(Yicai) Feb. 12 -- The new wave of management reshuffles and organizational reorganizations at Chinese real estate enterprises that began last year has continued into this year, as the sector experiences structural adjustments.

Twelve property firms have unveiled senior executive changes since the beginning of last month, including retirements and voluntary resignations. For example, Joy City Property announced on Feb. 9 that Director Chen Lang resigned after reaching the retirement age, and RiseSun Real Estate said on Feb. 6 that Director, Vice President, and Board Secretary Wu Xiaofeng stepped down for personal reasons.

Six large real estate companies have launched new rounds of organizational adjustments since the beginning of 2026. Among them, Poly Development and Holdings Group, China Overseas Property Holdings, Huafa Properties, and C&D Real Estate Group initiated their second restructuring since last year, while Longfor Group started its third.

China Overseas Property disbanded its four regional subsidiaries -- East China, South China, North China, and Central and West China -- shifting from its original three-tier management model of ‘head office - regional company - city company’ to a two-tier model of ‘head office - city or region.’

Property developers of different ownership types, sizes, and fundamentals have all experienced high-level changes, mainly because their sales performance remains under pressure, and they need to find ways to return to profitability after consecutive years of losses, Liu Shui, director of corporate research at the China Index Academy, told Yicai.

As the real estate industry’s business model shifts from large-scale development to refined operations and asset-light models, corporate strategies and business adjustments require new leaders, Liu explained.

In the industry’s new development cycle, corporate managers need to reshape their capabilities, and their work models should shift from the pursuit of land dividends, scale expansion, and high leverage with high turnover to grasping economic cycles and long-term trends, focusing on financial security, and building a robust financial system, Liu noted.

Moreover, they need to improve refined management and control over products and services, commit to enhancing operational efficiency and cost control, and sharpen their ability to judge market demand to ensure that land investment accurately matches needs, Liu added.

Editors: Tang Shihua, Futura Costaglione