China’s top real estate developers continue to shrink, according to industry data.
The number of mainland property developers achieving annual contracted sales of at least 100 billion yuan (US$14 billion) dropped to just 10 in 2025 from a peak of 43 in 2020, research firm China Real Estate Information Corporation (CRIC) said in a report on Sunday.
Among the top 10 developers, only one, China Jinmao Holdings, reported year-on-year growth in sales, according to CRIC.
The ranks of developers in the…
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