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China’s top property developers extend leadership in H1

CHINA'S real estate industry continued to consolidate in the first six months of this year with top players keeping extending their leadership and market share as competition intensified, latest industry data suggest.

In terms of half-year sales by value, developers making into the top 10 list jointly contributed 26.6 percent of the country's total during the period, an increase of 8 percentage points from last year, according to latest data compiled by CRIC, a subsidiary of E-House China Holdings Ltd, one of the largest real estate services companies in China.

In terms of sales by area, the top 10 developers accounted for 15.8 percent of the country's total in the first half, up from 12.5 percent in 2016.

By sales value, threshold for top 10 developers in the first six months rose 40 percent from same period a year ago to 70.2 billion yuan and that for top 20 and top 30 players surged 48 percent and 78 percent to 41.3 billion yuan and 30.9 billion yuan, respectively, further evidence for the Matthew effect, a phenomenon under which the strong get stronger while the weak get weaker.

Among all, Country Garden, China Vanke Co and Evergrande Group ranked the top three developers in the country with their January-June sales all exceeding 200 billion yuan (US$29.4 billion). Poly Real Estate, Greenland Group, Sunac China and China Overseas Property trailed closely with each recording six-month sales of over 100 billion yuan, according to a separate report by China Index Academy.

The faster growth of super players compared with their smaller counterparts were contributed to a nationwide presence, financing advantage and operational strength, the academy said.


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