In 2021, more than 94 percent of land acquisitions by major property developers in China happened in tier-2 and lower-tier cities as measured by transferred area. In that year, Country Garden Holdings received over 40 million square meters of land plots from the corresponding local governments, ranking first among all real estate companies in China.
Distribution of land acquired by 50 leading real estate companies in China in 2021, by city tier
Characteristic
Share of land area
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Sina.com.cn. (January 1, 2022). Distribution of land acquired by 50 leading real estate companies in China in 2021, by city tier [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1311512/china-land-acquisition-area-of-property-developers-broken-down-by-city-tier/
Sina.com.cn. "Distribution of land acquired by 50 leading real estate companies in China in 2021, by city tier ." Chart. January 1, 2022. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1311512/china-land-acquisition-area-of-property-developers-broken-down-by-city-tier/
Sina.com.cn. (2022). Distribution of land acquired by 50 leading real estate companies in China in 2021, by city tier . Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1311512/china-land-acquisition-area-of-property-developers-broken-down-by-city-tier/
Sina.com.cn. "Distribution of Land Acquired by 50 Leading Real Estate Companies in China in 2021, by City Tier ." Statista, Statista Inc., 1 Jan 2022, https://www.statista.com/statistics/1311512/china-land-acquisition-area-of-property-developers-broken-down-by-city-tier/
Sina.com.cn, Distribution of land acquired by 50 leading real estate companies in China in 2021, by city tier Statista, https://www.statista.com/statistics/1311512/china-land-acquisition-area-of-property-developers-broken-down-by-city-tier/ (last visited August 24, 2024)
Distribution of land acquired by 50 leading real estate companies in China in 2021, by city tier [Graph], Sina.com.cn, January 1, 2022. [Online]. Available: https://www.statista.com/statistics/1311512/china-land-acquisition-area-of-property-developers-broken-down-by-city-tier/