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Leading real estate companies in China 2018, by sales revenue

Leading real estate companies in China in 2018, by sales revenue (in billion yuan)

by Shu Han, last edited Sep 23, 2019
Leading real estate companies in China 2018, by sales revenue This statistic shows ten leading real estate companies in China as of 2018, by sales revenue. That year, the Country Garden Holdings had generated a sales revenue of approximately 728.7 billion yuan.
Real estate in China – additional information

With over 91,000 real estate developers, China’s real estate market is ranked among the world’s largest as of 2012, recruiting nearly 2.4 million employees, and a generated revenue from residential real estatesold that has increased tenfold over the last decade.

China’s real estate market has become a subject of debate for a long time, with housing prices almost tripling over the last decade, when the average real estate sale price per square meter in China skyrocketed from 2.4 thousand yuan in 2003 to more than 6.2 thousand yuan in 2013. That same year, one square meter of residential real estate in China cost 5,850 yuan on a national average level. However, different regions experienced substantially different price growth trends; as of 2013, Beijing was the region in China with the highest sales price of real estate with a square meter price 18,553 yuan, closely followed by Shanghai with 16,420 yuan. Considering the average income in 2013, the housing prices in those cities are far beyond the affordability of an average household, even in suburb areas. China’s central and western provinces had relatively less expansive real estate price.

As a matter of fact, housing prices in China grow at a pace parallel to the country’s GDP growth rate. The fluctuation of real estate prices is very likely to have a far-reaching impact on China’s economic development; although the extremely high real estate prices are expected to fall, a sudden drop of housing prices would set off a chain reaction, leading to devastating consequences for the country’s future.
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Leading real estate companies in China in 2018, by sales revenue (in billion yuan)

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