Top 20 property developers in China
- By Zhang Junmian
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China.org.cn, May 24, 2011
Vanke, Evergrande Group and Poly Real Estate Group took the top three spots this year on a list of China's top 500 real estate developers in 2011. Vanke reported sales volume and sales revenue of 8.98 square meters and 108.16 billion yuan in 2010, with revenue exceeding 100 billion yuan for the first time.
The list, jointly released by the China Real Estate Research Association, the China Real Estate Association and the China Real Estate Evaluation Center, ranks developers based on comprehensive strength across a range of business indicators.
Also appearing in the top 10 list are Greenland Group, COLI, Greentown China, R&F, Country Garden Holdings, Agile Property and Longfor. Dalian Wanda Commercial Properties, which formerly took fifth place, withdrew from the ratings process as one of its subsidiaries prepares to go public, making it unable to reveal financial statistics.
The sales revenue of the top 10 property developers for 2010 reached 593.6 billion yuan, accounting for 42 percent of the top 100 property developers' total revenue, and the sales area was 58.93 million sq m, 45% of the top 100. The sales revenues of the top 20 developers (RMB844.2 billion)and the top 50 developers (RMB1.173 trillion) respectively took up 59.7% and 83% of the total of the top 100.
The following are the top 20 property developers in China.
China Merchants Property Development Co., Ltd.
|
|
Stock Code |
Total Assets (RMB) |
Sales Revenue (RMB) |
Sales Area (million sq m) |
|
000024.SZ 200024.SZ |
59.82 billion |
14.63 billion |
0.95 |
Established in Shenzhen in 1984, China Merchants Property Development Co. (CMPD) is the property flagship of the Hong Kong-based China Merchants Group. CMPD is principally engaged in the development, sale, leasing and management of properties as well as electricity and water supply. CMPD has been successfully listed on the Shenzhen and Singapore stock exchanges.
CMPD has been ranked among the top 10 property developers in China for 9 consecutive years from 2002 to 2010. By the end of 2010, it had 44 large-scale property projects under development in 14 cities including Shenzhen, Beijing and Shanghai.
In 2010, CMPD raked in 13.78 billion yuan in revenue, an increase of 35.95 percent from 2009, and net profits hit 2.01 billion yuan, up 22 percent year on year.
