In "Inner Housing," the China Index Academy reports: The total sales of the top 100 real estate companies in the first ten months fell by 16.3% year-on-year

The China Index Academy has released the latest data showing that in the first ten months of this year, the total sales of the top 100 real estate companies amounted to nearly 2.9 trillion yuan (the same below), a year-on-year decrease of 16.3%, with the decline widening compared to the first nine months.

The data shows that Poly Development (600048.SH), Greentown China (03900.HK), and China Overseas (00688.HK) ranked as the top three in sales. Among them, Poly Development topped the list with a sales amount of 222.7 billion yuan in the first ten months. After the "926" new policy last year, the real estate market's expectations and buyer confidence have somewhat recovered under the "package" policy promotion, leading to a significant increase in market activity in core cities last October. The high base from last year has resulted in an expanded decline in the first ten months of this year. In October alone, the total sales of the top 100 real estate companies increased by 3.7% month-on-month.

According to CRIC data, in October, the top 100 real estate companies achieved a sales turnover of 253 billion yuan, a month-on-month increase of 0.1% but a year-on-year decrease of 41.9%. In the first ten months of this year, the top 100 real estate companies cumulatively achieved a sales turnover of 2.58 trillion yuan, a year-on-year decrease of 16%, with the decline widening by 4.2 percentage points compared to the first nine months, marking the lowest level since 2019