Leading real estate companies in China 2019, by sales revenue

In 2018, Country Garden Holdings was the largest real estate developer in China, generating a sales revenue of approximately 733 billion yuan. Other leading companies were China Vanke, Evergrande Group and Sunac China Holdings.

Real estate market in China

With nearly 98,000 real estate developers, China's real estate market is ranked among the world’s largest as of 2018, recruiting nearly 2.9 million employees, and generating revenue from real estate sales that has increased tenfold since 2005. China's real estate market has become a subject of debate for a long time, with housing prices doubling over the last decade, when the average real estate sale price per square meter in China skyrocketed from 3.8 thousand yuan in 2008 to more than 8.7 thousand yuan in 2018. That same year, one square meter of residential real estate in China cost 8,540 yuan on a national average level. However, different regions experienced substantially different price growth trends; as of 2018, Beijing was the region in China with the highest sales price of real estate, closely followed by Shanghai.

Future development

Considering the average income in 2018, the housing prices in the largest 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 grew 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 in some regions of China 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.

Leading real estate companies in China in 2019, by sales revenue

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Sources

Release date

December 2019

Region

China

Survey time period

2019

Supplementary notes

Note: 1 yuan equals approximately 0.13 euros and 0.14 U.S. dollars (as of January 2020).

Values have been rounded.

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Statistics on "Real estate in China"

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