Real Estate Map | Property Developers "Rush to Collect," First Quarter "Bao Zhonghua" Leads Sales Chart

How can AI policy benefits catalyze a small spring in real estate sales?

Beijing News Shell Finance News (Reporter Xu Qian) The real estate company’s quarterly report is out, and “Poly Zhonghua” (Poly, China Overseas, China Resources) still ranks among the top three in the top 100 real estate companies.

According to the latest data from CRIC Research Institute, E-House Zhiku, and others, in the first quarter of this year, Poly’s comprehensive sales reached 51.7 billion yuan, ranking first among the top 100 real estate companies; China Overseas and China Resources had comprehensive sales of 51.5 billion yuan and 44.1 billion yuan respectively. Looking at the changes in the TOP10, the fourth and fifth places are Greentown China and China Merchants Shekou, with comprehensive sales of 38.6 billion yuan and 33.34 billion yuan respectively. Meanwhile, Jianfa, Jinhui, Yuexiu, Vanke, and Binjiang also ranked in the top 10.

From the perspective of more “valuable” equity sales, according to CRIC Research Institute data, in the first quarter, China Overseas Land & Investment, Poly Developments, and China Resources Land ranked the top three, with equity sales of 47.4 billion yuan, 40.7 billion yuan, and 31.15 billion yuan respectively.

It is worth noting that in March, the real estate companies experienced a “small spring” period of rapid sales, with over half of the companies seeing month-on-month growth in sales.

Among the 97 companies monitored by E-House Zhiku, 51 companies including Poly Developments, China Overseas Land & Investment, China Resources Land, China Jinmao, and China Merchants Shekou saw month-on-month increases in sales. Among them, 18 companies such as China Overseas Land & Investment, China Jinmao, China Travel Investment, and China State Construction First Bureau saw month-on-month growth exceeding 100%. China Overseas Land & Investment’s sales in March reached 28.58 billion yuan, a 117% increase month-on-month; China Jinmao’s single-month sales were 9.5 billion yuan, with a 115% increase.

Specifically, in March, hot-selling projects were mainly concentrated in first- and second-tier cities like Shanghai, Beijing, Chengdu, and Hangzhou. Liu Shui, Director of Enterprise Research at CRIC Research Institute, further pointed out that favorable policies have accelerated the rapid recovery of markets in first- and second-tier cities, such as the implementation of the “Seven Policies in Shanghai,” which has led to a simultaneous rise in new and second-hand home transactions in Shanghai.

It is worth mentioning that, at the beginning of this year, China Travel Investment, which briefly entered the top five, currently has sales of 11.18 billion yuan, ranking temporarily at 12th place. Privately owned regional developers like Xingyao Real Estate and Jianhang Real Estate have also entered the top 30.

Looking at the overall performance of the top 100 real estate companies, according to CRIC Research Institute data, in the first quarter of this year, the total sales of the top 100 companies reached 620.87 billion yuan, a 3.7 percentage point decrease compared to last month; equity sales amounted to 438.75 billion yuan, with a sales area of 21.59M square meters.

Regarding the reason for the smaller decline, Liu Shui believes that most companies seized the key period in March to accelerate project launches and promotions, which helped reduce the sales decline.

Editor: Yang Juanjuan

Design: Xu Xiao

Proofreading: Mu Xiangtong