Core Viewpoint - The real estate market in China is experiencing a significant downturn, with the top 100 real estate companies reporting a total sales revenue of 20,730.1 billion yuan from January to July 2025, reflecting a year-on-year decline of 13.3% [1] Group 1: Sales Performance - In July 2025, the sales revenue of the top 100 real estate companies also saw a decline, with a year-on-year drop of 18.2% [1] - The average sales revenue for the top 10 real estate companies in the first seven months was 1,010.3 billion yuan, down 13.6% year-on-year [2] - Among the top 20 real estate companies, only seven firms, including Jianfa Real Estate and Yuexiu Property, reported an increase in sales, while the rest experienced varying degrees of decline [2][3] Group 2: Company Rankings and Changes - Companies like Jindi Group and New Town Holdings saw their sales drop by over 50%, causing them to fall out of the top 20 rankings [3] - Poly Developments, China Overseas Property, and China Resources Land experienced sales declines between 10% and 20%, aligning with industry trends [4] - The top 20 real estate companies saw a reshuffling in rankings, with nine companies improving their positions, while six companies, including Vanke and Longfor Group, saw their rankings decline [4] Group 3: Future Market Outlook - The Central Political Bureau's recent meeting emphasized maintaining policy continuity and stability, suggesting that more supportive measures may be introduced to stabilize the market [5] - The new housing market is expected to continue experiencing low transaction volumes in August, with significant differentiation between cities and projects [5]

导 读 ☉ 文／克而瑞研究中心 | | | | 2025年1-4月 ·中国房地产企业 | | 上最近 克面瑞·研究中心 | | --- | --- | --- | --- | --- | --- | | | | | | ** | | | 排名 | 企业简称 | 操盘金额 (17. J | 排名 | 企业简称 | 操盘面积 万平方米) | | 1 | 保利发展 | 806. 1 | 1 | 保利发展 | 394. 3 | | 2 | 母母中国 | 710. 2 | 2 | 绿城中国 | 310.2 | | 3 | 中海地产 | 631.9 | 3 | 万科地产 | 305. 6 | | 4 | 花海量地 | 616. 1 | 4 | 中海地产 | 298.5 | | 5 | 招商蛇口 | 473. 1 | 5 | 本润量用 | 262.6 | | 6 | 万科地产 | 428.5 | 6 | 招商蛇口 | 220.0 | | 7 | 建发房产 | 426.7 | 7 | 绿地控股 | 211.2 | | 8 | 华发股份 | 353. 1 | 8 | 龙湖集团 | 172.6 | | 9 | 越秀地产 | 31 ...