The combined market capitalization of Chinese mainland real estate developers listed on the A-share market shrank by 15% in 2022, hit to a five-year low due to a stalled housing sector.
The 334 mainland-listed developers had a market value of 3.38 trillion yuan ($468.1 billion) at the end of 2022, falling by 610 billion yuan ($84.5 billion) from the year before, according to a report jointly released by E-House China R&D Institute and an institute under the Shanghai Academy of Social Sciences.
The real estate industry struggled amid a sector-wide liquidity crunch last year as some developers faced difficulties in business operation, while firms in the supply chain also had a hard time.
The real estate market has remained soft this year, with most listed developers seeing continued declines in market cap value. Eight mainland developers, including Sichuan Languang Development, have found themselves facing forced delisting this year as their closing share price was below 1 yuan for 20 consecutive trading days. About 10 additional builders are at risk of forced delisting.