New Home Sales YoY in China decreased to -23 percent in June from -8.60 percent in May of 2025. This dataset includes a chart with historical data for China New Home Sales YoY.

New Home Sales in China increased to 38849 CNY Hundred Million in June from 30119 CNY Hundred Million in May of 2025. This dataset provides - China Sales Value of Commercial Residential Buildings- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the total sales revenue from commercialized real estate sold in China amounted to around ************ yuan. This figure includes total sales of residential real estate, office real estate, real estate for business use, and others, generated by real estate developers in China.

Housing Index in China decreased by 3.20 percent in June from -3.50 percent in May of 2025. 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.

From January to May 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.

Graph and download economic data for Real Residential Property Prices for China (QCNR628BIS) from Q2 2005 to Q1 2025 about China, residential, HPI, housing, real, price index, indexes, and price.

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.

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.

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.

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).

Beijing: Real Estate: Sales Revenue: Rental Income data was reported at 13,446.476 RMB mn in 2023. This records a decrease from the previous number of 14,212.754 RMB mn for 2022. Beijing: Real Estate: Sales Revenue: Rental Income data is updated yearly, averaging 12,300.093 RMB mn from Dec 1994 (Median) to 2023, with 30 observations. The data reached an all-time high of 36,640.376 RMB mn in 2016 and a record low of 17.410 RMB mn in 1994. Beijing: 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: Beijing.

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.

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.

Since the 1998 housing reform, the Chinese real estate market went through more than two decades of prosperity. The overall sales revenue of commercial residential housing skyrocketed from ************* yuan in 1998 to over ************* yuan in 2012, and more than *********** yuan in 2021. However, sales revenue dropped considerably in 2022, and reached only around ************ yuan in 2024. With demands for residential housing potentially falling, the sector is posing a significant risk to the long-term healthy development of the Chinese economy.

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 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 Building Sold: Year to Date: Residential: Existing House data was reported at 500,699.140 RMB mn in Mar 2025. This records an increase from the previous number of 252,780.610 RMB mn for Feb 2025. China Building Sold: Year to Date: Residential: Existing House data is updated monthly, averaging 453,119.000 RMB mn from Aug 2005 (Median) to Mar 2025, with 236 observations. The data reached an all-time high of 1,923,907.490 RMB mn in Dec 2016 and a record low of 34,464.000 RMB mn in Feb 2006. China Building 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.RKB: Commodity Building Sold: Monthly.

Key information about House Prices Growth

• China house prices dropped 4.1% YoY in Dec 2024, following a decrease of 4.8% YoY in the previous month.
• YoY growth data is updated monthly, available from Mar 1999 to Dec 2024, with an average growth rate of 7.4%.
• 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.

House Price Index MoM in China decreased to -0.30 percent in June from -0.20 percent in May of 2025. This dataset includes a chart with historical data for China House Price Index MoM.

China Real Estate Market, valued at USD 5.30T in 2024, is projected to reach USD 6.98T by 2030, growing at a 3.9% CAGR from 2025 to 2030.