
In the first half of the year, only 4 real estate companies with a market value of over 100 billion remain. Policy support is expected to continue to strengthen, and the real estate market in July may continue to show a weak recovery trend
At the end of June, the real estate market presented its "mid-year exam" results. According to the China Index Academy's monitoring, from January to June this year, there were 4 real estate companies with total sales exceeding 100 billion yuan, a decrease of 2 compared to the same period last year, while there were 46 companies with sales exceeding 10 billion yuan, an increase of 2 compared to last year; in terms of land acquisition and expansion, the top 100 companies had a total land acquisition amount of 506.55 billion yuan, a year-on-year increase of 33.3%. Liu Shui, the director of enterprise research at the China Index Academy, analyzed that from the market performance perspective, both new and second-hand housing sales in key cities increased month-on-month in June, but still showed a decline year-on-year. From the market trend perspective, the real estate market is still in a phase of volatile adjustment, and it is expected that the differentiated market conditions among cities will continue in the second half of the year. Meanwhile, there are structural opportunities in "good cities + good houses," but for the market to fully stabilize and stop declining, further policy support is still needed. Regarding the market in the second half of the year, some real estate companies have also expressed positive statements. A representative from LONGFOR GROUP stated to reporters that in the second half of the year, while ensuring the safety of debt repayment, LONGFOR will seize opportunities to acquire new land and ensure flexible supply based on market changes, continuously focusing on high-tier cities to achieve "selecting the best among the best."
