Investor Presentaiton
Rising Demand for Governmental Project Management
A 中原建业
CENTRAL CHINA MGT
Most land supply went to LGFVs
Nearly 2/3 of the land supply across Henan in 2022 went to LGFVs.
Land Auctioned Across Henan in 2022
•
Traditional developers focus on large cities
Facing the changes in real-estate industry, developers preferred
to acquire land in large cities
LGFVS needs project management services
LGFVS need to revitalize their land reserve, who lack professional
development teams
Category
Land Supply Across Henan in 2022
Areas of Sold Land (in
mu, a unit of area
corresponding to 1/15
hectare)
Percentage
Local Private
Developers
31,317
66.5%
LGFVs
14,584
31.0%
Others
1,127
2.5%
Total land supply
47,121
100%
Notes: 1. Other including private developers across Henan, private developers across China, and SOES.
Data sources: landchina.com, henantudiwang.com, and company data
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