China Real Estate Market 2025: 100 Billion Yuan Club Shrinks by 76%
New CRIC data shows only 10 Chinese developers hit 100 billion yuan in sales in 2025, down from 43 in 2020. Analyze the latest China real estate market 2025 trends.
The era of unchecked expansion for China's property giants has officially ended. Recent industry data reveals a staggering contraction in the mainland real estate sector, where the number of top-tier developers is now just a fraction of what it was five years ago.
China Real Estate Market 2025: The Great Downsizing
According to a report released Sunday by the China Real Estate Information Corporation (CRIC), only 10 mainland developers achieved annual contracted sales of at least 100 billion yuan($14 billion) in 2025. This is a sharp decline from the peak in 2020, when 43 companies belonged to this elite group.
Jinmao Holdings Stands Alone in Growth
The performance disparity among the top players is stark. Among the top 10 developers, China Jinmao Holdings was the only firm to report year-on-year sales growth. The rest of the industry continues to struggle with high debt loads and weakened buyer confidence, despite various government intervention efforts throughout the past year.
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