On the 2025 Fortune China 500 ranking for real estate companies, China’s leading real estate developer Poly Real Estate ranked first with a total revenue of ************ U.S. dollars, followed by China Vanke and Country Garden. Real estate market in ChinaIn the last 20 years, China’s real estate market has experienced its most prosperous development. Land purchase has also become an important source of financial revenue for many local governments. The housing price increased so rapidly, especially in larger cities, that the government had to take measures to restrict investment. With the slowdown of China’s economic development and gradually saturated market, people are also afraid of the burst of the real estate bubble. While the real estate price in smaller cities tended to stay stable or even decrease, there is still growing potential for real estate prices in larger cities, especially the first-tier cities. China’s consumers are increasingly interested in the high-quality real estate products built by leading real estate developers. Leading real estate developers in ChinaCompared to the ranking in 2021, there were ***** new members entering the leading ten real estate developer club in 2022. The larger developers became stronger as they had advantages in land acquisitions, financing, marketing and pricing power which is difficult for smaller developers to catch up with. Thus, consolidation is also very common among China’s real estate developers. In 2022, *** real estate giants disappeared from the Fortune 500 ranking list, Evergrande and Sunac. Affected by the changing real estate market, they were facing cash flow problems and were affected heavily by the debt crisis.

In 2024, the leading real estate company in China based on floor space sold was China Vanke. For the Chinese economy, the real estate and construction industry was an essential part, contributing a significant share to the country's GDP.

In 2023, the number of enterprises for real estate development reached almost 100 thousand in China. Since the 1998 housing reform, the number of real estate developers increased almost every year. The vast majority of real estate developing companies in China are privately-owned. Despite the substantial growth in the sector, the number of state-owned real estate companies shrunk from almost ***** in 2020 to ***** in 2022, while the number of companies with investments from Hong Kong, Macau, Taiwan, and overseas also decreased slightly in the past two decades.

In 2024, Poly Real Estate was the most active real estate developer in China, generating a sales revenue of approximately *********** yuan. Other leading companies were China Overseas Land & Investment Ltd. and Greentown China. Real estate market in ChinaWith more than ******************** real estate developers, China's real estate market is ranked among the world’s largest as of 2023, recruiting over *********** employees, and generating revenue from real estate sales that has increased tenfold between 2005 and 2021. China's real estate market has become a subject of debate for a long time, with the average real estate sale price per square meter in China skyrocketed from ***** yuan in 2008 to more than ****** yuan in 2023. However, different regions experienced substantially different price growth trends; as of 2023, Shanghai was the region in China with the highest sales price of real estate, followed by Hainan and the capital, Beijing. Future developmentConsidering the average income in the country, the housing prices in the largest cities are far beyond the affordability of an average household, even in suburb areas. China's central and western provinces had relatively less expansive real estate price. As a matter of fact, housing prices in China grew at a pace parallel to the country's GDP growth rate. The fluctuation of real estate prices is very likely to have a far-reaching impact on China's economic development; although the extremely high real estate prices in some regions of China are expected to fall, a sudden drop of housing prices would set off a chain reaction, leading to devastating consequences for the country's future.

China's large population, the accelerating urbanization process, rising household disposable incomes, and strong economic expansion have all contributed to the development of the real estate market. As a result, demand for real estate agents in China has been rising to meet the expanding market volumes and requirements for higher transaction efficiency.Over the five years through 2025, industry revenue is anticipated to decrease at a CAGR of 3.3%, including a decline of 2.2% in 2025. A competitive market has led to speculation and inflated housing prices in recent years. As a result, the Chinese government has implemented property-purchasing and loan limitations, price restrictions, and housing tax reforms to regulate industry development and limit speculation. Since 2022, consumers' demand for real estate has declined due to the COVID-19 epidemic and economic downturn. In 2023, the newly constructed area of real estate decreased by 20.9% year-on-year, which was narrower than that in 2022, while the completed area of real estate in this year increased by 15.8%.Over the five years through 2030, ACMR-IBISWorld forecasts that China's Real Estate Agents industry will recover, with revenue increasing at a CAGR of 1.9%. Due to intensifying competition, the separation of real estate development and sales will continue. Outsourcing real estate sales operations will improve the operational efficiency of real estate developers and offer new opportunities for real estate intermediary service providers in the industry.

China Listed Company: Debt to Asset Ratio: Real Estate data was reported at 74.568 % in 2023. This records a decrease from the previous number of 86.729 % for 2022. China Listed Company: Debt to Asset Ratio: Real Estate data is updated yearly, averaging 74.278 % from Dec 2001 (Median) to 2023, with 22 observations. The data reached an all-time high of 86.729 % in 2022 and a record low of 50.030 % in 2001. China Listed Company: Debt to Asset Ratio: Real Estate data remains active status in CEIC and is reported by China Securities Regulatory Commission. The data is categorized under China Premium Database’s Business and Economic Survey – Table CN.OZ: Financial Data of Listed Company: Debt to Asset Ratio.

Number of Businesses statistics on the Real Estate Agents industry in China

The China Residential Real Estate Market is Segmented by Property Type (Apartments & Condominiums and Villas & Landed Houses), Price Band (Affordable, Mid-Market and Luxury), Mode of Sale (Primary and Secondary), Business Model (Sales and Rental) and Key Cities (Shenzhen, Beijing, Shanghai, Hangzhou, Guangzhou, and Other Key Cities). The Market Forecasts are Provided in Terms of Value (USD).

The China Commercial Real Estate Market is Segmented by Property Type (Offices, Retail, Logistics, Others (industrial Real Estate, Hospitality Real Estate)), by Business Model (Sales and Rental), by End-User (Individuals / Households, Corporates & SMEs, Others) and by Cities (Shanghai, Beijing, Shenzhen and More). The Market Sizes and Forecasts are Provided in Terms of Value (USD)

Revenue for the Residential Real Estate industry in China is expected to decrease at a CAGR of 9.8% over the five years through 2025. This trend includes an expected decrease of 9.6% in the current year.Since August 2020, the People's Bank of China and the China Banking and Insurance Regulatory Commission have proposed three debt indicators for real estate development and management companies through which the company's financial health can be rated. This new policy has exacerbated the company's debt pressure, making it unable to repay old debts by borrowing new debt. Some real estate companies faced a liquidity crisis.In 2022, the city's lockdown and laying-off caused by COVID-19 epidemic led to the pressure of delaying the delivery of houses. The industry's newly constructed and completed areas decreased significantly throughout the year. In addition, the epidemic has impacted sales in the industry, and some sales offices have been forced to close temporarily. In 2022, the residential sales area decreased by 26.8%, and the residential sales decreased by 31.2%.Industry revenue will recover at an annualized 0.7% over the five years through 2030. Over the next five years, the industry's drag on GDP will weaken, and industry growth will stabilize. However, high housing prices have become a major social problem in China. Under the measures on the principle that residential real estate is used for living, not speculation, the financial attributes of real estate will gradually weaken, and housing prices will tend to stabilize.

The China Office Real Estate Market Report is Segmented by Building Grade (Grade A, Grade B, and More), by Transaction Type (Rental and Sales), by End Use (Information Technology (IT & ITES), BFSI (Banking, Financial Services and Insurance), and More) and by Major Cities (Beijing, Shanghai, Shenzhen and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

China Real Estate: Profit from Main Business data was reported at 889,440.220 RMB mn in 2010. This records an increase from the previous number of 698,193.850 RMB mn for 2009. China Real Estate: Profit from Main Business data is updated yearly, averaging 555,317.950 RMB mn from Dec 2004 (Median) to 2010, with 5 observations. The data reached an all-time high of 889,440.220 RMB mn in 2010 and a record low of 73,940.610 RMB mn in 2004. China Real Estate: Profit from Main Business data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RKF: Real Estate Enterprise: All.

China Real Estate: Other Business Revenue data was reported at 32,439.990 RMB mn in 2010. This records an increase from the previous number of 31,707.160 RMB mn for 2009. China Real Estate: Other Business Revenue data is updated yearly, averaging 29,632.460 RMB mn from Dec 2007 (Median) to 2010, with 4 observations. The data reached an all-time high of 32,439.990 RMB mn in 2010 and a record low of 22,654.800 RMB mn in 2007. China Real Estate: Other Business Revenue data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RKF: Real Estate Enterprise: All.

In the first nine months of 2021, based on sales revenue, the top 10 leading real estate companies in China had a market share of almost ** percent. The leading 200 companies together occupied **** percent of the real estate market, which showed that the market was very fragmented with many smaller companies.

Comprehensive dataset containing 114,459 verified Real estate agency businesses in China with complete contact information, ratings, reviews, and location data.

Comprehensive dataset containing 3 verified Real estate developer businesses in Beijing, China with complete contact information, ratings, reviews, and location data.

The dataset includes financial and operational data for 174 Chinese listed real estate developers.

Comprehensive dataset containing 3,171 verified Real estate agency businesses in Henan, China with complete contact information, ratings, reviews, and location data.

China Real Estate: Profit from Other Business data was reported at 16,848.290 RMB mn in 2017. This records a decrease from the previous number of 19,420.950 RMB mn for 2016. China Real Estate: Profit from Other Business data is updated yearly, averaging 20,272.050 RMB mn from Dec 2007 (Median) to 2017, with 11 observations. The data reached an all-time high of 36,917.000 RMB mn in 2013 and a record low of 15,700.630 RMB mn in 2007. China Real Estate: Profit from Other Business data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RKF: Real Estate Enterprise: All.

Comprehensive dataset containing 2 verified Real estate developer businesses in Hunan, China with complete contact information, ratings, reviews, and location data.