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.

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 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.

In 2024, the total floor space of newly started residential housing construction in China dropped below *********** square meters. This marked the fifth consecutive year of decline since the figure peaked in 2019. Two decades of prosperity in China’s real estate sector China's housing market enjoyed more than two decades of prosperity since the country liberalized its real estate sector in the late 1990s. In tandem with China's urbanization and economic success, demand for better housing grew consistently, leading to significant price rises for real estate across all regions. As a result, the real estate and construction sectors have both become pillar industries of the country. Through the sale of land use permits to real estate enterprises, local governments also generated substantial non-tax income, allowing them to fund vital infrastructure development projects and investments. Is the real estate market in China unsustainable? In the last two decades, almost all major real estate companies in China achieved their market dominance by selling off-plan properties and reinvesting their revenues in further development projects. This model has gradually become unsustainable as the real estate industry slowed its pace of growth, leading to financial turmoil for companies, including giants such as Evergrande and Country Garden. Complicating matters, the large number of unfinished projects that have already been sold has pushed many homebuyers into bankruptcy.

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 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.

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.

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).

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 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.

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.

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.

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.

Property Price Index: Secondary Mkt: Residential: Beijing data was reported at 100.500 Prev Mth=100 in Mar 2025. This records an increase from the previous number of 100.000 Prev Mth=100 for Feb 2025. Property Price Index: Secondary Mkt: Residential: Beijing data is updated monthly, averaging 100.200 Prev Mth=100 from Jan 2011 (Median) to Mar 2025, with 171 observations. The data reached an all-time high of 106.300 Prev Mth=100 in Mar 2016 and a record low of 98.400 Prev Mth=100 in Apr 2024. Property Price Index: Secondary Mkt: Residential: Beijing 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.EA: Property Price Index: (Previous Month=100): Secondary Market Residential. The survey coverage and methods for the 70 cities property price index: Survey Coverage: The survey was conducted in the municipal districts of 70 medium and large-sized cities, excluding the counties. Survey Methods: The data of sales price, floor space and amount of money directly came from the network transaction records data of local real estate management departments. The survey of sales prices of second-hand residential buildings was non-overall survey, integrating key-point investigation with typical investigation, combing the methods of real estate brokerage agency reporting, real estate management departments providing, as well as investigator obtaining prices on the spot, to collect the basic data.

Key information about China Gold Production

• China Real Residential Property Price Index was reported at 90.676 2010=100 in Jun 2025.
• This records a decrease from the previous number of 91.615 2010=100 for Mar 2025.
• China Real Residential Property Price Index data is updated quarterly, averaging 93.824 2010=100 from Jun 2005 to Jun 2025, with 81 observations.
• The data reached an all-time high of 112.991 2010=100 in Sep 2021 and a record low of 87.950 2010=100 in Jun 2005.
• China Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

China Residential Real Estate Market size was valued at USD 570000 Million in 2023 and is projected to reach USD 792166 Million by 2031, growing at a CAGR of 4.2% during the forecast period 2024-2031.

China Residential Real Estate Market: Definition/ Overview

Residential real estate refers to properties designed specifically for individuals or families to live in, offering a broad spectrum of housing options that cater to various lifestyles, preferences, and financial situations. This category includes several types of properties, each with distinct advantages based on size, location, and amenities. Condominiums (Condos) are individual units within larger buildings or complexes, often offering shared amenities like gyms, pools, and communal spaces, making them ideal for those seeking a low-maintenance, urban lifestyle.

Townhouses are multi-level homes attached to neighboring units, providing the benefits of both space and privacy while maintaining a compact footprint, often with more room than apartments but less than detached homes.

China's large population, the accelerating urbanization process, rising household disposable incomes, and strong economic expansion have all contributed to the development of the real estate market. As a result, demand for real estate agents in China has been rising to meet the expanding market volumes and requirements for higher transaction efficiency.Over the five years through 2025, industry revenue is anticipated to decrease at a CAGR of 3.3%, including a decline of 2.2% in 2025. A competitive market has led to speculation and inflated housing prices in recent years. As a result, the Chinese government has implemented property-purchasing and loan limitations, price restrictions, and housing tax reforms to regulate industry development and limit speculation. Since 2022, consumers' demand for real estate has declined due to the COVID-19 epidemic and economic downturn. In 2023, the newly constructed area of real estate decreased by 20.9% year-on-year, which was narrower than that in 2022, while the completed area of real estate in this year increased by 15.8%.Over the five years through 2030, ACMR-IBISWorld forecasts that China's Real Estate Agents industry will recover, with revenue increasing at a CAGR of 1.9%. Due to intensifying competition, the separation of real estate development and sales will continue. Outsourcing real estate sales operations will improve the operational efficiency of real estate developers and offer new opportunities for real estate intermediary service providers in the industry.