21 January 2019

Sales of 50 top developers hit 2.14 trn yuan in 2013, paper says

China’s top 50 property developers saw their sales reach a combined 2.14 trillion yuan (US$352.22 billion) in 2013, with seven of them reaping more than 100 billion yuan and 21 over 50 billion yuan, the Economic Information Daily reported Monday, citing data from Shanghai CRIC Information Technology Co. Ltd. China Vanke Co. Ltd. (000002.CN) topped the list with sales of 174.06 billion yuan, followed by Country Garden Holdings Co. Ltd. (02007.HK) at 109.73 billion yuan. Sales of the top 10 developers accounted for 13.27 percent of the total, up 0.51 point from a year earlier, the report said.

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