Ke Rui Property Management: In March, the top 50 property management companies added approximately 68.03 million square meters of new contract area.

Ke Ruifang property management issued a statement, stating that in March, the TOP50 enterprises added approximately 68.03 million square meters of contract area, with a third-party expansion scale of 62.91 million square meters, and the scale of leading enterprises continued to expand. In March, the expansion intensity of enterprises increased, with a total of 566 projects expanded, a year-on-year increase of 17%. The top three business formats in third-party expansion scale this month are industrial parks, schools, and residential areas, with industrial park projects accounting for 25.8%, school projects accounting for 19.2%, residential projects accounting for 16.9%, and office projects accounting for 15.8%. In terms of urban service projects, Jin Di Intelligent Service single project with a contract amount of 140 million yuan became the champion in terms of contract amount of urban service projects in March. The project, Longgang District Pinghu Street City Butler Environmental Sanitation Service Project, has a service period of 3 years. In March 2025, the TOP50 enterprises added approximately 68.03 million square meters of contract area; the TOP10 enterprises added approximately 44.77 million square meters of contract area, accounting for 65.8%, with CHINA RES MIXC (01209) adding the highest contract area of 10.89 million square meters this month. The competition intensity of top property enterprises' expansion scale slightly increased this month, with the TOP10 threshold up by 11.8% compared to the previous month, reaching 1.71 million square meters. Third-party expansion analysis In February, 50 enterprises added a total of 62.91 million square meters in third-party expansion scale. Only 2 enterprises reached a scale of 5 million square meters in full commission projects, with the TOP 2 expansion scale accounting for 29.6%; there were 4 enterprises with expansion projects between 3 million square meters and 5 million square meters, accounting for 22.8% of the expansion scale; 10 enterprises added expansion projects between 1 million square meters and 3 million square meters, with an expansion scale of 23.9%; the proportion of expansion scale below 1 million square meters was 23.6%. In March, CHINA RES MIXC expanded 56 full commission projects, with a scale of 9.81 million square meters, leading other enterprises and ranking first, followed by SHIMAO SERVICES (00873) ranking second with an expansion scale of 8.82 million square meters, and ES SERVICES (01995) ranking third with an expansion scale of 3.94 million square meters. Diverse layout of business formats, public construction business formats on the rise According to monitoring data, the top three business formats in third-party expansion scale this month...