1. Vanke Enterprise Co Ltd
2. Evergrande Real Estate Group
3. Greenland Holding Group Co Ltd
4. Poly Real Estate Co Ltd
5. China Overseas Land & Investment Co Ltd
6. Beyoncé Park Holdings Ltd
7. Ltd.
8. Sunac China Holdings Ltd.
9. Longfor Properties Ltd.
10. Guangzhou R&F Real Estate Co.
11. China Merchants Property Holdings Co.
14. Jindi Co.
15. Sino-Ocean Land Holdings Co.
16. Greentown Real Estate Group Co.
17. Rongsheng Real Estate Development Co.
18. Beijing Capital Development Holdings Co.
19. Fudie Co.
20.20.Jinke Real Estate Group Co.
According to the data of the 2017-2022 China Real Estate Industry Investment and Development Strategy Report released by China Report Hall, China's real estate development and investment growth rate in 2016 was low to single digits for two consecutive years, and the industry's average profit margin is still entering a downward trend, and the trend of real estate enterprise differentiation and transformation is continuous.
The real estate market turnover in January-February 2017 greatly exceeded market expectations, during the period of commercial real estate sales area increased by 25.1% year-on-year, the growth rate of 2.2 pc compared with the full year of 16 years; commercial residential sales area increased by 23.7% year-on-year, an increase of 2.6 pc compared with the 16 years.
China's top 50 real estate rankings
1, Evergrande Group Ltd
Evergrande Group is a Fortune 500 enterprise group based on livelihood real estate, with culture and tourism, health and wellness as two wings, and new energy automobile as the leading one. At present, Evergrande has total assets of 2.1 trillion dollars, annual sales scale of over 600 billion dollars, accumulated tax payment of over 240 billion dollars, charitable donations of over 14.8 billion dollars, 140,000 employees, solving employment of more than 2.6 million people every year, and ranked 138th in the world's top 500 companies.
2, Beyoncé Holdings Limited
July 22, 2019, the 2019 Fortune 500 list was released, Beyoncé Holdings Limited ranked 177th.August 22, 2019, "China's Top 500 Private Enterprises" was released, Beyoncé ranked No. 7 ; 2019 China's top 100 private enterprises in the service industry was released, and Beyoncé Holdings Limited ranked No. 5.
3. Vanke Enterprise Co.
Vanke Enterprise Co. was founded in 1984, and the company's business focuses on the nation's three most economically vibrant economic circles and the key cities in central and western China.In 2016, the company made its debut in the "Fortune "Fortune 500" and ranked 356th on the list, and was listed in 2017, 2018 and 2019 successively, ranking 307th, 332nd and 254th on the list respectively.
4, Zhongnan Holding Group Co.
Zhongnan Holding Group Co., Ltd. started in 1988, has developed into a total assets of nearly 30 billion yuan. in August 2016, Zhongnan Holding Group ranked 263rd in the "2016 China's Top 500 Enterprises". 2019 China's top 100 private enterprises in the service industry was released on August 22, 2019, ranking No. 10 in the list. Zhongnan Holding Group Co. ranked 10th.
5. Chongqing Jinke Investment Holding Co.
Chongqing Jinke Investment Holding Co. was established on December 12, 2007.2019 China Top 100 Private Enterprises in Service Industry released, Chongqing Jinke Investment Holding Co. ranked 15th.On September 1, 2019, the 2019 China's top 500 service enterprises list was released in Jinan, Chongqing Jinke Investment Holding Limited Liability Company ranked 62nd.
Top 100 Real Estate Companies
Top 100 Real Estate Rankings in China in 2021:
1, Evergrande Group Limited
2, BGI Holdings Limited
3, Vanke Enterprise Company Limited
4, Greenland Holding Group Company Limited
5, China Shipping Real Estate Group Limited
6, China Poly Group Corporation
7, Sunac China Holdings Limited
8, Longfor Group Holdings Limited
9, China Resources Land Limited
10, Xiamen C&D Company Limited
11, Overseas Chinese Town Group Co Ltd
12, Dalian Wanda Group Co.
13, Shimao Real Estate Holdings Co.
14, Huaxia Happiness Foundation Co.
15, Chengjian Group Co.
16, China Merchants Shekou Industrial Zone Holdings Co.
17, Xiamen International Trade Group Co. Ltd.
19, Guangzhou R&F Real Estate Co.
20, Xiamen Xiangyu Group Co.
21, Xiangsheng Real Estate Group Co.
22, Xincheng Development Holdings Co.
23, Huayu Group Co.
24, Zall Holding Co. Ltd.
25, Jindi Co.
26, Longyi Taihe Group Co.Hebei
27, Hongyang Group Co.
28, Jinke Real Estate Group Co.
29, China Jiayuan Holding Group Co.
30, Agile Real Estate Property Co.
31, Sunshine City Group Co Ltd
32, Longguang Real Estate Holding Co Ltd
33, Asahui Holdings Co Ltd
34, Dinglong Industrial Group Co Ltd
35, Greentown China Holdings Co Ltd
36, Jazhouye Group Co Ltd
37, China Aoyuan Group Co.
38, Fudi Co.
39, Rongxin Investment Group Co.
40, China Jinmao Holding Group Co.
41, Guangzhou Yuexiu Group Co.
42, Sino-Ocean Group Holdings Ltd.
43, China Anglo-Eastern Real Estate Co.
44, Fosun Property Co. p>
44, Fuga Group Limited Liaoning
45, Capital Venture Group Limited
46, Capital Development Holdings Limited
47, Time China Holdings Limited
48, China Railway Construction Real Estate Group Limited
49, Midea Property Group Limited
50 Ltd
51, Sansheng Group Co.
52, Lagoon Development Co.
53, Fusheng Group Co.
54, TEDA Investment Holding Co.
55, Sumitomo Group Co.
56, Poly Real Estate Group Co.
57, Zhengshang Enterprise Development Co. p>57, Zhengshang Enterprise Development Group Limited Company
58, Wenyi Investment Holding Group
59, Zhuhai Huafa Industry Company Limited
60, Bontec Holdings Group Limited
61, Mingbang Real Estate Company Limited
62, Jiangong Real Estate Company Limited
63, Junfa Group Limited Yunnan
64, Joy City Holdings Group Co Ltd
65, China Electric Construction Real Estate Group Co Ltd
66, Wolong Holdings Group Co Ltd
67, Longji Taixin Real Estate Development Co Ltd
68, Yilian Holding Group Co Ltd
69, Hopeful View Group Holdings Limited
70, Zhengrong Real Estate Holding Company Limited
71, Financial Street Investment Company Limited
72, Hipson Holdings Limited
73, Baolong Real Estate Holding Company Limited
74, Xin'oupeng Enterprises Limited
75, Jianye Real Estate Co.
76, Fortune Group Holdings Limited
77, Xinli Holdings Limited
78, Jinhui Group Co Ltd
79, Yuzhou Real Estate Co Ltd
80, Guangzhou Fangyuan Real Estate Development Co Ltd
81, Weifu Group Construction and Development Co Ltd
82, Baixing Group Limited
83, Golik Holdings Group Limited
84, Guangyu Development Company Limited
85, Zhongjun Group Holding Company Limited
86, Hangzhou Binjiang Real Estate Group Company Limited
87, Shimao Company Limited
88, Zhenghuang Group Co. p>
89, Taihe Group Co Ltd
90, New Hope Real Estate Development Co Ltd
91, Shouchuang Property Co Ltd
92, Aoshan Group Co Ltd
93, Zhonghua Enterprises Co Ltd
94, Beichen Industrial Co Ltd
95, New Ltd
96, Dahua Co Ltd
97, Pan Ocean Holdings Co Ltd
98, Rongqiao Group Co Ltd
99, Guorui Real Estate Co Ltd
100, Daimingcheng Enterprises Co Ltd
Big Guiyuan's latest events in Lanzhou
The first thing that comes to mind when bringing up Beyoncé, what is the first thing that comes to mind?
Is it the "universe's first real estate enterprise" status of the line of flirtation, or "life is not into the Evergrande, death is not into Vanke, life and death is not into the high pressure of the state of work of BGY", or "give you a five-star home! The advertisement of "give you a five-star home", or the owner's spit of "poorly decorated"?
But no matter what, in the current real estate regulation under the stick, whether it is the leading enterprises, veteran real estate enterprises or local real estate enterprises, have encountered varying degrees of development difficulties.
Evergrande, which has been exposed to defaults on commercial paper one after another, has had to break its arm to survive, and even sell its own properties, part of its stake in automobiles and its Hong Kong headquarters building, to raise funds for repayment.
Fortune Group even stepped on three red lines, can only fully contraction line, the domestic take the top 100 real estate enterprises have long been missing the trace of Fortune. Selling houses at a discount, more than 40% of the staff left, in a difficult situation.
Sichuan real estate enterprises, the first brother of the blue light development, frequent executive changes and personnel turmoil, debt defaults on the open market, founder Yang Clang's second son, Yang Wuzheng, "at the risk of orders" to take over the burden of the company's chairman, become the most miserable "housing two generations".
And BGI, in its own unique way, survived.
According to statistics from the Centaline Real Estate Research Institute, as of the end of July 2021, there have been a total of 352 controls on real estate across the country, and under the main tone of "stabilizing land prices, stabilizing house prices, and stabilizing the overdue" controls, the "three red lines" and the "centralized land supply" have been implemented. The "three red lines" and "centralized land supply" and other important policies have been introduced one after another, "efforts to live" has become the major real estate enterprises "competing for the goal".
According to the regulator's standard, as of the middle of this year, BGI's gearing ratio was 77%, which is still stepping on the line, but the debt data on the financial statements continue to be optimized. At the conference, BGI's CFO Wu Bijun added that we are going to gradually reduce the gearing ratio through asset operations, rather than through immediate downsizing.
The net gearing ratio is an industry-recognized indicator that best reflects the proportion of a real estate company's asset structure, its leverage ratio, and its ability to repay debt over the long term. the average net gearing ratio of the top 100 real estate companies at the end of 2020 was 94.6 percent, while BGI's figure was 55.6 percent. As of the middle of this year, BGI's net debt ratio continued to fall to just 49.7 percent, well below the 100 percent required in the three red lines.
The most striking thing is undoubtedly its abundant cash flow. As of the end of June, BGI's available cash balance was 186.24 billion yuan, with a cash-to-short-debt ratio of 2.1 times, a certain degree of improvement over the end of last year's 1.9, making its short-term debt repayment and risk-resistant ability worry-free.
On August 24, BGI released the group's interim results report, undoubtedly gave a market-satisfying answer sheet.
According to the data of the interim report, BGI achieved equity contracted sales amount of 303.09 billion yuan in the first half of the year, an increase of 14% year-on-year; equity contracted sales area of 34.51 million square meters, an increase of 8% year-on-year, with steady growth in sales performance.
In terms of core profitability indicators, the company's total operating income of 234.93 billion yuan, an increase of 27% year-on-year, gross profit, net profit and core net profit attributable to shareholders increased to 46.28 billion yuan, 22.42 billion yuan and 15.22 billion yuan, which is also among the leading real estate companies.
The rise in earnings was accompanied by a steady decline in interest-bearing debt figures, with leverage levels dropping further, as total borrowing balances continued to fall to 324.24 billion yuan, and the average cost of financing at the end of the period was 5.39 percent, a drop of 0.17 percentage points from the end of last year.
BGL's cash back from equity property sales amounted to about RMB 272.79 billion, with the equity return rate reaching 90%, significantly better than the industry average, which is the sixth consecutive year that BGL has reached 90% or above.
In terms of land bank, as of the end of June 2021, BGL's business has covered 296 prefecture-level administrative districts and 1,408 districts and counties in all provinces of Mainland China, with a total number of projects amounting to 3,127. In the first half of 2021, BGL*** acquired 219 pieces of land, with a total consideration for equity of approximately RMB 88.4 billion. In terms of amount, 82% of the newly-acquired land was focused on the five major metropolitan areas, and 62% was distributed in third- and fourth-tier cities.
It is worth mentioning that since April 2021, 22 cities have entered the era of centralized land supply. In the first batch of centralized land supply, BGI*** acquired 14 pieces of land, *** counting equity consideration of 17.1 billion yuan, in Chongqing, Zhengzhou, Wuhan and other cities at the bottom of the list, the overall premium rate of only 7%, the quality of the land acquired is significantly better than the average level of the first batch of centralized land supply.
In people's minds, BGI's image seems to have been a polarizing presence.
According to data released by KRC, for the whole year of 2020, BGY topped the national sales list with a full-caliber amount of 788.8 billion yuan.
Biguyen still came out on top with 500.8 billion yuan and a sales area of 53.478 million square meters from January to July 2021, according to a list of sales results of Chinese real estate companies released by the China Index Research Institute.
With so many houses sold, it naturally attracts a lot of comments.
At this stage, the main contradiction in China's society has been transformed into the contradiction between the people's growing need for a better life and unbalanced and inadequate development.
It is often said that BGI complies with the development trend of national urbanization, ploughing into the third and fourth tier cities, and eating a wave of national dividends. From the results, the choice of the three or four lines of this differentiated strategic direction, and indeed make BGY stand out from the many real estate companies.
Of course, BGI didn't layout every third and fourth-tier city indiscriminately, but carefully selected in its own way.
Prosperous urban circle cities, cities with successful transformation, ecologically livable cities, and cities with excellent financial performance are the focus of BGI's sinking market.
That's why BGI is y engaged in 15 first-tier quasi-tier cities such as Beijing and Shanghai. Hefei, Fuzhou, Zhengzhou and other 17 cities with outstanding productivity. 24 traditional industrialized cities such as Tianjin, Changchun and Wuxi. 28 livable cities such as Shijiazhuang and Hohhot. Tangshan, Qinhuangdao and 23 other cities with outstanding financial performance.
Biguyen's strategy of focusing on third- and fourth-tier cities can easily be seen as "earthy". Most real estate companies like to play high-end luxury homes, until BGI relies on the third and fourth tier market to open up the situation, the development of such a rapid, the major real estate enterprises have come to their senses. Originally, China's really huge market, not only in the first and second tier cities, the vast number of three or four tier cities and even small counties, are promising.
Decades ago, the strategic policy of encircling cities from the countryside is still valid.
Those who praise BGI are mainly focused on residents of third- and fourth-tier cities.
For many counties, incomplete five certificates are the norm, developers involved in blackmail is the norm, and rotten tail is also the norm.
After BGI entered the third and fourth tier cities, these messes have been improved in a large part, and BGI also brought the concept of building houses in big cities into the county, self-holding properties, and part of the large development will also have a villa area, high-rise, houses, etc. block type area, Merchants shopping malls. Property services, park greening, environmental education and other good performance, is the local developers can not do or not willing to do things.
The way to success of BGG is to insist on building the "most suitable house". Whoever buys a house doesn't have to make a family effort to compare three different houses. The house type, supporting facilities, neighborhood, kindergarten, etc., which is not the field to see more than a dozen before the board to make a decision.
Why the sales are so high, because in the choice of these owners, BGI is the optimal solution.
Taking a typical example, the super-sized Lanzhou Cinnamon Garden, which we can clearly see through the satellite map, is simply a city built on the yellow earth. Not only that, BGL also repaired the Yanbai Yellow River Bridge in Lanzhou.
Yang Guoqiang, chairman of the board of directors of BGI, once said in an internal document issued by the instructions, "high turnover is our invincible magic weapon".
And the price of high turnover is that many of BGI's projects have been complained by owners due to quality problems.
Big Cinnamon's push for a "five-star home" advertisement has been criticized by many homeowners as a "five-star pit".
Since 2021, BGI in Anhui Fuyang, Guangdong Dongguan, Guangdong Maoming, Hunan Loudi, Jiangsu Kunshan, Shanxi Taiyuan, Henan Dengzhou and other places are owners dissatisfied with the incident, not only is the quality of the problem has been repeatedly mentioned, and some of the projects are also involved in the "yin and yang contract", illegal delivery and other chaotic phenomena.
August, Urumqi Cinnamon Park project made a "handover drought", the prospective owners had to jointly express dissatisfaction. According to the owners of the response, BGG Tianxi project delivery is imminent, the owners of the field acceptance found many problems, one is induced propaganda, greening scale and sales sand plate does not match; Second, the quality does not meet the delivery standard, the basement does not meet the standard, the community cement pavement and other issues. After the incident fermented for half a month, the end of August BGG party only gave a response.
Previously in July, Cinnamon Garden also have a flurry of "corpse water incident", June 28, Guangzhou South China Cinnamon Garden neighborhoods of a property officer, fell into the South China Cinnamon Garden Cuishan Lantianyuan cistern unfortunately drowned.
Property in the case of knowing that the cistern into a bubble corpse water, deliberately conceal. Only posted a "water notice", resulting in owners in the case of unknowing, even drank many days of "corpse water", know the truth of the owners of the group of angry to go to the property to claim.
Until the end of July, there is official news, BGI Services President Li Changjiang responded to the outside world: talk to the owners have been good, the whole thing after the process, the process and the owners to do the explanation, get the owners' understanding, has been dealt with.
But there are still owners of South China Cinnamon Park dissatisfaction with the results, said the "corpse water" event occurred 7 days later, Cinnamon Park property under pressure, had no choice but to announce the truth of the matter, and has been hidden before, the nature of this matter is quite bad. Now a mention of this matter, I feel nauseous, on Li Changjiang's response is very dissatisfied, but also do not accept the results of the Cinnamon side.
In addition to the owners of the quality of BGIYuan and property is comparable to the "fast-selling products" question, BGIYuan at this stage of the biggest mine, should be its forest city project.
Black cat complaints on
Familiar with the BGI people know that Yang Guoqiang has always been unusually obsessed with the forest city.
"I have a dream to have a city that is three-dimensionally layered, with vehicles traveling underground, the ground is all parks, the building facades are full of vertically distributed plants, just like living in a forest, and the ground is pollution-free overhead rail transportation. Every day, people live in gardens, breathe in forests and delight in nature."
Not content with his utopian vision, and drawing on BGI's internationalization and ambition to reposition the city of the future, Yeo moved his dream of a forest city to Malaysia.
"We are a company that strives for the modernization of society, urbanization, and a better life for people," is how BGI gave its self-expectation before going overseas.
In order to make this project a hit, BGIYUAN smashed a lot of money on marketing channels, CCTV's prime time, the Spring Festival Gala, NBA games, the Rio Olympics have appeared in Forest City's figure, becoming the world's most advertised property, a time when no one knows about Forest City, no one knows.
But in 2018, Malaysia's new Prime Minister Mahathir took office, less support from the former Prime Minister Najib, the status of the Forest City Park project has taken a sharp turn for the worse, and the newly appointed Prime Minister has more than once said in public venues that he prohibits Forest City from selling to foreigners.
In fact, blasting the Forest City project in Johor was also a campaign stance of Mahathir, who had said that the BGP Forest City project, along with other Chinese-funded projects, was evidence that former PM Najib had sold Malaysia out. For this reason, Mahathir has gained the support of many Malaysians.
Malaysians in Johor also said in interviews that too many Chinese were snapping up real estate in the Cinnamon Forest City. They worry that the project will damage the environment and that the reclamation will have a major impact on the local fishing industry.
In fact, the real estate project has been full of gimmicks since it was first advertised, with the main theme being "freehold next to Singapore". It has been repeatedly emphasized that upon completion, Forest City will be no more than 2 kilometers away from Singapore in a straight line, and according to the image below, Forest City is indeed very close to Singapore.
However, the Forest City project is located in Iskandar Special Zone, Johor Bahru, Malaysia, which is an isolated island reclaimed from the sea in Malaysia, and the project started to be constructed one year after the reclamation, but according to the provisions of the relevant Malaysian laws, the reclamation project needs to be sunk for ten years and then constructed, and it will be very easy to be taken up by the relevant parties in the future to make a fuss about this issue. And 2 kilometers across the sea from Forest City is Singapore's Tuas Industrial Estate and a large oil refinery center.
When publicizing the project, BGI had also beautifully depicted the future to the owners, "go to work in Singapore, live in Johor Bahru". However, Forest City is still 35-40 kilometers away from Singapore's city center, and if they commute cross-country, the owners will have to cross four hurdles every day.
According to people living in Johor Bahru, Malaysia, the border crossing between Singapore and Malaysia is very congested during peak hours. Border control takes at least 1.5-3 hours, and whether you drive your own car, take public transportation, or ride a motorcycle, the crowds are something to get used to.
Complaints from Forest City owners on the Black Cat platform said the Singapore-Malaysia high-speed rail link, originally planned by BGI, has not been launched until now. The cross-sea Singapore-Malaysia Bridge, which was originally planned to connect Forest City to Singapore, is also nowhere to be seen. The independent customs office in Forest City, which was publicized to have been approved, has also not been launched.
Previously advertised as a modern freehold new town, it has now become a commercial property with only a 99-year land lease, with poor peripheral facilities, a long drive for healthcare and shopping, and an occupancy rate of less than 8 percent.
While it is a civilian housing is commercial utilities, but also increased a number of insurance premiums and management fees, a variety of charges than the domestic first-tier cities are several times more expensive.
The dream is good, but the reality is a bit cruel, I do not know what kind of impact the project in Forest City, Malaysia, will bring to BGI?
From the reality of the situation, in almost all real estate companies are feeling the pressure of recent years, BGI against the trend of "dog live". Whether it is financial indicators, or debt optimization, or multi-business synergies, BGY is at the forefront of domestic real estate enterprises.
Even if the vast number of owners of BGI described as selling "fast-selling houses", ridicule, dissatisfaction, complaints come and go. But there's no denying that BGY has survived in its own way.
However, it's clear that BGY has only "survived," with no success in diversifying its business and transforming its strategic growth engine.
So far, BGI's overseas forest city project has been caught in a difficult situation, with Malaysian politics swirling outside and homeowners withdrawing from their homes inside.
Currently, BGI's survival is precious. But it has yet to find the "code" to unlock its future.
China's top ten real estate rankings
China's top ten real estate rankings are as follows:
1, Evergrande Group
The top ten real estate developers, the primary development of people's livelihood housing, culture and tourism, health and sports construction, and enjoys the reputation of "people's livelihood real estate" in the industry. With China's special qualification of construction engineering companies, first-class qualification of real estate development companies and property management companies.
2, Vanke Enterprises Co., Ltd
Vanke Enterprises Co., Ltd was founded in 1984, and now its main business includes real estate development and property services. The company has also entered five overseas cities, including Hong Kong, Singapore, San Francisco, New York and London, and participated in dozens of real estate development projects. In order to supply more customers with quality living services, the company's property services cover 64 large and medium-sized cities in mainland China.
3, Dalian Wanda Group Co.
Wanda Group was founded in 1988, opened 123 Wanda Plazas, 78 hotels, 6,600 movie screens in the country, is a first-class international multinational enterprise.
4, Oasis Holdings Group Limited
Shanghai State-owned Property Supervision and Administration Commission supervised by the mega mixed ownership enterprises, headquartered in Shanghai, China. Ranked 258th in the 2015 Fortune 500 International Enterprises.
5, Poly Real Estate Company Limited
National level real estate development qualification enterprise, business broadened to real estate development, construction design, engineering construction, property management, sales agency and commercial conference, hotel operation and other related industries.
6, China Overseas Development Limited
National real estate brand, the company was founded in 1979 in Hong Kong, is a real estate development and sale of listed companies, is China's largest construction joint venture China Construction Engineering Corporation in Hong Kong's holding subsidiary.
7, BGI Holdings Limited
Established in 1992, is a real estate as the main business, including construction, renovation, property development, property management, hotel development and other famous generalized real estate development enterprises.
8, China Resources Land Limited
China's mainland is one of the most powerful generalized real estate developers, the main business of real estate development, commercial real estate development and operation, property services and so on.
9, Longfor Real Estate Company Limited
Top ten brands of real estate, real estate, is an early developer of shopping centers in China, up to now, the group has more than 14,000 employees, its scale of operation and generalization of the strength of China's real estate industry occupies a leading position.
10, Guangzhou R&F Real Estate Co., Ltd
Established in 1994, is China's stronger integrated strength of the real estate enterprises, with the Ministry of Construction issued by the first-class development qualification, Class A design qualification, Class A engineering supervision qualification, Class A property management qualification and the first-class real estate agency qualification.