From January to July 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.

New Home Sales in China increased to 48447 CNY Hundred Million in August from 43593 CNY Hundred Million in July of 2025. This dataset provides - China Sales Value of Commercial Residential Buildings- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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 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.

New Home Sales YoY in China decreased to -24 percent in July from -23 percent in June of 2025. This dataset includes a chart with historical data for China New Home Sales YoY.

Housing Index in China decreased by 2.50 percent in August from -2.80 percent in July 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.

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.

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.

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.

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.

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 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.

The China Commercial Real Estate Market is Segmented by Property Type (Offices, Retail, Logistics, Others (industrial Real Estate, Hospitality Real Estate)), by Business Model (Sales and Rental), by End-User (Individuals / Households, Corporates & SMEs, Others) and by Cities (Shanghai, Beijing, Shenzhen and More). The Market Sizes and 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.

Beijing: Real Estate: Sales Revenue: Land Transfer data was reported at 5,731.184 RMB mn in 2023. This records a decrease from the previous number of 12,245.792 RMB mn for 2022. Beijing: Real Estate: Sales Revenue: Land Transfer data is updated yearly, averaging 7,222.750 RMB mn from Dec 1994 (Median) to 2023, with 30 observations. The data reached an all-time high of 21,584.480 RMB mn in 2012 and a record low of 866.530 RMB mn in 1997. Beijing: 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: Beijing.

Hunan: Real Estate: Sales Expense data was reported at 14,764.180 RMB mn in 2022. This records a decrease from the previous number of 21,393.560 RMB mn for 2021. Hunan: Real Estate: Sales Expense data is updated yearly, averaging 8,020.480 RMB mn from Dec 2007 (Median) to 2022, with 16 observations. The data reached an all-time high of 21,393.560 RMB mn in 2021 and a record low of 1,580.180 RMB mn in 2007. Hunan: Real Estate: Sales Expense 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.

The real estate transaction value in the 'Residential Real Estate Transactions' segment of the real estate market in China was modeled to amount to ************* U.S. dollars in 2024. Between 2017 and 2024, the real estate transaction value rose by *********** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The real estate transaction value will steadily rise by *********** U.S. dollars over the period from 2024 to 2029, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Residential Real Estate Transactions.

In 2023, with an average price reaching ****** yuan per square meter, Beijing had the most unaffordable residential housing market in China. The costs for housing were also high in eastern economic powerhouses, such as the municipalities of Shanghai and Tianjin, as well as the provinces of Zhejiang, Jiangsu, and Fujian. On average, the price for apartments in the country was ****** yuan per square meter in 2023.

In 2024, Poly Real Estate was the most active real estate developer in China, generating a sales revenue of approximately *********** yuan. Other leading companies were China Overseas Land & Investment Ltd. and Greentown China. Real estate market in ChinaWith more than ******************** real estate developers, China's real estate market is ranked among the world’s largest as of 2023, recruiting over *********** employees, and generating revenue from real estate sales that has increased tenfold between 2005 and 2021. China's real estate market has become a subject of debate for a long time, with the average real estate sale price per square meter in China skyrocketed from ***** yuan in 2008 to more than ****** yuan in 2023. However, different regions experienced substantially different price growth trends; as of 2023, Shanghai was the region in China with the highest sales price of real estate, followed by Hainan and the capital, Beijing. Future developmentConsidering the average income in the country, the housing prices in the largest cities are far beyond the affordability of an average household, even in suburb areas. China's central and western provinces had relatively less expansive real estate price. As a matter of fact, housing prices in China grew at a pace parallel to the country's GDP growth rate. The fluctuation of real estate prices is very likely to have a far-reaching impact on China's economic development; although the extremely high real estate prices in some regions of China are expected to fall, a sudden drop of housing prices would set off a chain reaction, leading to devastating consequences for the country's future.

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.