Average national price per square meter (10.76 square feet) stood at 5,357 yuan ($863). The sale price for office buildings was the highest with 12,327 yuan, followed by buildings for commercial use with 8,488 yuan ($1,367) and residential property with 4,993 yuan ($804). Prices differ from province to province as well as city to city in China. In 2011, Beijing had the most expensive real estate, one square meter cost 16,852 yuan ($2,714), while Shanghai ranked second with 14,603 yuan ($2,352), and Zhejiang province took third place with 9,838 yuan ($1,584). Qinghai province had the least expensive property, selling one square meter for 3,249 yuan ($523).
Residential real estate had the highest level of investment, recording a year-on-year growth of 26 percent to 5.8 trillion yuan ($934 billion). The floor space under construction surged to 5.75 trillion square meters (61.9 trillion square feet), of which 1.47 trillion square meters (15.82 trillion square feet) of floor space started in 2011. The completed floor space totaled 1.97 trillion square meters (21.21 trillion square feet), and the revenue of sold residential property stood at 4.82 trillion yuan ($776 billion).
In 2012, the Chinese real estate company China Vanke was the market leader in terms of sales revenue, generating 141.8 billion yuan ($22.84 billion). Greenland Holding Group ranked second with sales revenue exceeding 107 billion yuan ($17.23 billion). Poly Real Estate Group occupied the third spot with 101.8 billion yuan ($16.39 billion) in sales revenue. In terms of sales area, Evergrand Real Estate topped the ranking, selling 15.36 million square meters (165 million square feet), followed by China Vanke with nearly 13 million square meters (140 million square feet) and Greenland Holding Group with 11.8 million square meters (127 million square feet) (258027).