Evergrande is in the Leading Position According to the Sales Ranking of Chinese Real Estate Enterprises in the First Half Year, Released by China Real Estate Association, due to its High Sales Growth

BEIJING, July 1, 2011 /PRNewswire-Asia/ -- Despite the frequent macro-controls, purchase restrictions and the serious wait-and-see atmosphere, the Chinese benchmark real estate enterprises have still proved the inertial logic of "not only risk, but also opportunity" under the macro-control policies by virtue of data. An original report from Sina Leju follows:

On July 1, 2011, China Real Estate Information Group and China Real Estate Assessment Center jointly released the TOP 30 on the Sales Ranking of Chinese Real Estate Enterprises in the First Half Year of 2011. According to the ranking, in the first half year of 2011, Evergrande (3333.HK) ranked the first place in the sales area which was 6.2 million square meters, still in the leading position among the Chinese real estate enterprises, and ranked the second place in the sales amount which was 42.9 billion yuan, second only to Vanke.

The external world has learnt about the sales data of Chinese real estate enterprises in the first half year of 2011 from this ranking in advance. Evergrande has especially outstanding performance on this ranking: it has not only achieved the semi-year sales amount of 42.9 billion yuan, with an increase of 103% on a year-on-year basis, but also almost equalized the full-year sales amount of 50 billion yuan last year; in addition, the sales area has been over 6 million square meters, up to 6.20 million square meters, ranking the first place, with an increase of 86.75% on a year-on-year basis, which is a magnitude growth again, enabling the Group to become a company with the highest sales area growth rate among the Mainland real estate enterprises listed in Hong Kong.

Evergrande, as a new force suddenly rising in 2009 when it ranked the first place in the sales area in the third quarter for the first time and completed a perfect corner overtaking, has been keeping step with Vanke. From 2010 up to now, Evergrande has been ranking the first place in the sales area, and ranking the second place in the sales amount. Correspondingly, Vanke has been ranking the first place in the sales amount, and ranking the second place in the sales area. Based on the evaluation of the external world, the striving for supremacy between Evergrande and Vanke has become a unique and inherent phenomenon in the competition of large-scale enterprises in the real estate market of China in recent years. Such phenomenon has lasted for two years steadily up to now. The pattern of striving for supremacy between Evergrande and Vanke has been formed, and other real estate enterprises have been gapped away from Evergrande and Vanke. It can be estimated that the contest between Evergrande and Vanke will become the main melody of the competition of Chinese real estate enterprises in the future few years.

It is reported that Evergrande has achieved the growth of sales performance on a month-on-month and year-on-year basis since February this year, and the sales amount of the first five months has approached the semi-year target of 35 billion yuan. According to the data provided by CRIC Report Institute, Evergrande has completed 61% of the full-year target by virtue of the accumulative sales amount in the first half year of 2011, so there is no suspense that Evergrande will complete the annual target of 70 billion yuan smoothly in advance. Entering the 100-billion club might become the new annual target of Evergrande.

SOURCE Sina Leju

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