Kerrey Real Estate: The real estate market will continue to bottom out in 2025, and a total of 10 real estate companies will sell more than 100 billion dollars

The Zhitong Finance App learned that in 2025, the overall performance of housing enterprises continued to bottom out, and the performance of some companies picked up sharply. Among typical housing enterprises, the proportion of companies with a year-on-year increase in cumulative performance was 24%, of which the number of companies with a year-on-year increase of more than 30% accounted for 12. Overall, since buyers' confidence and expectations are still being repaired, housing enterprises need to actively practice their internal skills and enhance their product capabilities.

The market continues to bottom out. There are 10 100 billion housing enterprises throughout the year

The real estate market continued to bottom out in 2025, and overall sales of housing enterprises remained low. Judging from the full-caliber sales situation of typical housing enterprises, there are 10 enterprises with annual sales exceeding 100 billion yuan, 13 enterprises with a sales scale of 30 to 100 billion yuan, 42 enterprises with 10-30 billion yuan, and 35 enterprises under 10 billion yuan.

The performance of 224 companies increased year-on-year, and the performance of some companies picked up sharply

Judging from the specific performance of enterprises, there were 24 companies with a year-on-year increase in cumulative performance among typical housing enterprises in 2025. Among them, the number of companies with a year-on-year increase of more than 30% was 12, including Bontai Group, China Construction Dongfu, and Nengjianchengfa, etc., and the performance of some companies picked up sharply. Among them, Bontai Group's performance exceeded 30 billion yuan for the first time this year, a sharp increase of 79.7% over the previous year.

Looking at the companies with performance growth among the 10 housing enterprises of all levels, there was only 1 China Jinmao; of the 13 companies with annual sales volume exceeding 100 billion yuan, there were 3 performance growth companies, namely Greenland Holdings, China Construction Dongfu, and Bangtai Group; 12 of the 42 companies with 10-30 billion dollars had performance growth, which is also the highest share of companies with performance growth; 8 out of 35 companies with annual sales volume of 10 billion yuan or less.

The overall performance of central state-owned enterprises was relatively good, with 42% increase in the performance of central state-owned enterprises

Judging from the nature and classification of typical housing enterprises at various levels, there is only 1 private housing enterprise among housing enterprises with annual sales exceeding 100 billion yuan; the lower the rank, the higher the proportion of private housing enterprises. In a context where the market is bottoming out and the liquidity of most housing enterprises is still under pressure, capital is more inclined to invest in relatively stable central enterprises and large housing enterprises.