Top 20 developers share a larger chunk of China’s property market
Experts now predict consolidation is inevitable with the total number of Chinese developers shrinking to just 3,000 from the current 50,000 by 2020
China’s top 20 property developers took up more than a quarter of the market share last year, according to a leading market monitoring agency.
Combined sales of the top 20 developers in terms of annual contracted sales hit 2.979 trillion yuan (HK$3.35 trillion), according to the China Index Academy’s data. That would account for 25.5 per cent of the national property sales (projected) for last year.
The figure is up from 1.956 trillion yuan, or 22.4 per cent of the market share, recorded in 2015, based on the same list by the academy. Five years ago, in 2011, the number was just 919.5 billion yuan, or 15.55 per cent of total sales.
Riding on the back of a historical bull run in last year’s property market, 133 developers made it to the list of companies registering revenue of more than 10 billion yuan, up from 104 in 2015, and just 37 in 2011.
