Published: 15:05, April 4, 2022 | Updated: 15:20, April 4, 2022
China's top property developers see stable sales in 2021
By Xinhua

In this undated photo, a real estate project is seen under construction in Haian, Jiangsu province. (XU JINGBAI/FOR CHINA DAILY)

BEIJING - China's top real estate developers saw stable sales last year, an industrial report showed.

In 2021, the total sales volume of the top 100 real estate developers reached 9.08 trillion yuan (about $1.43 trillion), up 3.9 percent year-on-year, said the report by the China Index Academy, a property research institution.

The report also showed that the average sales revenue of real estate companies came in at 49.86 billion yuan, an increase of 19.3 percent, while their average net profit edged up 0.4 percent to 5.62 billion yuan last year.

READ MORE: Commercial real estate investments soar in 2021

The top 100 developers accounted for 49.9 percent of the market share last year, according to the report.