community, integrating advanced technology with high-quality residential offerings [12] - Another project, Zhuoyue Dianchi Qingcui A3, launched 126 units with a take-up rate of approximately 41% and an average transaction price between 10,500 and 12,000 yuan per square meter [13] Land Transactions - Only one commercial land parcel was sold last week, measuring approximately 23.43 acres, acquired by Kunming Rail Transit Group for 86.22 million yuan, with a floor price of about 3,450 yuan per square meter [5] Policy Updates - The new housing purchase subsidy policy was implemented across five districts in Kunming, allowing for refunds up to 30,000 yuan [15]

Financial Performance - The company's revenue for 2024 was RMB 59,053.0 million, a decrease of 18% compared to RMB 72,403.6 million in 2023[17]. - Gross profit for 2024 was RMB 8,596.9 million, down 5% from RMB 9,021.5 million in 2023[17]. - The profit attributable to owners of the company for 2024 was RMB 1,064.8 million, a significant recovery from a loss of RMB 6,896.6 million in 2023, representing a 115% increase[17]. - The total assets increased slightly to RMB 409,256.4 million in 2024 from RMB 407,119.2 million in 2023, reflecting a 1% growth[17]. - The company's equity attributable to owners rose by 36% to RMB 53,575.1 million in 2024 from RMB 39,291.3 million in 2023[17]. - The basic earnings per share for 2024 was RMB 5.19, a recovery from a loss of RMB 51.62 in 2023, marking a 110% increase[17]. - The company declared an interim dividend of HKD 3.0 cents per share for 2024, doubling from HKD 1.5 cents in 2023[17]. - The net debt to adjusted capital ratio improved to 67% in 2024 from 73% in 2023[17]. Market Position and Sales - In 2024, the company achieved a signed sales revenue of approximately RMB 98.3 billion, ranking 12th in the industry, indicating stable progress in its market position[25]. - The company managed a total of 595 property projects across 71 cities in China, with a total managed area of approximately 100.93 million square meters[10]. - The company successfully increased land reserves in major cities including Beijing, Shanghai, and Chengdu, with a signed sales amount of RMB 98,255 million in 2024[8]. - The cumulative sales scale of the top 100 real estate companies in 2024 decreased by 28.1% year-on-year, with the sales threshold for the top 10 companies dropping by 39.3%[55]. - The total area of newly sold commercial housing decreased by 12.9% compared to the previous year, while the sales amount dropped by 17.1%[54]. Strategic Focus and Development - The company is focused on a strategy of "activating stock and optimizing increment," emphasizing cash flow management and cost control to support operational performance[24]. - The company plans to explore new models for real estate development, focusing on core cities and high-end products, while enhancing its technological competitive edge[29]. - The company is actively pursuing new projects, with several under development and expected to contribute significantly to future revenue streams[71]. - The company aims to ensure the delivery of 37,000 housing units on schedule, with a delivery satisfaction rate rising to 90.26 points, maintaining a high industry standard[28]. ESG and Social Responsibility - The company’s ESG rating has improved, being selected for the "Central Enterprise ESG Pioneer 100 Index," reflecting its commitment to social responsibility[28]. - The company is committed to accelerating the construction of green and low-carbon buildings, aligning with national sustainable development goals[28]. - China Jinmao Holdings Group Limited was awarded the "2024 ESG Model Enterprise" at the 2024 ESG and High-Quality Development Innovation Forum[33]. - The company received the "Stable Development Value Enterprise" award at the 21st (2024) Blue Chip Annual Meeting[33]. - The company won the "Most Socially Responsible Company Award" in the 2024 Listed Company Reputation List[33]. Awards and Recognition - Jinmao Service was ranked 13th in the "2024 Top 100 Comprehensive Strength of Property Service Enterprises" by China Index Academy[39]. - Jinmao Service received multiple awards including "Top 20 High-Quality Property Service Enterprises" and "Top 10 Leading Enterprises in Property Management Listed Companies" from CRIC[42]. - The company was recognized as a member of the "2024 Carbon Road Future Ecological Partner" at the Carbon Neutral Service System Launch Conference[33]. Hotel and Hospitality Sector - The hotel market in 2024 faces significant pressure, with the company focusing on dynamic operational strategies to enhance performance through innovative service capabilities[174]. - Average room rates for major hotels include RMB 1,283 for Jinmao Grand Hotel Shanghai and RMB 1,932 for Ritz-Carlton, with average occupancy rates ranging from 35.9% to 86.7% across various locations[175]. - The average occupancy rate is highest at 85.1% for Hilton in Yalong Bay and lowest at 43.0% for Hyatt in Chongming[176]. - The company is committed to maintaining high occupancy rates, with several hotels achieving rates above 80%[176]. - The company aims to enhance guest experiences by integrating local cultural elements into hotel designs, as seen in the Changsha hotel[194]. Commercial Real Estate and Leasing - The overall leasing rate for office projects remained high, with specific rates for major buildings: Beijing Kaichen World Trade Center at 96.8%, Xicheng Jinmao Center at 94.0%, Jinmao Tower at 83.5%, and Jinmao Plaza at 86.0% for 2024[137]. - The total area of major commercial leasing and retail projects held by the company is 794,373 square meters[59]. - The company has a 100% ownership stake in 9 out of 12 commercial projects listed, indicating strong control over its assets[59]. Project Development and Sales Performance - The company holds a total of 397 urban operation, property development, business leasing, and hotel operation projects, with an undeveloped area of approximately 77.96 million square meters[50]. - The company is expanding its presence in major cities, with projects in Beijing, Shanghai, and Xi'an, including the Beijing Jinmao Puyi Fengyi (101,986 sqm) and Shanghai Runyun Jinmao Mansion (487,119 sqm)[71]. - The Hangzhou Shangcheng Jinmao Mansion project achieved a 100% sales rate across all four openings, demonstrating strong demand in the high-end real estate market[103]. - The Wuhan Fangdao Jinmao Xiaotang project became the sales champion in Wuhan, achieving top sales for four consecutive months from August to November[113]. - The Xi'an Technology Road Jinmao Mansion project ranked first in the number of signed contracts, sales area, and sales revenue among improved projects in the area[116].

自去年四季度以来，中国金茂加大在核心城市拿地力度，公司今年3月份调整区域组织架构，以此提升 决策效率，做大做优重点城市。 持有丰台项目36%股权 《中国经营报》记者了解到，中国金茂入股的公司为北京兆兴房地产开发有限公司（以下简称"北京兆 兴"）。 去年11月29日，北京丰台新宫NY030（南区）-01地块出让，福州裕诚房地产有限公司（以下简称"福州 裕诚"）以总价24.345亿元摘得，溢价率0.1%。 天眼查显示，福州裕诚由福州汇成佰悦投资有限公司（以下简称"福州汇成佰悦"）全资持股。此前，福 州汇成佰悦曾多次以小股东身份出现在建发集团所开发的项目中。 随后不久，建发集团旗下建发房产便于当年12月27日公布了该项目规划设计方案，确定将其打造为在京 的首个"风雅宋韵"系列产品，北京兆兴即为项目公司。 与此同时，当初在拿地时参与地块竞拍的中国金茂也表明入局之意。2024年12月31日，中国金茂间接全 资附属公司北京方兴亦城置业有限公司（以下简称"北京亦城"）与建发国际（01908.HK）间接全资附 属公司上海建发盛高企业发展有限公司（以下简称"建发盛高"），以及福州裕诚和北京兆兴签订合作开 发协议，为后续就标的地 ...

智通财经APP讯，中国金茂(00817)发布公告，有关公司间接全资附属公司北京亦城与建发盛高、福州裕 诚及北京兆兴签订合作开发协议，据此，为后续就标的地块的开发开展合作，(i)北京亦城同意向福州裕 诚提供合计不超过人民币9.21亿元的诚意金借款，按年利率6%计息;(ii)北京亦城及建发盛高有条件同意 分别收购北京兆兴36%及35%股权。截至本公告之日，北京亦城已根据合作开发协议向福州裕诚提供合 计人民币9.21亿元的诚意金借款。 鉴于北京兆兴收购条件已达成，于2025年4月16日，北京亦城与建发盛高、福州裕诚及北京兆兴签订转 让协议，据此，北京亦城与建发盛高同意按相同的价格基准分别向福州裕诚收购其所持北京兆兴标的股 权及标的债权，总对价为人民币18.40亿元，其中，北京亦城收购转让标的一的对价为人民币9.33亿元。 于北京兆兴收购完成后，北京亦城、建发盛高及福州裕诚所持北京兆兴的股权比例分别为36%、35%及 29%，北京兆兴将成为公司的间接非全资附属公司。 福州裕诚于2024年11月29日透过公开竞买程序以人民币24.345亿元的代价投得标的地块的土地使用权， 并于2024年12月5日设立北京兆兴作为项目公 ...