In 2008, affected by the law of the real estate market, the declining international economic trends and the domestic macro economy, the sales achievements of Chinese real estate enterprisers showed the dropping tendency, however, the top 100 real estate enterprises showed the general outperform tendency. In 2008, the sales amounts of the commercial buildings reached 2.4071 trillion Yuan, down by 19.47% YOY; at the same time, the sales of the top 100 enterprises amounted to 524.4 billion Yuan, only down by 3.93% YOY, 15 percentage points higher than the industrial average level, in which the sales amounts of 33 top-100 enterprises kept growing and the average growth rate was 32.72%. The sales amounts of Vanke, Poly, Wanda and Greentown all exceeded millions Yuan, in which the sales amounts of Vanke went beyond 40 billion Yuan; Poly first broke through the sales amounts of 20 billion Yuan; the growth rate of the sales amounts of China Overseas Land & Investment Ltd, Gemdale and Longfor etc all passed 10 percentage points. It is predicted that Chinese top 100 ral estate enterprises will still lead the development of the real estate industry in 2009.
More information can be obtained in this report:
- Company Profiles of Chinese Top 100 Real Estate Enterprises
- Operations of Chinese Top 100 Real Estate Enterprises
- Development Strategies of Chinese Top 100 Real Estate Enterprises
- Present Development Situation of Chinese Real Estate Industry
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