[photopress:cleark_with_real_estate_model.jpg,full,alignright]The China Real Estate TOP 10 Research Team was originally composed of the Enterprise Research Institute of Development Research Center of the State Council of China, the Institute of Real Estate Studies of Tsinghua University and the China Index Academy. Then, in November 2006, it was joined by the China Real Estate Association so you can take it that figures that it issues are pretty authoritative.
Since 2004 it has been releasing a list of the top 100 Chinese real estate developers. Its findings have been widely accepted by governments and financial institutions as an important standard for judging developers’ comparative strength in the real estate industry.
The assets of the top 100 real estate developers increased dramatically in 2006. Average total assets reached RMB7.31 billion, and average net assets were RMB2.5 billion.
The average growth rate of total and net assets of the top hundreds was 38.8% and 59.4%, representing 16.1% and 5% increases year-on-year.
Average planned floor space and average reserved land space last year were 3.97 million square meters and 3.81 million square meters respectively, a growth of 36.0% and 30.8 % in that order.
Though purchased land space continually decreased nationwide, the reserved land space of the top one hundred maintained its steady growth which pretty much assured that their position in that magic century will be undisturbed. This plentiful reserved land space ensures sustainable development for the star developers.
For instance, the reserved land space of Guangxi East Hangyang and Fujian Zhenro was more than 3 million square meters.
The real estate industry will remain a key growth engine for the Chinese economy as it boosts both consumption and investment. The probable result will be that the big real estate developers will get bigger and stronger in the next few years.
Source: China Daily