Country Garden : 25 Chinese Realty Firms Pay CNY559.9bn for Land Purchases

SHANGHAI, May 15, SinoCast -- Data shows that top 25 Chinese real estate companies by land purchase paid more than CNY 559.91 billion for land purchases by May 10, soaring 100% year on year. Up to 21 of the 25 paid over CNY 10 billion for land purchases.

Country Garden spent CNY 58.24 billion on purchases of 109 land lots. Poly Real Estate and Evergrande paid over CNY 40 billion, and Vanke paid CNY 33.9 billion.

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