1. LINE

      Text:AAAPrint
      Economy

      Property developer bullish on sales

      1
      2017-03-17 09:42China Daily Editor: Li Yan ECNS App Download

      The revenue of some leading Chinese real estate companies will hit 500 billion yuan ($72.5 billion) this year-and the industry will be further consolidated as competition intensifies, a research report said on Thursday.

      Most of large-scale property developers are bullish about this year's sales after skyrocketing growth last year, according to research by the China Index Academy, the Development Research Center of the State Council and Tsinghua University.

      It said their average growth rate would exceed 40 percent in 2017, boosted by the rosy market, sufficient land parcel reserves and solid cash flow.

      Guangdong-based property developers Evergrande Group and Country Garden Holdings, for instance, both aim to realize a sales target of 500 billion yuan this year.

      That's while Greenland Group and China Overseas Property Group expected to see their sales exceed 300 billion yuan in 2017.

      The report added that the trend of further consolidation and concentration among the biggest players in the property sector continued with the top 100 property developers gaining a market share of 40.8 percent last year, up 4.7 percentage points and reaching a record high.

      First-tier cities, such as Beijing, Shanghai, Guangzhou and Shenzhen, and second-tier and mainly provincial capital cities remained the development focus of the major real estate companies.

      The report said these cities contributed nearly 80 percent to their total profits.

      "The red-hot competition will lead to more mergers and acquisitions in the industry, and the market will also see some reorganization," said Liu Hongyu, head of the real estate research institute at Tsinghua University.

      Despite the robust sales growth, major property developers had weaker profitability last year, the report said, and the industry's profit margins would continue to narrow in the current year due to the increasing operational and land costs.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 亚洲码在线中文在线观看| 亚洲性色成人av天堂| 久久国产精品2020免费m3u8| 亚洲电影唐人社一区二区| 永久免费av无码网站大全| 久久久久免费视频| 亚洲国产片在线观看| 亚洲AV中文无码乱人伦在线视色 | 成人性生交大片免费看好| 亚洲福利电影一区二区?| 日韩a级毛片免费视频| a级日本高清免费看| 国产亚洲精品成人AA片| 国产午夜亚洲不卡| 一二三四在线观看免费高清中文在线观看| 色吊丝性永久免费看码| 亚洲免费中文字幕| 亚洲一区二区三区在线观看精品中文| 91在线视频免费91| 最近更新免费中文字幕大全| 亚洲美国产亚洲AV| 亚洲国产精品人久久| 亚洲男人第一无码aⅴ网站| 国产成人精品免费午夜app| 毛片基地看看成人免费| 亚洲熟女综合色一区二区三区| 亚洲AV无码成人网站久久精品大 | 96免费精品视频在线观看| 污污免费在线观看| 亚洲日日做天天做日日谢| 亚洲视频.com| 国产gv天堂亚洲国产gv刚刚碰| 四虎www免费人成| 99久久久精品免费观看国产| 青青操免费在线观看| 免费精品久久久久久中文字幕| 国产成人精品日本亚洲专一区| 亚洲V无码一区二区三区四区观看| 国产一级特黄高清免费大片| 免费视频专区一国产盗摄| 久久99精品免费视频|