China News Service, March 22 (China News Finance reporter Zuo Yukun) “Real estate companies are focusing on their advantageous areas to adjust their business structures and gradually transform into a new development model. They have shifted from single value creation based on asset-heavy development and construction in the past to development. , operation, and service diversified value creation.”
On March 21, the "2024 China's Top 100 Real Estate Enterprises Research Results Conference and Conference" was hosted by the China Enterprise Evaluation Association, Tsinghua University Real Estate Research Institute, and Beijing Zhongzhi Information Technology Research Institute, and hosted by the China Real Estate TOP10 Research Group of Beijing Zhongzhi Information Technology Research Institute. The 21st China Real Estate Top 100 Entrepreneurs Forum" was held in Beijing. The China Index Research Institute put forward the above views in the "2024 Top 100 Enterprises Research Report" (hereinafter referred to as the "Report") released at the meeting.
Under the current situation, the policy points out that "all people should be treated equally" to support the financing of real estate enterprises, and proposes "three no less than", addressing both the symptoms and root causes to resolve real estate risks, adapting to the development trend of new urbanization and changes in the supply and demand relationship of the real estate market, and accelerating the construction of a new model of real estate development. How to adapt to the new situation and act proactively has become a common concern for real estate companies.
The report points out that in the process of market adjustment, only "stability and strength" are the magic weapon for business operations. In 2023, the market share of the top 100 companies will be 46.2%, a slight increase of 0.4 percentage points from the previous year. The sales market share of the top 10 companies in terms of comprehensive strength was 22.3%, which was basically the same as the previous year. In terms of enterprise ownership, central state-owned enterprises continue to increase their market share by virtue of their strong resource endowments and stable operations.
It is worth mentioning that the report found that the revenue and profit structure of some top 100 companies have changed, and the proportion of non-development business has increased. On the one hand, non-development businesses such as typical real estate company holding business and service business have contributed higher revenue and profits. On the other hand, holding business and service business improve the overall liquidity of the company with its stable cash flow.
Not only that, as the market shifts from incremental to existing, real estate companies, while improving the quality of traditional development business, also need to actively expand related business areas, form multi-wheel drives through business expansion, exert business synergies, and build a sustainable development environment. model.
"The real estate market is in a period of transformation and adjustment, and finding a new development model is the key for real estate companies to win in the future." The report believes that the current transformation of my country's real estate companies from developers to service providers is an inevitable trend. In addition to real estate development business, we should actively transform and upgrade around tracks such as construction agency and comprehensive operation services, such as mortgage services, property services, real estate brokerage, investment management, apartments, real estate funds, warehousing and other tracks.
Taking construction agency as an example, the report shows that in 2023, the real estate construction agency business will show an upward trend against the trend. The newly contracted construction area of projects constructed by construction companies is expected to be 173.12 million square meters, a significant increase of 56.3% compared with 2022. (over)