New World China Land ("NWCL") was awarded the "2006 Leading Company Brand in China Real Estate" last Saturday in Beijing by "China Real Estate Top10 Research Team". NWCL was also at top of the list of the "Top 10 Valuable Foreign Developers" category.
NWCL has improved markedly from last year's brand value of RMB 1.9 billion to 3.1 billion, a sharp rise exceeding 60%.
Over the past year, NWCL has moved swiftly towards other first and second tier cities such as Beijing, Chengdu, Changsha, Guiyang and Haikou to order to maintain its national presence and leading position. These newly acquired sites have a total GFA of about 8 million sq.m. thus bringing the total land reserve of the company to over 20 million sq.m.
"China Real Estate Top10 Research Team" is a research committee comprising Development Research Center of the State Council, Real Estate Research Institute of Tsinghua University, and China Index Academy.