Business     

Big Chinese property developers cement position

Shanghai Daily, January 7, 2013

• Major Chinese real estate developers consolidated their market leadership last year even as measures to curb housing speculation remained.

  Fifty-two developers sold properties worth more than 10 billion yuan (US$1.58 billion) in 2012, up from 37 in 2011 and 35 in 2010, the China Index Academy, a leading real estate research body, said in its latest report.

  Shenzhen-based China Vanke Co remained the country's largest builder after selling 145.2 billion yuan worth of properties last year, immediately trailed by Poly Real Estate Group and Shanghai Greenland Group, which both sold properties valued at over 100 billion yuan.

  Guangzhou-based Evergrande Real Estate Group led by volume, selling 16.51 million square meters last year.

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