China Index Academy: Willingness of private real estate companies to acquire land increases, providing opportunities for construction agency

According to the Zhitong Finance APP, the China Index Academy released the September construction agency monthly report, which mentioned that since the beginning of this year, local state-owned enterprises have significantly reduced land acquisitions, while private real estate companies have shown an increased willingness to acquire land. From January to September 2025, among the top 100 companies in land acquisition, the proportion of land acquisition amount by private real estate companies accounted for 13.4%, an increase of 5.6 percentage points compared to 2024. Some small and medium-sized private real estate companies, as important clients for construction agencies, have increased their willingness to acquire land, providing new development opportunities for construction companies. At the same time, since the beginning of this year, some construction companies have intervened early in the construction process, collaborating with clients to obtain high-quality land reserves, as construction agency services provide a new expansion method. Figure: Structure of Land Acquisition Amount TOP 100 from January to September 2023-2025 01. Analysis of Typical Construction Agency Companies 1. New Construction Projects Signed by Typical Construction Agency Companies Table: Overview of New Projects Signed by Typical Construction Agency Companies in September 2025 Data Source: Company announcements, CREIS China Index data, comprehensive organization by China Index Academy 2. Summary of Major Events of Typical Construction Agency Companies HOPSON DEV HOLD: Construction sales of 4.236 billion yuan in the first eight months On September 11, HOPSON DEV HOLD disclosed its unaudited operating data for the eight months ending August 31, 2025. As of August 31, 2025, the total contracted sales area of non-self-invested properties managed under the "HOPSON" brand by HOPSON DEV HOLD and its joint ventures and associates was approximately 47,591 square meters, with a contracted sales amount of approximately 4.236 billion yuan. Gemdale Management: New Release of "Client Service White Paper" 2.0 Gemdale Management upgraded its "Client Service White Paper" to version 2.0, continuously iterating and evolving its service capabilities. The "Client Service White Paper" was launched in 2021 and serves as a guidebook focused on client services, presenting construction agency services in a panoramic white paper format. CIFI Construction Management: Delivery of G116 in Nanjing Hexi South CIFI Construction Management, in collaboration with Lingyu International, jointly created the G116 affordable rental community in Nanjing Hexi South, which successfully opened in September, pioneering the participation of domestic insurance funds in the development of long-term rental apartment funds and achieving project implementation. 02. Analysis of Public Market Bidding In September, monitoring of public market real estate construction agency bidding information showed that: in terms of bidding, residential properties accounted for 85%, and office properties accounted for 15%, indicating a concentration of property types in this month's bidding. From the perspective of the publishing region, Zhejiang accounted for 54%, remaining the province with the most bidding information released Figure: Proportion of Property Types and Regional Quantity in September Bidding In terms of winning enterprises, 95% of the projects were won by real estate development companies, with residential properties accounting for as much as 70%. Office properties and school properties accounted for 25% and 5%, respectively. Figure: Proportion of Property Types Won by Construction Enterprises in September