[photopress:real_estate_vanke_1.jpg,full,alignright]According to The Research Report on the Competitiveness of China Real Estate Enterprises issued by the Development Research Center of the State Council real estate enterprises are constantly developing new funding channels. Their capital has expanded rapidly and, by extension, their land purchases are becoming larger and larger.
Currently, the largest real estate developer has 45 square kilometers of land reserves. In many second or third tier cities, it has become increasingly difficult for more and more real estate enterprises to acquire land.
Country Garden, one of the leading property developers in China, is the largest ‘landlord’ in the country. By the end of this July, the company’s total land reserve had reached an astounding 45 million square meters. Its land reserves nearly doubles that of the second largest landholder. Country Garden real estate primarily focuses on suburban areas of the first, second and third tier cities; therefore their asset prices are relatively low.
Vanke owns assets of nearly RMB50 billion. Vanke’s land reserves exceeded 15 million square meters in the first half of 2007.
New World China Land’s land reserves have reached 17.53 million square meters.
Yuexiu has made investments in the real estate industry for 5 years and has maintained assets of RMB30 billion and a land reserve of 6 million square meters.
China Resources Land has land reserves of8.199 million square meters.
R&F Properties has land reserves of 20.92 million square meters.
Source: China.org.cn
You must log in to post a comment.