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).

Graph and download economic data for Residential Property Prices for China (QCNN368BIS) from Q2 2006 to Q1 2025 about China, residential, housing, and price.

Housing Index in China decreased by 3.50 percent in May from -4 percent in April 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.

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.

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)

In 2023, the average price for residential real estate in Shenzhen 50,010 yuan per square meter. This was the highest price among all major cities in China, with the average price across the country amounting to 16,780 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.

The China Office Real Estate Market Report is Segmented by Building Grade (Grade A, Grade B, and More), by Transaction Type (Rental and Sales), by End Use (Information Technology (IT & ITES), BFSI (Banking, Financial Services and Insurance), and More) and by Major Cities (Beijing, Shanghai, Shenzhen and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

The China office real estate market, valued at approximately $X million in 2025 (assuming a reasonable market size based on similar global markets and the provided CAGR), is projected to experience robust growth, exceeding a 5.5% Compound Annual Growth Rate (CAGR) from 2025 to 2033. This expansion is fueled by several key drivers. The burgeoning Information Technology (IT and ITES) sector, coupled with a continuously growing BFSI (Banking, Financial Services, and Insurance) industry, is creating significant demand for modern office spaces in major cities like Beijing and Shanghai. Expanding manufacturing operations and a growing consulting sector further contribute to this market's dynamism. While factors such as economic fluctuations and potential oversupply in certain areas could pose restraints, the long-term outlook remains positive, driven by sustained urbanization, government initiatives promoting economic growth, and the continuous influx of foreign investment. The market segmentation reveals strong potential in tier-1 cities, with Beijing and Shanghai leading the charge. Key players like Wanda Group, Country Garden Holdings, and China Vanke are well-positioned to capitalize on this growth, though competition remains fierce. The strategic location of office spaces within these major cities plays a crucial role. Proximity to transportation hubs, amenities, and other commercial centers significantly impacts rental rates and occupancy levels. The continued development of smart city initiatives and a focus on sustainable building practices will shape future office developments. The market's evolution will also be influenced by shifts in work culture, with trends towards hybrid work models likely to affect demand. However, the long-term prospects for the China office real estate sector remain optimistic, driven by China’s ongoing economic development and increasing urbanization. This robust growth presents substantial opportunities for both domestic and international investors involved in development, leasing, and management of office spaces within this dynamic market. Recent developments include: April 2023: China's new private equity real estate pilot programme is designed to boost investment in the property sector and attract increased foreign investment. The pilot programme, announced by the Securities Regulatory Commission (CSRC) last month, is intended to boost private investment in the Chinese real estate market and open the door to foreign investors. The aim is to improve liquidity and reduce property developers' debt ratios., March 2023: Cushman & Wakefield's (NYSE: CWK) Greater China Capital Markets team recently facilitated the acquisition by CapitaLand Investment Private Fund of the Beijing Suning Life Plaza mixed-use development from Suning for approximately US$400 million.. Notable trends are: Robust Leasing Demand For the Office Spaces Driving the Market.

The China residential real estate market, while experiencing fluctuations, presents a complex picture of growth and challenges. The period from 2019 to 2024 showed varied performance, likely influenced by government regulations aimed at cooling the market and addressing affordability concerns. Assuming a moderate CAGR (let's estimate 5% for illustrative purposes, acknowledging this is a simplification given the market's volatility) between 2019 and 2024, followed by a projected CAGR of 4% from 2025 to 2033, we can observe a pattern of sustained, albeit more tempered, growth. The market size in 2025 serves as a crucial base for future projections. Factors such as urbanization, rising disposable incomes in certain segments of the population, and evolving preferences for housing types continue to drive demand, even amidst regulatory tightening. However, challenges remain, including concerns about oversupply in certain regions, high debt levels among developers, and persistent affordability issues in major cities. The market's future trajectory hinges on the effectiveness of government policies aimed at balancing sustainable growth with financial stability and social equity. The government's focus on affordable housing initiatives and sustainable development will significantly influence market segmentation and overall growth. The forecast period (2025-2033) suggests continued expansion, albeit at a slower pace compared to potentially higher growth seen in prior years. This moderation reflects a more controlled and sustainable approach to market development. The long-term outlook is positive, contingent upon successful navigation of economic headwinds and the ongoing implementation of effective regulatory frameworks. Key players will need to adapt to shifting market dynamics, focusing on sustainable development practices, innovative financing strategies, and catering to evolving consumer preferences to capitalize on future growth opportunities. Analyzing regional variations within China is crucial for understanding the nuances of this dynamic market. Recent developments include: February 2022: Dar Al-Arkan, a Saudi real estate corporation, announced the creation of an office in Beijing, China. The move is in accordance with Dar Al-strategic Arkan's expansion ambitions and builds on the company's global brand development efforts. The company's Beijing office is expected to serve a variety of tasks, including establishing joint ventures between Dar Al-Arkan and renowned Chinese real estate developers for both the Chinese and Saudi markets, as well as enhancing investment and knowledge-sharing opportunities between the two countries. Dar Al-office Arkan's will serve as a hub for Chinese enterprises and investors looking to expand, start businesses, or invest in the Kingdom., February 2022: China Evergrande Group announced that it sold stakes and "right to debt" in four developments to two state-owned trust firms for CNY 2.13 billion (USD 0.35 billion), in a move to ensure their construction goes ahead as well as delivery of its other projects. The world's most indebted property developer is struggling to complete projects and homes - deemed a priority by China's policymakers to ensure social stability - while weighed down by its more than USD 300 billion in liabilities. Evergrande sold its stake and right to debt in a residential development in Chongqing and Dongguan to Everbright Trust for CNY 1.03 billion (USD 0.19 billion), as well as those in a housing project in Foshan and a theme park development in Guangzhou to Minmetals Trust for CNY 1.1 billion (USD 0.16 billion).. Notable trends are: Urbanization Driving the Residential Real Estate Market.

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.

Revenue for the Real Estate Development and Management industry in China is expected to decrease at a CAGR of 9.4% over the five years through 2025. This trend includes an expected decrease of 8.8% 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 also impacted sales of the industry, and some sales offices have been forced to close temporarily. In 2022, the sales area of commercial housing decreased by 24.3%, and the sales of commercial housing decreased significantly by 29.8%.Industry revenue will recover at an annualized 0.8% 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.

The China commercial real estate market, valued at $890 million in 2025, is projected to experience steady growth, driven by robust economic expansion and increasing urbanization. A Compound Annual Growth Rate (CAGR) of 3.49% from 2025 to 2033 indicates a significant market expansion. Key growth drivers include rising consumer spending, a burgeoning e-commerce sector fueling demand for logistics and warehousing space, and ongoing investments in infrastructure development within key cities. The market is segmented by property type, with office, retail, industrial (logistics), and hospitality sectors contributing significantly. Strong performance in the logistics sector is particularly noteworthy, fueled by the expansion of e-commerce giants and the need for efficient supply chains. However, factors such as government regulations aimed at curbing speculative investment and potential economic fluctuations pose challenges to sustained growth. Competition among major players like Wanda Group, Greenland Business Group, and CapitaLand is intense, fostering innovation and driving down prices in certain segments. The forecast period (2025-2033) presents opportunities for strategic investors and developers to capitalize on the growth trajectory while mitigating the potential risks associated with economic volatility and regulatory changes. The historical period (2019-2024) likely showcased fluctuating growth based on national economic policies and global events. This makes understanding those historical impacts crucial to future investment strategies. The dominance of major players suggests a concentrated market, but smaller, regional developers are also carving out niches. The continued expansion of China’s middle class and increasing disposable income will further stimulate demand across all sectors, especially in the retail and hospitality segments. However, sustainable development and environmental concerns are likely to play an increasingly important role in shaping future market trends, pushing developers towards green building practices and energy-efficient designs. The evolving regulatory landscape necessitates a cautious approach, requiring careful risk assessment and compliance strategies for successful long-term investment. Future growth will hinge on adapting to both economic and environmental demands. Recent developments include: May 2023: The Beijing Suning Life Plaza mixed-use complex was recently purchased from Suning for about USD 400 million by CapitaLand Investment Private Fund with the help of Cushman & Wakefield's Greater China Capital Markets division., April 2023: AIA put US$1.3 billion into a Shanghai office-retail complex, while Ping An paid about US$7 billion for industrial and office assets in Shanghai and Beijing. Insurers, including AIA and Ping An Life Insurance, are investing billions of dollars in mainland China properties, which are expected to remain an attractive asset class for insurers despite the property market downturn.. Key drivers for this market are: Foreign Investments driving the market, Implementation of government policies driving the market. Potential restraints include: Foreign Investments driving the market, Implementation of government policies driving the market. Notable trends are: Technology and Innovation Driving the Market.

The China Luxury Residential Real Estate Market Report is segmented by type (villas and landed houses, apartments and condominiums) and by cities (Beijing, Wuhan, Shanghai, Shenzhen, Guangzhou and Other cities). The report offers market size and forecasts for the China Luxury Residential Real Estate Market in value (USD billion) for all the above segments.

House Price Index MoM in China decreased to -0.20 percent in May from 0 percent in April of 2025. This dataset includes a chart with historical data for China House Price Index MoM.

China Market Cap: Shanghai SE: Real Estate data was reported at 610,069.000 RMB mn in Mar 2025. This stayed constant from the previous number of 610,069.000 RMB mn for Feb 2025. China Market Cap: Shanghai SE: Real Estate data is updated monthly, averaging 498,891.000 RMB mn from Apr 2001 (Median) to Mar 2025, with 287 observations. The data reached an all-time high of 1,535,433.000 RMB mn in Dec 2015 and a record low of 43,491.060 RMB mn in Jul 2005. China Market Cap: Shanghai SE: Real Estate data remains active status in CEIC and is reported by Shanghai Stock Exchange. The data is categorized under China Premium Database’s Financial Market – Table CN.ZA: Shanghai Stock Exchange: Market Capitalization.

In 2024, the value of personal housing loans in China amounted to ************** yuan, representing a slight drop of *** percent compared to the previous year. The overall value of outstanding mortgages more than doubled between 2016 and 2021 before it plateaued afterwards. A key factor to the growth of the real estate market China's personal housing loan market emerged in the 1990s in tandem with the marketization of the country's real estate sector. Its subsequent expansion also mirrored the growth in the property industry. Thanks to the dramatic rise in home prices across China since the early 2000s, substantial capital has poured into the market through real estate development loans and personal housing credits. For almost two decades, many Chinese middle class citizens accumulated their personal wealth through the considerable appreciation of their properties, which they financed with the help of mortgages. Risks The persistently high level of outstanding personal mortgage is becoming increasingly concerning amidst China’s current economic and market situation. With the country’s economic slowdown and the oversupply in the property sector, the housing market is losing steam, resulting in elevated risks of bad debts to financial institutions. At the same time, the household debt in China is now staying above ** percent of the country’s GDP, undermining the ability to consume and invest in the Chinese population.

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.

House price index in China, March, 2025 The most recent value is 121.64 index points as of Q1 2025, a decline compared to the previous value of 122.7 index points. Historically, the average for China from Q2 2005 to Q1 2025 is 113.55 index points. The minimum of 75.87 index points was recorded in Q2 2005, while the maximum of 145.91 index points was reached in Q3 2021. | TheGlobalEconomy.com

Key information about China Gold Production

• China Real Residential Property Price Index was reported at 93.823 2010=100 in Sep 2024.
• This records a decrease from the previous number of 96.851 2010=100 for Jun 2024.
• China Real Residential Property Price Index data is updated quarterly, averaging 99.037 2010=100 from Jun 2005 to Sep 2024, with 78 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]