Longfor Properties' development repayment rate exceeds 100%. Management states, "This year, the industry is expected to stabilize after a decline."

China Web Finance, March 27 - Longfor Group today disclosed its performance for 2025. During the reporting period, Longfor Group’s operating revenue was 97.31 billion yuan, with revenue from real estate development at 70.54 billion yuan, and revenue from operational and service businesses at 14.19 billion yuan and 12.58 billion yuan, respectively.

In the real estate development sector, in 2025, Longfor Group’s contracted sales amounted to 63.16 billion yuan, with a collection rate exceeding 100%. Upholding the standards for good housing products, Longfor Group delivered approximately 70,000 housing units across 39 cities nationwide in 2025, with a delivery satisfaction rate exceeding 90%.

In terms of expanding new supply, in 2025, Longfor Group acquired seven plots of land in key cities such as Shanghai, Shenzhen, Suzhou, Chongqing, and Chengdu, adding a total construction area of 377,000 square meters and an equity area of 265,000 square meters. As of December 31, 2025, Longfor Group’s total land reserves had a construction area of 22.35 million square meters and an equity area of 17.32 million square meters.

At the performance press conference held in the afternoon, Longfor Group Chairman and CEO Chen Xuping stated, “Since the second half of 2021, the real estate industry has undergone a deep adjustment lasting five years. During these five years, the extent of the adjustment in the real estate sector has been significant, coupled with continuous policy support aimed at stabilizing the housing market. This year, the overall decline in the market is expected to narrow significantly, and stabilization is anticipated. The recovery in second-hand housing transactions will gradually translate into demand for new home replacements, and the company is actively preparing product reserves.”

Regarding future land acquisition strategies, Longfor Group Executive Director and General Manager of Real Estate Navigation Zhang Xuzhong stated at the performance press conference, “Longfor will continue to strictly adhere to investment scales and disciplines, ensuring that spending is determined by sales. We will maintain a focus on high-tier cities and seize opportunities to acquire new land. At the same time, we will continuously improve our investment precision to select the best among the good.”

(Author: Wang Zhiqiang HF013)

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