The Ministry of Land and Resources will prevent some companies from acquiring more land in future auctions after several of their sites went undeveloped.
The ministry highlighted 26 undeveloped sites on the mainland, alongside the firms and parent companies that own them.
One of the companies on the list was China Petroleum & Chemical Corp (Sinopec), which holds three residential sites in Beijing, with an area of 26.86 hectares. The ministry said building work on the sites should have begun in September 2004.
Five plots in Shanghai were also identified, as well as five in Beijing, two in Jiangsu and others spread around Changsha in Hunan and Wuxi in Wuhan.
Construction work on the Shanghai sites should have begun between 2002 and 2004.
In September, the central government announced rules to control the hoarding of land by property developers in an effort to cool speculation in the real estate sector.
Developers will be prohibited from bidding on properties if they have illegally transferred lands, left the land idle for over a year, or developed land in breach of agreements.