CRIC Research: Top 20 Construction Management Companies Achieve 31% YoY Growth in New Project Scale in First Three Quarters

Stock News
10/13

On October 13, CRIC Research released the ranking of Chinese real estate companies' construction management businesses for the first three quarters of 2025. The top 20 companies by new project scale recorded a total contracted construction area of 157.71 million square meters, representing a robust 31% year-over-year increase.

The distribution across different tiers shows significant expansion, with 6 companies now exceeding 10 million square meters in new annual construction management scale, compared to just 1 company in the same period last year. This demonstrates the strong expansion appetite among leading construction management companies since 2025, with expansion scales showing notable improvement.

GREENTOWN MGMT leads the pack with over 27 million square meters in new project scale for the first three quarters, approximately double that of the second-place company. Other companies surpassing the 10 million square meter threshold include Xuhui Construction Management, Rundi Management, Bluetown Group, Longfor Dragon Smart Manufacturing, and Gemdale Management, highlighting the pronounced leading effect.

Meanwhile, internal differentiation has emerged within the top 20 companies. Besides the 6 companies exceeding 10 million square meters, 11 companies concentrated their new project scales between 3-8 million square meters, while only 1 and 2 companies fell within the 2-3 million and below 2 million square meter ranges, respectively.

For the first three quarters of 2025, the top 5 construction management companies maintained a high concentration ratio of 49%, continuing the industry's high concentration trend with leading companies firmly holding market share, making breakthrough difficult for other players. Specifically, the top 1-5 companies accounted for 49% of new construction area, maintaining parity with the first half of the year. The 6th-10th companies held 24% (down 1.5 percentage points from the first half), while companies ranked 11-15 and 16-20 accounted for 17% and 10% respectively. The proportion across all tiers showed minimal changes compared to the end of the first half of 2025.

More than half of construction management companies maintained year-over-year growth in new project areas during the first three quarters, continuing the growth recovery momentum since 2025. Particularly noteworthy, almost all top 10 companies achieved positive growth with leading growth rates. Rundi Management, Longfor Dragon Smart Manufacturing, and SINO-OCEAN GP recorded growth exceeding 80%.

Compared to the same period last year, 5 construction management companies already surpassed their full-year 2024 new project areas in just the first three quarters, demonstrating rapid growth momentum. These companies are Rundi Management, Longfor Dragon Smart Manufacturing, Gemdale Management, Sinocean Construction Management, and Jiuzhu Co-construction. Among them, Sinocean Construction Management has shown remarkable growth momentum over the past two years, with new construction management project area reaching 71.53 million square meters in the third quarter of 2025, a 124% year-over-year increase and 27% higher than the full year 2024.

In terms of city selection, nearly 80% of projects came from first and second-tier cities, ensuring both risk resistance capabilities and construction management profit margins while maintaining high-speed development.

In the third quarter of 2025, construction management companies continued multi-channel promotion through traditional media, industry media, corporate websites, and official social media accounts, forming a comprehensive communication matrix to enhance brand awareness and market attention. Leading construction management companies such as GREENTOWN MGMT, Xuhui Construction Management, Bluetown Group, Gemdale Management, and Rundi Management performed outstandingly in brand communication, maintaining leading brand influence.

During the third quarter, companies primarily showcased brand value and enhanced brand influence through project delivery showcases, project acquisition announcements, standard releases, and home-buying festival interactions. As the construction management industry transitions from price competition to value competition, companies are moving toward comprehensive capability enhancement combined with differentiated development. This represents the gradual formation of industry and corporate maturity and standardization standards, becoming the main content for corporate brand releases in the third quarter.

The industry's first systematically compiled "Comprehensive Capability Evaluation Standard for Construction Management Companies" was released, edited by GREENTOWN MGMT with participation from 12 companies including China Architecture Design & Research Group, CRIC Group, Gemdale Management, Bluetown Group, China Railway Construction, Rundi Management, Zhongyuan Construction, and Xuhui Construction Management. This officially fills the gap in evaluation standards for construction management companies, marking the industry's entry into a new stage of standardized and systematic development.

Gemdale Management released the "Client Service White Paper" version 2.0, with upgraded content including: addition of compliance management and service guarantee sections; integration of achievements from six professional sectors - engineering, marketing, customer service, positioning, design, and cost - enabling clients to quickly understand the value points and key aspects of each specialty.

Longfor Dragon Manufacturing's subsidiary Qianding Technology, in collaboration with Tsinghua University, released the "Real Estate Digital Intelligence Transformation White Paper." The white paper addresses current industry transformation challenges, corporate digital capability building, digital intelligence applications, and future technology iteration directions, providing practical implementation solutions.

Additionally, seasonal brand marketing activities with distinctive characteristics were also key focus areas for construction management companies to enhance brand presence and support sales. For example, celebrating its 20th anniversary, GREENTOWN MGMT launched the "Greentown Construction Management 20 Years · National 100 Cities 100 Projects Assured Home-buying Festival." The event kicked off with a group live broadcast special, showcasing Greentown's 20-year quality journey and innovation through in-depth explanations by fan ambassadors, multi-project live connections, and major benefit releases. The live broadcast achieved impressive results with over 130,000 viewers, 43,000 interactions, and more than 140,000 likes.

Tengyun Construction Technology's "Golden September Tengyun Harvest Plan" covered 11 cities and over 1,000 housing units, helping achieve over 100% performance targets during the National Day holiday period.

While enhancing external presence, companies also strengthened internal comprehensive capabilities. Internally, companies continued to respond to the "good housing" trend through activities focused on systematic product development, standardized capabilities, and professional talent development, gaining considerable industry attention. For example, Xuhui Construction Management's 2025 Design War Training Camp focused on management consensus building, professional capability empowerment, and integrated promotion of expansion, research, and sales. Gemdale Management launched the "Zhishan Academy" training program with its first course "Fourth-Generation Residential Product Capability Research and Practice." Blue-Green Twin Cities conducted its first training, assessment, and case presentation for the "Co-construction Operation Guidelines."

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