According to a recent research report, the top 50 property management service enterprises added approximately 55.62 million square meters in new contracted area during May. The leading firms continued their scale expansion, with the average new contracted area for the group reaching 1.11 million square meters.

Several companies, including Shenzhen Gemdale Property Management Co., Ltd., China Merchants Property Operation & Service Co., Ltd., China Overseas Property Management Co., Ltd., and Greentown Property Services Group Co., Ltd., demonstrated rapid expansion, each securing over 3 million square meters in new contracted area.

The statistics for new contracted area for Chinese property service firms are calculated as the sum of third-party market expansion area, merger and acquisition area, and area from related-party contracts during May. The primary data source is a nationwide monitoring system, excluding some companies in pre-listing quiet periods. This ranking is for reference only, and the research team assumes no liability for any direct or indirect losses arising from the use of this report or its contents. All information should ultimately be verified against official company announcements.

Analysis of Third-Party Market Expansion in May

Statistics for market expansion by Chinese property service firms are based on third-party project wins during May, excluding projects from affiliated companies, non-property-owner value-added service projects, and M&A projects. The primary data source is a nationwide monitoring system of project wins, excluding some companies in pre-listing quiet periods. This ranking is for reference only, and the research team assumes no liability for any direct or indirect losses arising from the use of this report or its contents. All information should ultimately be verified against official company announcements.

In May, the top 50 property service firms secured a total of 49.75 million square meters in third-party market expansion area, with an average of 995,000 square meters. The top two companies in this category were Shenzhen Gemdale Property Management Co., Ltd. and Greentown Property Services Group Co., Ltd., with third-party expansion areas of 3.12 million and 2.68 million square meters, respectively.

Analyzing by tier, the top 10 companies averaged 2.31 million square meters in third-party expansion area, while companies ranked 11th to 30th averaged 980,000 square meters.

Top 5 City Service Project Wins in May

Data on city service project win values for Chinese property service firms is primarily sourced from a nationwide monitoring system of project wins, excluding some companies in pre-listing quiet periods. This ranking is for reference only, and the research team assumes no liability for any direct or indirect losses arising from the use of this report or its contents. All information should ultimately be verified against official company announcements.

In May, Shenzhen Gemdale Property Management Co., Ltd. secured a notably large project, winning a one-year property city service procurement contract for the Taoyuan Sub-district Office in Nanshan District, Shenzhen, with a contract value of 103 million yuan. Other companies, including Shenye Property Operation Group Co., Ltd., Poly Property Services Co., Ltd., China Overseas Property Management Co., Ltd., and Hongying City Operation Service Group Co., Ltd., also achieved success in the city service sector.