Institutions | Top 100 companies in January-February acquire a total of 95.04 billion yuan, down 52.4% year-on-year

According to data from the China Index Academy, in January-February 2026, the total land acquisition amount for the top 100 companies was 95.04 billion yuan, a year-on-year decrease of 52.4%, with the decline roughly the same as the previous month. Due to the Spring Festival holiday, land supply in February was reduced, and the high base from the previous year meant that the scale of land acquisition by real estate companies did not show significant improvement year-on-year.

In terms of land premium rates, the average premium rate for residential land in 300 cities nationwide in February was 11%, a significant increase. High-quality land parcels in core cities attracted strong interest. On February 25, the first phase of the Guangzhou Racecourse land was auctioned after 9 hours and 243 rounds of bidding, with Yuexiu acquiring it for 23.604 billion yuan, a premium rate of 26.6%, setting a new record for residential land price per square meter in Guangzhou. On February 10, a land parcel in the Niushaxi area of Jinjiang District, Chengdu, was also sold with a premium rate of 23.03%.

Regarding land acquisition companies, central state-owned enterprises (SOEs) remain the main players, with large and medium-sized SOEs such as Yuexiu Property, China Railway Group, China World Trade Center, and China Resources Land ranking among the top in land acquisition amounts.

In terms of real estate sales performance, in January-February 2026, nearly 20% of the top 100 real estate companies by sales achieved year-on-year growth. Companies like China State Construction Engineering and Xingyao Real Estate saw growth rates exceeding 100%.

Among the top 100 companies by sales, there are 52 central and local state-owned enterprises, and 43 private real estate companies, showing an increase in the number of private firms compared to the full year of 2025.