The 2024 China Real Estate Enterprise Delivery Scale Ranking has been released, with 8 enterprises delivering over 100,000 units.

date
14/01/2025
avatar
GMT Eight
On January 14, the Middle Finger Research Institute released the 2024 China Real Estate Enterprise Delivery Scale Ranking. In 2024, 8 enterprises delivered over 100,000 units, and 14 enterprises delivered over 50,000 units. In 2024, the overall real estate market in China continued to show a trend of adjustment, with a significant year-on-year decrease in new home sales in the first three quarters. The second-hand housing market remained active due to "price for volume" transactions, but there was a cooling in the market in September. The Politburo meeting on September 26 proposed to "promote the stabilization of the real estate market", sending a strong signal for stability, with policy objectives focused on reversing the industry's fundamentals and injecting confidence into the market. Since the fourth quarter, both new and second-hand housing transactions have shown a significant rebound, and second-hand housing prices in core cities have stabilized. In December, the Politburo meeting proposed to "stabilize the property market", and the Central Economic Work Conference once again emphasized "continuously pushing for the stabilization of the real estate market", setting a more firm tone for the property market in 2025. Against the backdrop of real estate returning to its residential and livelihood attributes, delivery has become the most important link in the operation chain of real estate enterprises. In terms of enterprise deliveries, some enterprises have achieved early delivery. In March 2024, Country Garden in Jiaozuo, Henan, delivered three months ahead of schedule, delivering upon issuance of the certificate. The Central Sea Cloud Courtyard project was delivered two months ahead of schedule, achieving a complete settlement rate of 96.8%. Poly Developments and Holdings Group adheres to the "one house, five inspections" comprehensive joint inspection mechanism to create a refined delivery guarantee process. Beijing PolyJinshang Phase II was delivered 200 days ahead of schedule. In 2024, Longfor Group delivered over 120 projects in 43 cities across the country, with over 20% of projects delivering early by more than a month. The satisfaction rate of deliveries was 90%. The Longfor Royal Lake products have successively entered the delivery cycle, with the Royal Lake in Songjiang, Shanghai in August and the Royal Lake in Shunyi, Beijing, the Royal Lake in Yixinyi, Chengdu, and the Royal Lake in Quanzhou all completed delivery by the end of the year. Shanghai Dahua Jinxiu Four Seasons Lan Yue was delivered 30 days earlier, and Guangzhou Dahua Cheng Donghan was delivered 60 days earlier, both delivering upon issuance of the certificate. Shanghai Poly Mingyue Chen Guang project was delivered one year ahead of schedule compared to the contract, with a total of 588 units, meeting the delivery conditions of 569 units, achieving a delivery rate of over 90% within half a month of concentrated delivery. Ningxia Zhongfang Xiyue Taiwan project was delivered 33 days ahead of schedule, achieving a "one-stop delivery" of 358 units out of the 380 units that met the delivery conditions, with a one-time delivery rate of up to 94% and a satisfaction rate of 96%. Nanyang Green Capital View project completed two quality deliveries, with the first phase delivered 30 days early and the second phase delivered 180 days early, both delivering upon issuance of the certificate. Kaide Xi Garden project was delivered six months ahead of schedule with a delivery rate of 100%; Kaide Yu Garden project was delivered three months ahead of schedule with a delivery rate of 100%; Kaide Xi Garden project was delivered in three batches in July, August, and September 2024, with some buildings delivered one month early. The Tianjin East Asia Guoyue Huafu project delivered 370 units ahead of schedule, achieving "delivery upon issuance of the certificate" for the first phase.

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