Middle Finger Research Institute: In March, the Top 50 companies added about 52.03 million square meters of new contract area. The scale of leading companies continues to expand.

In English In March 2025, the China Index Research Institute issued a document stating that the top 50 enterprises added approximately 52.03 million square meters of new contract area, with the scale of top enterprises continuing to expand; the average new contract area is 1.04 million square meters. Among them, Shenzhen Golden Property Management Co., Ltd., China Merchants Ju-Yu Industrial Operation Service Co., Ltd., and New Hope Liuhe Property Service Group Co., Ltd. have rapidly expanded their scale, with new contract areas exceeding 3 million square meters. Analysis of third-party market expansion of property service enterprises in March 2025 In March 2025, the third-party market expansion area of the top 50 property service enterprises totaled 36.85 million square meters, with an average of 740,000 square meters. The top two enterprises are Shenzhen Golden Property Management Co., Ltd. and China Merchants Ju-Yu Industrial Operation Service Co., Ltd., with third-party market expansion areas of 5.96 million square meters and 2.62 million square meters, respectively. In terms of hierarchy, the average third-party market expansion area for the top 10 enterprises is 2.32 million square meters, and for the top 11 to top 30 enterprises, the average is 540,000 square meters. Analysis of contracted area of property service enterprises undertaking related parties in March 2025 With the steady progress of the "guaranteed completion of building" work in China, the effects are showing. The sales area of related parties of property service enterprises generally translates into the contracted area of the property service enterprise, thereby forming endogenous scale increments. Based on the analysis of the sales area of commodity housing newly undertaken by property service enterprises from related development companies in March 2025, China Index Property Research analyzed the situation of property service enterprises undertaking related party areas. In March 2025, the top 50 enterprises undertook a total of approximately 15.43 million square meters of related party area. Among them, the average newly undertaken related party area of the top 50 enterprises reached 310,000 square meters, and the threshold value for the top 10 enterprises' convertible area was 480,000 square meters. Undertaking projects from sister companies is an important means for property management companies to expand their scale. In March 2025, top enterprises such as POLY PPT SER Service Co., Ltd., CHINA RES MIXC Co., Ltd., and ONEWO Space Technology Service Co., Ltd., with the support of their parent companies and related parties, will add over 1 million square meters of managed area. With the development of related real estate companies, the stability of the growth of managed area of property service enterprises is effectively guaranteed. Top 10 winners of urban services in March 2025 According to monitoring in March 2025, Shenzhen Golden Property Management Co., Ltd. won the bid for the urban sanitation (property management city) service procurement project of Nantou Street Office, Nanshan District, Shenzhen, with a bid amount of 64.45 million yuan. Guangdong Hongde Technology Property Co., Ltd., Shanghai Fuyi Tianjian Medical Service Industry Co., Ltd., POLY PPT SER Service Co., Ltd., and other companies have made significant achievements in the urban service field.