Briefly

Top developers' market share up slightly

China's top 100 property developers' market share rose 0.4 percentage point to 46.2 percent last year, playing the role of market stabilizers, according to research by the China Index Academy. Their sales value hit 5,389.6 billion yuan ($746 billion) in 2023, down 5.8 percent year-on-year. A total of 261.3 million square meters of floor space were sold last year, down 7.4 percent on a yearly basis, due to the sluggish market.

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