The invention relates to a building sulfamate high-performance water reducer and its preparing method, synthesized of benzene solfonic acid, sodium hydroxide, phenol, formaldehyde and water, and the product mainly contains the groups: -CN, benzene ring, -SO3, etc, and the average molecular weight is 4000-9500. It can make the water reduction ratio of concrete up to above 25%, improve the fluidity of concrete by a large margin, makes the loss rate of concrete slump in 2 hours less than 10%, enhances the strength by a large margin, and improves the durability of concrete. It has better adaptability to various cements. It is applied to the constructions (structures) of premixed concrete commodity, high-strength high-performance concrete, reinforced concrete, etc.