According to the "Sales Rankings of Chinese Real Estate Companies for Q3 2009" report China’s real estate sector is changing.Vanke topped the list in terms of sales revenue at of the end of the third quarter. Industry analysts predict that if Vanke can increase the number of units available for sale in the fourth quarter, the developer will achieve sales revenue amounting to RMB60 billion for 2009, and by doing so, set a nationwide record among all the players in the sector.However, major Chinese developers like Poly Real Estate Group, China Overseas Land & Investment, Evergrande Real Estate Group and Greenland Group are gaining momentum this year and are closing in on and Vanke.
And there are more and more players with annual sales of RMB10 billion or above.
Reuters PR said during the first half of the year, Evergrande Real Estate Group took the lead in recording robust growth during the economic recovery.