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China's top 100 real estate developers' market share rises to 58.1% in 2018

2019-03-21 15:50

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BEIJING, March 21 (Xinhua) --- China's top 100 real estate developers saw their sales market shares surge rapidly to 58.1 percent in 2018, up 10.6 percentage points over the previous year, reported the Xinhua-run Shanghai Securities Journal quoting related research institutions on Tuesday.

Data showed that in 2018, the total sales value and sales area of the top 100 developers reached about 8.72 trillion yuan and 662.4 million square meters, up 33.2 percent and 32 percent year on year, respectively.

Moreover, the average operating income of China's top 100 real estate developers increased 27.3 percent year on year to 48.62 billion yuan, with the average net profit standing at 6.44 billion yuan, up 28.2 percent from a year earlier.
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