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Xinhua Finance and Economics, Beijing, April 29 (Xinhua) -- The sales data of mainstream listed real estate companies in March 2024 have been disclosed. After excluding some listed real estate companies with incomplete data disclosure, researchers from Xinhua Finance and Bread Finance took the main listed real estate companies on the three major stock exchanges of Shanghai, Shenzhen and Hong Kong as samples, and counted the top 30 enterprises in terms of sales amount, sales area and average sales price.
Figure 1: Sales volume, sales area and average sales price of the top 30 listed real estate companies from March 2023 to March 2024
The statistical results show that the total sales amount of the top 30 listed real estate companies in March was 240.322 billion yuan, a decrease of 46.77% from the same period in 2023.
The total sales area of the top 30 listed real estate companies in March was 12.1138 million square meters, a decrease of 52.05% compared with the same period in 2023.
The average sales price of the top 30 listed real estate companies in March was 17,219.63 yuan/square meter, a decrease of 12.79% from the same period in 2023.
Sales in March were about 240.3 billion yuan
According to the data, the total sales of the top 30 real estate companies in March were 240.322 billion yuan, a decrease of 46.77% from the same period in 2023 and an increase of 119.82% from February 2024.
Figure 2: Top 30 listed real estate companies by sales in March 2024
In March, the listed real estate companies with sales of more than 20 billion yuan included 5 companies including China Overseas Land & Investment and China Resources Land.
China Overseas Land & Investment ranked first in March, with a contracted value of 41.211 billion yuan, down 4.13% year-on-year, while China Resources Land ranked second, with sales of 30.11 billion yuan, down 22.4% year-on-year.
The sales of 30 real estate companies all showed negative growth in March, of which Country Garden fell the most, reaching 82.81 percent, and the sales of Shoukai Co., Ltd. and Zhongliang Holdings fell by more than 50 percent year-on-year in March.
On March 20, Zhongliang Holdings announced that all the conditions for the restructuring of US dollar debt have been met, and the effective date of the restructuring has been implemented on March 20. According to the previous restructuring plan, Zhongliang Holdings will issue senior notes and convertible bonds to creditors on the effective date of the restructuring.
Sales area in March fell by about 52% year-on-year
In March, the total sales area of the top 30 listed real estate companies was 12,113,800 square meters, a decrease of 52.05% from the same period in 2023 and an increase of 69.8% from February 2024.
Figure 3: Top 30 listed real estate companies by sales area in March 2024
In March, the listed real estate companies with a sales area of more than 1 million square meters included 4 Vanke and Poly Development.
Vanke's sales area in March ranked first, with a contracted area of 1.656 million square meters, down 37.44% year-on-year, while Poly Development ranked second, with a sales area of 1.533 million square meters, down 37.04% year-on-year.
On April 14, Vanke disclosed the record of investor relations activities, stating that it did not refuse to pay the real-name report of the Yantai partner. At the same time, the company said that Vanke did not transfer benefits to executives through the co-investment system.
In March 2024, except for Baolong Real Estate, the sales area increased by 6.26% year-on-year to 237,700 square meters, and the sales area of the remaining 29 real estate companies declined year-on-year. Among them, the sales area of Country Garden and Sunac China fell by more than 70%.
The average sales price in March increased by 17.04% month-on-month
According to the sales amount and sales area, the average sales price of real estate enterprises can be calculated. The average sales price of the top 30 real estate companies in March was 17,219.63 yuan/square meter, a decrease of 12.79% from the same period in 2023 and an increase of 17.04% from February 2024.
Figure 4: Top 30 listed real estate companies with average sales price in March 2024
Among them, the average sales price of China Overseas Land & Investment in March 2023 reached 39,809.7 yuan / square meter, a year-on-year increase of 90.66%, ranking first on the list. Among the remaining real estate companies, the average sales price of more than 20,000 yuan/square meter of enterprises also includes 7 companies such as Greentown China, Yuexiu Real Estate, and Hopson Development Group.
The average sales price of 21 real estate companies in March fell year-on-year. There are 8 real estate companies with a decline of more than 20%, including Hopson Development Group, Sino-Ocean Group, etc.
[Read Financial Report] is a column jointly created by Xinhua Finance and Bread Finance with the interpretation of financial reports of listed companies as the main content. Xinhua Finance is a national financial information platform built by Xinhua News Agency, which comprehensively covers the global stock market, foreign exchange market and bond market, and provides authoritative, professional and comprehensive financial information services.
Editor: Hu Chenxi
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