【www.sina.com】Publishing the 2016 Appraisal Results of Real Estate Enterprises in East China

Based on the experiences of real estate enterprise appraisal results released for eight consecutive years in China, the real estate research and appraisal authorities have subdivided the region for appraisal and research, and the 2016 Appraisal and Research Report on Real Estate Development Enterprises in East China was officially released on June 28.

The Report jointly issued by the China Real Estate Association, China Real Estate Research Institute and China Real Estate Appraisal indicates thrat in 2015, the overall real estate market is positive, and the turnover break the records, but the growth of development investment, land acquisition area, new construction area and other indexes have continued to shrink. For instance, the growth of real estate development investment fell to their lowest in the past 17 years. Under the background of “new normal” macro economy and de-stocking as the main task in the real estate market, the “Rift Valley” between the first and second-tier cities and the third and fourth-tier cities is further widened and deepened.  

However, the last year’s performance of real estate market in the Yangtze River Delta, with high degree of opening, strong economic strength and wide population-absorbing capacity is rather attractive. Both saleable property area and sales amount rose in Jiangsu, Zhejiang and Shanghai in 2015.

In Shanghai, saleable area of new houses was 24.3136 million m², with year-on-year growth of 16.6%; sales amount was RMB 509.355 billion (the same below), with year-on-year growth of 45.55%. In Zhejiang, saleable area of new houses was 59.853 million m², with year-on-year growth of 27.98%; sales amount was RMB 629.946 billion (the same below), with year-on-year growth of 27.96%. In Jiangsu, saleable area of new houses was 114.1405 million m², with year-on-year growth of 15.92%; sales amount was RMB 839.62 billion (the same below), with year-on-year growth of 21.71%.

In contrast, Fujian and Anhui’s performance was less attractive. Their saleable areas of new houses were 40.3776 million m² and 61.7409 million m² respectively, down by 1.98% and 0.45% year on year; their sales amounts were RMB 358.581 billion yuan and RMB 336.942 billion yuan respectively, down by 4.72% and up by 0.72% year on year.  

The appraisal shows that several real estate enterprises in east China took the leading position nationwide. In Shanghai, Top 5 real estate enterprises were Greenland Group, Future Holding, CIFI Group, Bright Life and Shanghai Construction Estate; in Zhejiang, Top 3 were Greenland Group, Binjiang Real Estate and Jiayuan Group; in Jiangsu, Top 3 were Zhongnan Construction, Suning and Landsea; in Fujian, YanGo, Rongxin (Fujian) Investment Group and C&D ranked the first three; in Anhui, Wenyi Group, Goocoo Group and Huainan Mining Industry were in the top three.