Top 10 Real Estate Firms in the World in 2021 by Revenue
Greenland Holdings Corp Ltd, Country Garden Holdings Co Ltd, Brookfield Asset Management Inc, China Vanke Co Ltd, and Poly Development Holding Group Co Ltd are the top 5 real estate firms in the world in 2021 by revenue. Cumulatively, the top 10 real estate firms in the world generated revenue of $514,785 million, with average revenue growth of 18.04%, where the highest revenue was generated by Greenland Holdings Corp Ltd ($84,460 million), followed by Country Garden Holdings Co Ltd ($81,096 million), while the lowest increases were registered by Seazen Group Ltd ($26,285 million). The highest revenue growth was registered by China Overseas Land & Investment Ltd (30.4%), followed by Longfor Group Holdings Ltd (21.0%), while China Vanke Co Ltd registered the lowest revenue growth of 8.0%. In terms of the geographical split, 8 out of the world's top 10 real estate firms are based in Asia, while 2 are based in North America. They employed a total of 798,392 people in 2021. China-based Greenland Holdings Corp Ltd is the major real estate firm in the world (by revenue). The company reported revenues of $84,460 million for the fiscal year ended December 2021 (FY2021), an increase of 19.5% over FY2020. The company is a construction company, which offers real estate, building construction, and commercial operations. Its business portfolio includes real estate, commercial and hotel operations, finance industry, metro investments, energy services, and construction. Greenland Holdings has over 20,000 various types of guest rooms, which has a presence across 20 provinces and 70 cities. Currently, the company operates 23 ultra-high-rise buildings completed or under construction projects. The company employs 79,999 people. Country Garden Holdings Co Ltd is one of the leading companies in real estate firms in the world (by revenue). The company reported revenues of $81,096 million for the fiscal year ended December 2021 (FY2021), an increase of 13.0% over FY2020. The company is a construction company that carries out property development, fitting and decoration, construction, property management, and hotel operations. Its real estate projects comprise townhouses, car parks, and retail shops. It operates a total of 2,958 projects, covering 1,350 counties/towns, 289 cities, and 31 provinces in China, and employs 100,705 people.