Core Viewpoint - The top 100 real estate companies in China are experiencing a significant reshuffling in their rankings as of January 2026, with a notable decline in overall sales figures compared to the previous year [2][3]. Group 1: Sales Performance - In January 2026, the total sales of the top 100 real estate companies reached 190.52 billion yuan, representing an 18.9% year-on-year decline [2]. - Only three companies achieved sales exceeding 10 billion yuan in January, a decrease of two compared to the same period last year [2]. - The number of companies with sales over 5 billion yuan increased to ten, up by two from the previous year [2]. Group 2: Ranking Changes - The top 10 rankings saw significant changes, with Poly Developments, China Overseas, and China Resources remaining in the top four, while Vanke dropped from fifth to ninth place [3]. - China Travel Investment emerged as a major dark horse, jumping from outside the top 40 to fifth place [3]. - China Jinmao rose from thirteenth to seventh, indicating intensified competition within the top tier [3]. Group 3: Performance of Private Enterprises - Among the 32 companies that experienced year-on-year growth in January, six private enterprises had growth rates exceeding 100% [3]. - Bangtai Group and China Construction Yipin entered the top 20 in sales, benefiting from strategic investments during market lows [3]. Group 4: New Entrants and Market Dynamics - Seven new companies entered the top 100 list in January, with four being small to medium-sized private enterprises [4]. - State-owned enterprises continue to dominate land acquisition, with companies like Yuexiu Property and China Resources maintaining strong investment levels [4]. Group 5: Policy and Market Outlook - The policy environment is shifting towards stabilizing expectations, with measures such as extended tax rebates and loan extensions being implemented [4]. - The market is expected to see a gradual release of demand in March, driven by promotional activities from real estate companies before the Spring Festival [5].

中国百城房价1月延续分化：新房上涨 二手房下跌 中新社北京2月1日电 (记者 庞无忌)2026年1月份中国百城房价延续分化走势。 中指研究院2月1日发布的数据显示，1月份，中国100个城市新建住宅平均价格为每平方米17114元(人民 币，下同)，环比上涨0.18%，同比上涨2.52%。当月，100个城市二手住宅平均价格为每平方米12905 元，环比下跌0.85%，同比下跌8.67%。 从成交量来看，据克而瑞研究中心统计，1月份，核心城市二手房市场交易趋于活跃。重点监测的13个 城市二手房成交面积约810万平方米，环比上升16%，同比上涨33%，相比上年月均水平增长18%。 中指研究院认为，进入2026年，政策层面释放出清晰的"稳预期"信号，年初已有多项具体措施落地，包 括换房退税政策延长、结构性降息、支持城市更新等，旨在从需求端与融资端协同发力，提振市场信 心。整体来看，房地产政策进入以"稳定预期、缩短调整时间"为目标的新阶段。短期来看，2月份受春 节假期影响，楼市销售节奏或将阶段性放缓。但随着核心城市2025年出让的优质地块逐渐入市，加之部 分房企预计在春节前加大促销力度提前蓄客，3月市场需求有望逐步释放， ...