China real estate companies that witnessed sales of more than RMB10 billion in 2008 and are expected to reap sales of more than RMB10 billion are classified into three categories, according to the latest report by the research center under E-House (China) Holdings Limited, a leading full-service provider of real estate services in China. This is supported by a report in English EastDay by Shaun Brodie.
Trading Markets reported China Vanke, China Overseas Property Services, Poly Real Estate, China Merchants Property Development and COFCO are regarded to have enough capital, which will help these companies to expand presence further this year. However, Guangzhou R&F Properties and Hopson Development Holdings face more capital pressure in 2008.
China Vanke, China Overseas Property Services Ltd, Poly Real Estate are the top three among all real estate developers with sales of more than RMB 10 billion in 2008.