According to a report from China Index Academy, from January to April 2026, the total land acquisition amount of the top 100 enterprises reached 192.31 billion yuan, a year-on-year decrease of 46.7%. However, the rate of decline narrowed by 2.7 percentage points compared to the previous month. In April, land auctions were conducted successively in Beijing, Shanghai, Shenzhen, and Hangzhou, with multiple plots fetching high premiums. In terms of acquiring enterprises, central and state-owned enterprises remained the main force. Large central and state-owned enterprises such as YUEXIU PROPERTY (00123), CHINA RES LAND (01109), Poly Developments And Holdings Group Co.,Ltd. (600048), CHINA JINMAO (00817), China Merchants Shekou Industrial Zone Holdings Co.,Ltd. (001979), China Overseas Land & Investment, and C&D Real Estate ranked at the top in terms of land acquisition amounts.
From the perspective of newly added land value, YUEXIU PROPERTY, CHINA RES LAND, and Poly Developments And Holdings Group Co.,Ltd. ranked in the top three. From January to April 2026, YUEXIU PROPERTY led with 81.9 billion yuan in newly added land value; CHINA RES LAND followed with 52 billion yuan, ranking second; Poly Developments And Holdings Group Co.,Ltd. came third with 26.9 billion yuan. During the same period, the total newly added land value of the top 10 enterprises amounted to 255.66 billion yuan, accounting for 40.9% of the top 100 enterprises, with the threshold for newly added land value being 2.6 billion yuan.
The pace of land supply and the scale of transactions generally slowed compared to the same period last year. In terms of the number of private enterprises acquiring land, after active replenishment last year, both the scale and participation of private enterprises declined. From January to April 2026, only one private enterprise, Binjiang Group, was among the top 10; there were no private enterprises in the top 11-20, compared to one in the same period last year; only two private enterprises were in the top 21-30, down from three last year. In terms of acquisition scale, land acquisition by real estate enterprises generally declined in the first four months of 2026, and private enterprises were no exception. The total land acquisition amount of private enterprises in the top 30 was about 38 billion yuan from January to April 2025, but it sharply decreased to only 6.7 billion yuan in the same period of 2026. Regarding the cities where private enterprises acquired land, they mainly focused on Hangzhou, Kunming, Chongqing, Rizhao, and other cities, with private enterprises generally concentrating on deepening their presence in advantageous cities.
In terms of land acquisition amounts by major city clusters, the Yangtze River Delta and the Guangdong-Hong Kong-Macao Greater Bay Area led in activity. From January to April 2026, the top 10 enterprises in the Yangtze River Delta ranked first in land acquisition amount among the four major city clusters, with Poly Developments And Holdings Group Co.,Ltd. leading with 10.7 billion yuan. Leading enterprises such as China Merchants Shekou Industrial Zone Holdings Co.,Ltd., CHINA RES LAND, and Greentown China actively expanded their layouts, indicating high market activity. The total land acquisition in the Guangdong-Hong Kong-Macao Greater Bay Area followed, showing a pattern of "standing out prominently." YUEXIU PROPERTY took the lead with a substantial acquisition of 23.6 billion yuan, driving the regional total. Leading enterprises such as CHINA JINMAO, CHINA RES LAND, and Poly Developments And Holdings Group Co.,Ltd. also actively participated in auctions. Due to land auctions in Beijing this month, the total land acquisition amount in the Beijing-Tianjin-Hebei region increased significantly, with central enterprises leading in acquisition amounts.
Looking at the top 10 real estate enterprises by land acquisition amount in key cities, leading developers focused on acquiring land in multiple core cities, while private enterprises and local state-owned assets only expanded their reserves in cities where they have a deep presence. As a first-tier city, Shanghai has strong appeal for leading enterprises. Companies such as Poly Developments And Holdings Group Co.,Ltd., China Merchants Shekou Industrial Zone Holdings Co.,Ltd., and YUEXIU PROPERTY密集布局, highlighting the scarcity of land value. Leading enterprises concentrated on core cities: Poly Developments And Holdings Group Co.,Ltd. ranked first in land acquisition amount in Shanghai and Hangzhou; CHINA RES LAND led in Beijing and Chengdu; CHINA JINMAO ranked in the top three in Guangzhou, Beijing, Nanjing, and other cities. Private enterprises such as Binjiang Group, Agile Group, and Shanghai Zidu Real Estate focused on deepening their presence in specific regions, seizing opportunities to expand reserves, and entered the top lists in cities like Hangzhou, Guangzhou, and Shanghai.
Comments