The 2024 ranking of Chinese real estate development enterprises has been released, with Greentown Management ranking first.

In 2024, Zhongzhi Research released the ranking of Chinese real estate construction enterprises. In 2024, Greentown Management ranked first with a newly contracted planned construction area of 36.49 million square meters, far ahead. Xuhui Construction Management and Blue City Group ranked second and third respectively with newly contracted planned construction areas of 15.88 million square meters and 15.7 million square meters, leading the pack. In 2024, the newly contracted planned construction area by construction projects increased by 7.7% year-on-year, remaining stable compared to the previous 1-9 months, with a steady growth rate. 1. Analysis of Added Scale In 2024, Greentown Management ranked first with a newly contracted planned construction area of 36.49 million square meters, far ahead. Xuhui Construction Management and Blue City Group ranked second and third respectively with newly contracted planned construction areas of 15.88 million square meters and 15.7 million square meters, leading the pack. The top five companies accounted for 42.6% of the newly contracted planned construction area, a decrease of 7.8 percentage points compared to the previous 1-9 months. By analyzing 28 typical construction enterprises (companies listed in the ranking of new construction scale of construction enterprises in 2023 and 2024), the new planned construction area of construction projects in 2024 increased by 7.7% year-on-year, remaining stable compared to the previous 1-9 months. From the perspective of various construction enterprises, they generally show the characteristics of a stable top, and emerging middle. Specifically, the average new contracted planned construction area for the top five companies is 17.83 million square meters, with a year-on-year growth of 3.5%. Top companies find it difficult to maintain rapid growth due to their large scale, resulting in slower growth rates, which is consistent with the inherent characteristics of the service industry's growth rate. The average new contracted planned construction area for companies ranked 6-20 is 6.4 million square meters, with a significant year-on-year growth of 21.9%, the fastest growth among the three camps. Especially for new companies entering the field of construction, they are accelerating project expansion and rapidly growing in scale. The average new contracted planned construction area for companies ranked 21-30 is 1.71 million square meters, with a year-on-year growth of 6.2%. In terms of individual quarters, in the fourth quarter of 2024 (October to December), Greentown Management ranked first with 9.29 million square meters of newly contracted planned construction area for construction projects. Xuhui Construction Management and Jinko Construction Management ranked second and third with newly contracted planned construction areas of 6.36 million square meters and 4.45 million square meters respectively. By analyzing 19 typical construction enterprises (companies listed in the ranking of new construction scale of construction enterprises in 2023 and 2024), the newly contracted planned construction area for construction projects in the fourth quarter of 2024 increased by 14.0% year-on-year. Throughout the year, construction companies in the first three quarters had relatively weak new project expansions, while some companies in the fourth quarter accelerated project expansions to boost performance. In 2024, real estate construction companies actively laid out government construction projects. According to the list, Greentown Management ranked first with a newly contracted planned construction area of 11.45 million square meters. Rundi Management and Xuhui Construction Management ranked second and third, with newly contracted planned construction areas of 10.16 million square meters and 7.3 million square meters for government construction projects respectively. Currently, some companies are actively acquiring government construction projects such as affordable housing, urban village renovation, etc. On the other hand, they are constantly exploring new government construction models. 2. Analysis of Construction Sales Scale In 2024, Greentown Management ranked first with a contract sales volume of 105 billion yuan in construction projects. With years of experience in the construction industry, Greentown Management, as a listed construction company, has prominent brand and marketing capabilities. Blue-Green Twin City and Jindi Management ranked second and third in construction project sales with sales volumes of 23 billion yuan and 17.71 billion yuan respectively. Although the number of enterprises in the sales scale ranking continues to increase, there are still significant differences in scale, which are closely related to the time of entry and the number of sales projects. As construction and sales projects become mainstream commercial construction projects, construction companies will also pay more attention to project sales capabilities and continue to increase their scale. 3. Project Analysis In 2024, the main characteristic projects were primarily commercial construction projects, and construction companies paid more attention to factors such as green and eco-friendly elements in project development. Through unique and thoughtful design, they aimed to create high-quality homes. Specifically: Injecting green, eco-friendly, and technological elements to create high-quality living spaces. Holo Management's Carefree Media Headquarters project adopts a personalized customization strategy in project planning to create a comprehensive space that integrates live broadcasting industry headquarters offices, live-streaming homes, corporate exhibition centers, employee comprehensive support, and commercial auxiliary functions. This space combines high technology, intelligence, green environmental protection, and energy-saving features, providing a simple and comfortable office environment that meets high-end super headquarters standards. New City Construction Management's PINYUEWANLAN project in Wuqing is the first to introduce a three-dimensional forest living area with sky gardens in Wuqing, redefining the fourth generation of residential homes in Wuqing. The project follows the "Pinyin series" six advantages landscape of "quality, sustainability, surprises, atmosphere, charm, and vitality," carefully arranging a holiday resort landscape garden with "one ring, one core, two axes, and seven groups of clusters," connecting seven major life scenarios to enhance the quality of living. Tengyun Zhuke's Tianheyuanzhu project in Guangzhou creates a rare all-suite seven constant climate system technology residential model, considering current residential pain points to create a happy living space through technology. The all-suite seven constant climate system allows the originally cold house to have warmth, awareness of temperature, and "breathing." Unique and thoughtful design concepts reshape the new model of living. CENTRALCHINA MT's Dan Cheng Jianye Mansion is the new generation of zero public space residential homes built by Jianye in Dancheng, featuring south and north flower ponds gifted to each household, gardens on each floor, and courtyards for each household; the project has realized the renewal and reshaping of residential products in Dancheng by "changing the city layout, changing industry trust, changing product innovation." Zhongfang Jiancai's HUAYUSHULILI project in Yinchuan integrates landscape clusters into optimized building layouts, creating a curved and varied axis and housing space. This enables homeowners to return to a paradise in their hearts, away from the mundane world, and live a peaceful and quiet life, enjoying the contemporary pastoral living atmosphere. Blue-Green Twin City's Wenzhou (Cangnan) JiangshiThe design inspiration for Mountain Celestial Mansion comes from the "Thousand-Mile Rivers and Mountains" painting. By deeply exploring and innovatively interpreting the spiritual core of the painting, the project creates the spirit creek and the third map of the high-rise area, as well as the hidden mansion map of the stacked villas, unfolding the aristocratic lifestyle of Mountain Celestial Mansion in the form of ancient paintings. The first phase of the Li Jiashan project in Suichang County, managed and constructed by Guangying Management, focuses on the core theme of "mountain and water reflecting the garden, ideal homes," satisfying people's aspirations for a better life. Guangying Management follows the design philosophy of "people-oriented, environmental priority, overall coordination, rich diversity, and good quality," carefully planning and designing with a modern minimalist style to create a novel and ever-changing modern architectural image. Adhering to the concept of "scientific home building, lean construction," the Jin Di Management is building the South District of the Songshan Lake Science City International Talent Community project, using the Jin Di Management's intelligent construction platform, "four new" applications, integrated construction, and meticulous management to set a benchmark for the region. The Dayouqiu project, managed and constructed by Blue City Group, is located on the banks of Taihu Lake. The project aims to build a "full-time, all-age, all-cycle" and "spiritual care, life maintenance, and living health care" concept, constructing three main functional areas of "cultural and tourism area + health industry park + health resort community" to create a world-class spiritual vacation destination. The Huan Chuang Group Headquarters Building project, managed and constructed by Phoenix Intelligent Development and Construction, focuses on building a comprehensive "industrial office headquarters, talent education institute, star-rated hotel, government facilities, commercial supporting facilities" integrated "production, education, research, business, residence" building, creating new quality productivity and establishing a benchmark for innovative city development.Regional hot properties, selling out as soon as they open. Longfor Longzhizao's joint project in Hefei, Longfor YarunYongqing Song, after a staggering transaction volume of 560 million yuan in November 2023, had to frequently release new units in 2024 to meet the high demand from customers. In the end, Longfor YarunYongqing Song achieved a perfect sales record of approximately 2.2 billion yuan, marking the end of 2024. Greentown Management's joint project, Greentown Wuhan Guihu Yun Cui, located on the first line of South Lake on the Second Ring Road of Wuhan, was jointly created by Changcheng Asset and Greentown Management. It is Wuhan's first demonstration area with more than 20,000 square meters of full-view real scenes. The project introduced Greentown's new generation "borderless curved screen" curved light curtain, covering four layers of lakeside villas, four layers of lake-view ocean houses, and high-rise buildings without boundaries. It opened in December 2024, with nearly 200 units sold that month, generating sales exceeding 600 million yuan, establishing a leading position in the high-end residential market in Wuhan. "Relief projects" and resettlement houses help homeowners achieve their dream of settlement. Kaixuan Yuepin Garden, a project constructed by K