Bei Ke Cai Jing·2025-09-01 14:41Core Viewpoint - In the first eight months of this year, the top 100 real estate companies in China saw a total sales revenue of 23,270.5 billion yuan, a year-on-year decrease of 13.3%, with only five companies surpassing 100 billion yuan in sales, led by Poly Developments at 1,812 billion yuan [1][21]. Group 1: Sales Performance - Poly Developments ranked first in total sales with 1,812 billion yuan, followed by Greentown China (1,563 billion yuan), China Overseas Land & Investment (1,503 billion yuan), China Resources Land (1,425 billion yuan), and China Merchants Shekou (1,240.5 billion yuan) [8][9]. - The top ten companies accounted for 49% of the total sales of the top 100 real estate companies, indicating a concentration of sales among leading firms [18]. - The average sales revenue for the top ten companies was 1,145 billion yuan, down 12.1% year-on-year [21]. Group 2: Market Trends - The "Golden September and Silver October" traditional sales peak season is expected to boost sales for real estate companies [1]. - The introduction of policies such as "recognizing houses but not loans" and lowering down payment ratios in major cities is anticipated to stimulate market demand [22]. - The sales performance of the top 20 companies saw the entry of a new player, Guomao Real Estate, which replaced Nengjian Chengfa, with a sales figure of 254.1 billion yuan [19]. Group 3: Comparative Analysis - The differences in rankings between the two research institutions, China Index Academy and CRIC Research Center, stem from varying statistical criteria, particularly regarding the inclusion of agency construction amounts [10]. - The equity sales rankings show similar top performers, with Poly Developments leading at 1,428 billion yuan, followed by China Overseas Land & Investment (1,382.8 billion yuan) and China Resources Land (979.1 billion yuan) [11][14].