Beijing, 5 May (ZXS) -- With the recovery of real estate market transactions since the beginning of this year, the sales of Chinese real estate enterprises have also rebounded.
Wang Lin, head of research at the China Index Research Institute, pointed out at a monthly market situation analysis meeting on the 4th that from January to April 2023, the total sales of the 1 housing enterprises with the highest sales in China was 4.100 billion yuan (RMB, the same below), an increase of 23934.6% year-on-year, continuing to grow.
The number of "6 billion housing enterprises" and "3 billion housing enterprises" has increased compared with the same period last year. Wang Lin pointed out that in the first four months, there were 59 real estate enterprises with sales of more than 2 billion yuan, an increase of 4 over the same period last year. There were <> real estate enterprises with sales of more than <> billion yuan, an increase of <> over the same period last year. In the first four months, the six "<> billion real estate enterprises" were: Poly Development, Vanke, China Overseas Real Estate, Country Garden, China Resources Land and China Merchants Shekou.
Throughout last year, the operation of listed real estate enterprises was not optimistic. According to the statistics of the China Index, as of the end of April, a total of 4 Shanghai, Shenzhen and mainland listed real estate enterprises in Hong Kong have released their 111 performance reports. According to these reports, the average net profit of 2022 housing enterprises fell by 111.95% year-on-year, of which 4 housing enterprises experienced a year-on-year decline in net profit and 93 loss-making housing enterprises.
According to the statistics of the Clarion Research Center, the cumulative performance of the top 1 housing companies from January to April has further increased to 4.9% after turning positive in the first quarter. Overall, China's real estate industry is expected to recover since 7, but the overall purchasing power of the market is still at a relatively low historical level.
It is worth noting that corresponding to the decline in real estate market activity in April, the sales of housing enterprises also fell month-on-month. According to the statistics of the China Index, the monthly sales of the top 4 housing enterprises in April fell by 4.17% month-on-month; According to the statistics of the trading amount of the CRRC, the performance of the top 4 real estate companies in April decreased by 4.14% month-on-month.
The analysis believes that in April, after the concentrated release of the backlog of demand in the early stage, the activity of the real estate market in some key cities has declined, resulting in a month-on-month decline in corporate sales. Looking forward to the future market, the CRRC believes that the "baton" of rigid demand weakening and improving demand is a high probability event, and the real estate market in different cities is expected to continue to diverge. (End)