Real estate sector to see steady expansion

China's real estate market is expected to grow at a steady pace after the high-speed development of recent years, according to industry data.

China Real Estate Information Corp (CRIC), an online industrial information provider, said 10 Chinese mainland real estate companies' sales exceeded 200 billion yuan ($29.8 billion) in 2018, with Country Garden, a Hong Konglisted property developer, topping the list at 728.7 billion yuan, while Vanke and Evergrande Group, also a Hong Kong-listed company, followed with 607 billion yuan and 551.1 billion yuan respectively.

The report pointed out that 30 companies had achieved annual revenue of 100 billion yuan, and the total sales of the top 100 real estate developers grew by 35 percent year-on-year.