New Home Sales YoY in China decreased to -41.90 percent in October from 0.40 percent in September of 2025. This dataset includes a chart with historical data for China New Home Sales YoY.

New Home Sales in China increased to 60687.34 CNY Hundred Million in October from 55329.02 CNY Hundred Million in September of 2025. This dataset provides - China Sales Value of Commercial Residential Buildings- actual values, historical data, forecast, chart, statistics, economic calendar and news.

From January to September 2025, the cumulative sales revenue of commercialized real estate in China amounted to around *** trillion yuan. This was a decline by *** percent from the same period in the previous year. Annual total sales revenue of real estate in China reached around **** trillion yuan in 2024.

China Real Estate: Sales Revenue data was reported at 9,589,690.064 RMB mn in 2017. This records an increase from the previous number of 9,009,150.637 RMB mn for 2016. China Real Estate: Sales Revenue data is updated yearly, averaging 810,756.060 RMB mn from Dec 1988 (Median) to 2017, with 30 observations. The data reached an all-time high of 9,589,690.064 RMB mn in 2017 and a record low of 16,212.340 RMB mn in 1988. China Real Estate: Sales Revenue data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RKF: Real Estate Enterprise: All.

Housing Index in China remained unchanged at -2.20 percent in October. This dataset provides the latest reported value for - China Newly Built House Prices YoY Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the average price for residential real estate in Shenzhen ****** yuan per square meter. This was the highest price among all major cities in China, with the average price across the country amounting to ****** yuan per square meter. A pillar of the Chinese economy China gradually abolished its welfare housing allocation system and liberalized its real estate market in the 1990s. In 2003, the government declared the real estate sector as one of the pillars of the Chinese economy. Thanks to the country's rapid economic development and urbanization, China's real estate market expanded significantly in the last two decades, with the sector accounting for about seven percent of China's GDP in 2022. Unaffordable in major urban centers While the real estate industry greatly contributed to the growth of China's economy, the housing market boom also created social issues and financial risks. In comparison to household income, property prices in major cities, most notably Shanghai, Beijing, Guangzhou, and Shenzhen, are extraordinarily expensive for average citizens. Soaring housing prices have also led to a rapid division of wealth between homeowners and renters. At the same time, debt problems created by the rapid expansion of real estate companies and the high levels of debt accumulated by Chinese citizens have created serious potential hazards for China's financial system.

Key information about House Prices Growth

• China house prices dropped 2.5% YoY in Oct 2025, following a decrease of 1.9% YoY in the previous month.
• YoY growth data is updated monthly, available from Mar 1999 to Oct 2025, with an average growth rate of 5.3%.
• House price data reached an all-time high of 25.0% in Feb 2010 and a record low of -12.6% in Apr 1999.

CEIC calculates House Prices Growth from monthly Average Residential Property Price per Square Meter. The National Bureau of Statistics provides year-to-date Average Residential Property Price per Square Meter in local currency.

In 2023, the average price of real estate in China was approximately ****** yuan per square meter, representing a decrease from the previous year. Rising prices in the real estate market Since the 1998 housing reform, property prices in China have been rising continuously. Housing in the country is now often unaffordable, especially considering the modest per capita income of Chinese households. Shanghai and Beijing even have some of the most competitive real estate markets in the world. The rapid growth in housing prices has increased wealth among homeowners, while it also led to a culture of speculation among buyers and real estate developers. Housing was treated as investments, with owners expecting the prices to grow further every year. Risk factors The expectation of a steadily growing real estate market has created a property bubble and a potential debt crisis. As Chinese real estate giants, such as China Evergrande and Country Garden, operate by continuously acquiring land plots and initiating new projects, which often require substantial loans and investments, a slowdown in property demands or a decline in home prices can significantly affect the financial situation of these companies, putting China’s banks in a vulnerable position. In addition, due to a lack of regulations and monetary constraints, the long-term maintenance issues of high-rise apartments are also a concern to the sustainable development of China’s cities.

China Floor Space Sold: Year to Date: Residential: Existing House data was reported at 60,446.784 sq m th in Mar 2025. This records an increase from the previous number of 29,608.305 sq m th for Feb 2025. China Floor Space Sold: Year to Date: Residential: Existing House data is updated monthly, averaging 89,992.158 sq m th from Aug 2005 (Median) to Mar 2025, with 236 observations. The data reached an all-time high of 319,313.139 sq m th in Dec 2016 and a record low of 8,877.505 sq m th in Feb 2020. China Floor Space Sold: Year to Date: Residential: Existing House data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RKC: Commodity Building: Floor Space Sold: Monthly.

The China Residential Real Estate Market is Segmented by Property Type (Apartments & Condominiums and Villas & Landed Houses), Price Band (Affordable, Mid-Market and Luxury), Mode of Sale (Primary and Secondary), Business Model (Sales and Rental) and Key Cities (Shenzhen, Beijing, Shanghai, Hangzhou, Guangzhou, and Other Key Cities). The Market Forecasts are Provided in Terms of Value (USD).

China Real Estate: Sales Revenue: Land Transfer data was reported at 83,841.784 RMB mn in 2017. This records an increase from the previous number of 66,632.482 RMB mn for 2016. China Real Estate: Sales Revenue: Land Transfer data is updated yearly, averaging 25,242.555 RMB mn from Dec 1988 (Median) to 2017, with 30 observations. The data reached an all-time high of 83,841.784 RMB mn in 2017 and a record low of 746.800 RMB mn in 1989. China Real Estate: Sales Revenue: Land Transfer data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RKF: Real Estate Enterprise: All.

Revenue for the Residential Real Estate industry in China is expected to decrease at a CAGR of 9.8% over the five years through 2025. This trend includes an expected decrease of 9.6% in the current year.Since August 2020, the People's Bank of China and the China Banking and Insurance Regulatory Commission have proposed three debt indicators for real estate development and management companies through which the company's financial health can be rated. This new policy has exacerbated the company's debt pressure, making it unable to repay old debts by borrowing new debt. Some real estate companies faced a liquidity crisis.In 2022, the city's lockdown and laying-off caused by COVID-19 epidemic led to the pressure of delaying the delivery of houses. The industry's newly constructed and completed areas decreased significantly throughout the year. In addition, the epidemic has impacted sales in the industry, and some sales offices have been forced to close temporarily. In 2022, the residential sales area decreased by 26.8%, and the residential sales decreased by 31.2%.Industry revenue will recover at an annualized 0.7% over the five years through 2030. Over the next five years, the industry's drag on GDP will weaken, and industry growth will stabilize. However, high housing prices have become a major social problem in China. Under the measures on the principle that residential real estate is used for living, not speculation, the financial attributes of real estate will gradually weaken, and housing prices will tend to stabilize.

In 2023, **** million apartments were sold in China, representing a slight growth from the previous years. In comparison to a decade ago, the speed of growth in residential property sales stagnated since around 2017, reflecting a potential lack of further demand in housing in the country.

China Property Price: YTD Avg: Overall data was reported at 9,510.153 RMB/sq m in Mar 2025. This records a decrease from the previous number of 9,547.228 RMB/sq m for Feb 2025. China Property Price: YTD Avg: Overall data is updated monthly, averaging 5,157.474 RMB/sq m from Dec 1995 (Median) to Mar 2025, with 352 observations. The data reached an all-time high of 11,029.538 RMB/sq m in Feb 2021 and a record low of 599.276 RMB/sq m in Feb 1996. China Property Price: YTD Avg: Overall data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Price – Table CN.PD: NBS: Property Price: Monthly.

House Price Index MoM in China decreased to -0.50 percent in October from -0.40 percent in September of 2025. This dataset includes a chart with historical data for China House Price Index MoM.

Property sales to Chinese buyers in the United States increased significantly from a value of **** U.S. billion dollars in 2010 to **** billion U.S. dollars in 2017. Since 2017, the value of property sales to Chinese buyers has declined, reaching **** billion U.S. dollars in 2025.

Housing Starts in China increased to 49061.39 Tens of Thousands Square Metre in October from 45399.32 Tens of Thousands Square Metre in September of 2025. This dataset includes a chart with historical data for China Housing Starts.

China Real Estate: Sales Revenue: Rental Income data was reported at 156,832.252 RMB mn in 2017. This records a decrease from the previous number of 178,696.723 RMB mn for 2016. China Real Estate: Sales Revenue: Rental Income data is updated yearly, averaging 15,445.315 RMB mn from Dec 1988 (Median) to 2017, with 30 observations. The data reached an all-time high of 178,696.723 RMB mn in 2016 and a record low of 88.260 RMB mn in 1988. China Real Estate: Sales Revenue: Rental Income data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RKF: Real Estate Enterprise: All.

China Real Estate: Sales Revenue: Other data was reported at 288,101.302 RMB mn in 2017. This records an increase from the previous number of 247,489.171 RMB mn for 2016. China Real Estate: Sales Revenue: Other data is updated yearly, averaging 55,093.835 RMB mn from Dec 1988 (Median) to 2017, with 30 observations. The data reached an all-time high of 288,101.302 RMB mn in 2017 and a record low of 590.630 RMB mn in 1990. China Real Estate: Sales Revenue: Other data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RKF: Real Estate Enterprise: All.

Hunan: Real Estate: Cost of Sales data was reported at 292,999.060 RMB mn in 2022. This records a decrease from the previous number of 329,658.700 RMB mn for 2021. Hunan: Real Estate: Cost of Sales data is updated yearly, averaging 149,363.390 RMB mn from Dec 2004 (Median) to 2022, with 17 observations. The data reached an all-time high of 329,658.700 RMB mn in 2021 and a record low of 22,756.340 RMB mn in 2004. Hunan: Real Estate: Cost of Sales data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Real Estate Sector – Table CN.RKF: Real Estate Enterprise: Hunan.