Industries > Real Estate

20 leading real estate enterprises purchase land with over RMB30bln in Sep.
2015-09-24 14:18

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The statistics of Centaline Property based on public information released by real estate enterprises show that as of yesterday (Sept. 22), 20 leading real estate enterprises among top 30 domestic real estate enterprises, including China Vanke Co., Ltd. (000002.SZ), Poly Real Estate Group Co., Ltd. (600048.SH), Evergrande Real Estate Group (03333.HK), Wanda Real Estate Group and Country Garden, totally purchase land with 32,834 million yuan since September, setting the highest record in nearly eight months this year and ranking only second to 56,797 million yuan in January.

As the policies on real estate market gradually ease, primary sales market sees extensive recovery. It brings de-stocking and also stimulates real estate enterprises in purchasing land.

Data suggests that the land market slumps ever since January this year, the above 20 leading real estate enterprises purchased land within 20 billion yuan for four consecutive months, while multiple enterprises including Sino-Ocean Land Holdings Limited, Greenland Group and Franshion Properties (China) Limited even kept the record of purchasing no land at all in several months.

But the land market takes a turn for the better since June. Real estate enterprises start to purchase more land, and the cost in purchasing land increases accordingly, continuously exceeding 20 billion yuan. Enterprises which do not purchase much land before also return to the market again.

Insiders believe that though first-tier and second-tier cities are also experiencing adjustment, the demand is still great. The housing price data released by the National Bureau of Statistics (NBS) also suggests that the real estates in the first-tier and second-tier cities all surge in price, while the stock of real state in the third-tier and fourth-tier cities is still high, their future development of real estate market allows no optimism.

Therefore, most real estate enterprises will choose to heavily invest in first-tier and second-tier cities. But it also means that the land market of the first-tier and second-tier cities will usher in increasingly fierce competition in the future.
Translated by Jennifer Lu
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