In this article, we will be taking a look at the 5 biggest real estate companies in China. To read our detailed analysis of the Chinese real estate market, you can go directly to see the 10 Biggest Real Estate Companies in China.
5. Country Garden
Market Capitalization as of February 16: $9.4 billion
Country Garden is a property-development company based in Guangdong, China. It is owned by the Guoqiang family in China.
In 2020, Country Garden ranked 147th in the Fortune Global 500 list. The company had 187 high-end township developments in China, Malaysia, and Australia as of 2018. Its first international venture was the Country Garden Danga Bay coastal development in Johor Bahru, Iskandar Malaysia, and the sales figure for this development was $1.57 billion.
Another overseas venture in Sydney, Australia, demonstrated the company’s ability to generate strong sales. Risland Australia, with 296 apartments, generated about $169 million when the apartments were first opened for sale.
4. Poly Real Estate
Market Capitalization as of February 16: $27.2 billion
Poly Real Estate is a real estate developer based in Guangzhou, China. It is a subsidiary company of the state-owned China Poly Group.
The company has been developing an international presence for itself since 2015 when it launched Poly Global, a subsidiary company focusing on international developments. Operations under Poly Global began in Australia and then expanded into the US and UK.
As of 2009, Poly Real Estate had land reserves totaling about 23.5 million square meters. The company has over 8,000 employees and generated revenues of $36.5 billion in the financial year 2021.
3. China Overseas Land and Investment Limited
Market Capitalization as of February 16: $28.1 billion
China Overseas Land and Investment Limited is a real estate conglomerate based in Hong Kong. It is an indirect subsidiary of China State Construction Engineering Corporation Limited.
The company operates in four business areas: property development, property investment infrastructure, and other operations such as property management and agency. The company had revenues of $38.12 billion at the close of December 2021.
At the end of 2021, China Overseas Land and Investment Limited had $15.4 billion in readily available cash, which can cover the company’s short-term debt of $6.5 billion. The company’s borrowing cost is also among the lowest in Chinese homebuilding companies, with its weighted-average borrowing cost valued at 3.55% in 2021. This shows the company’s strong financial flexibility.
2. China Vanke
Market Capitalization as of February 16: $28.9 billion
China Vanke, a Chinese residential real estate developer, is based in Shenzhen, China. It develops and sells properties across over 60 mainland Chinese cities.
In 2020, China Vanke ranked 208th in the Fortune Global 500 list. It also ranked 96th in the Forbes Global 2000 list in 2020. The company has over 130,000 employees.
In 2020, China Vanke had revenue of $53.25 billion, and the company’s total assets were valued at $248.4 billion. The company focuses on the most vibrant economic circles and hub cities in Midwest China, and its overseas business has also expanded to the US, UK, and Singapore.
1. China Resources Land
Market Capitalization as of February 16: $33.2 billion
China Resources Land is a residential property management company. It is based in Shenzhen, China.
The company develops and manages residential and investment properties in cities like Beijing, Shanghai, Chengdu, Wuhan, and more. Through subsidiary companies, China Resources Land focuses on property development, investment, management, construction, and decoration. Some of its residential projects include Oak Bay, Phoenix City Phase 3, and The Bund Side.
China Resources Land has over 31,000 employees. Its revenue at the end of December 2021 was $33.38 billion. The company has a gross profit margin of 25.43% as of the fourth quarter.
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