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).

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.

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 2022, 35 percent of Guangxi's land transfer revenue were contributed by urban investment groups, signalling systematic problems in the province's real estate market. Urban investment groups are mostly commercial entities set up by the local governments, and the debt situation within these groups, together with debts accumulated by local governments is a long-term risk to the Chinese economy.

In 2021, among the 30 major Chinese cities that received the highest income through land transfers, 12 cities’ annual land transfer fee revenue was higher than their local general public budget revenue. As land transfer revenues declined significantly after the property market peaked in 2021, many local governments have been forced to reduce their reliance on land transfer revenues and turn to debt and other funding sources. The 1994 fiscal reform and “Land Finance” The tax-sharing reform of 1994 greatly adjusted China’s tax structure, and the distribution of tax revenue between central and local governments. Since its implementation, local governments in the country have had little tax autonomy and can only receive roughly half of the overall tax revenue generated in the country. The reform forced local administrations to find new sources of income. As land plots in urban areas are government-owned, they were leased to property developers in exchange for land transfer fees, helping local governments to cover their expenditures. As China’s real estate market mostly remained prosperous in before 2022, land transfer revenues also increased significantly. Many local governments had become increasingly dependent on this income, due to a lack of other financial means. Lower dependency in first-tier cities Economic hubs with diverse industries in China, including Beijing, Shanghai, and Shenzhen were generally less dependent on land transfer incomes, despite having the most vibrant real estate market in the country and exceptionally expensive land leases. In contrast, many provincial capitals, such as Guiyang, Wuhan, and Xi’an, were among the cities that were the most dependent on land transfer incomes.

The China residential real estate industry is expected to grow at a CAGR of XX% during 2025-2033. The market size was valued at XX million in 2025 and is projected to reach XX million by 2033. The growth of the market is attributed to the increasing urbanization, rising disposable income, and government policies that support homeownership. The key drivers of the market include the increasing demand for housing from the growing middle class, the government's focus on affordable housing, and the development of smart cities. However, the market is also facing some challenges, such as the rising cost of land, the strict regulations on real estate development, and the increasing competition from the rental market. The market is segmented by type into apartments & condominiums, villas & landed houses, and by key cities into Shenzhen, Beijing, Shanghai, Hangzhou, Guangzhou, and other key cities. The major players in the market include Evergrande Real Estate Group Limited, China Overseas Land & Investment Limited, Longfor Group Holdings Limited, China State Construction Engineering Corporation Ltd (CSCEC), Shimao Group Holdings Limited, Sunac China Holdings Limited, China Resources Land Limited, China Vanke Co Ltd, China Merchants Shekou Industrial Zone Holdings Co Ltd, and Country Garden Holdings Company Limited. The market concentration is moderate, with the top 5 players accounting for XX% of the market share. The companies are focusing on expanding their presence in key cities, developing new projects, and offering innovative products and services to meet the evolving needs of consumers. The China residential real estate industry is one of the largest and most important in the world. In 2021, the industry was valued at over $4 trillion USD and is projected to grow to over $6 trillion USD by 2025. The industry is characterized by a high concentration of large developers, with the top 10 developers accounting for over 50% of the market share. The industry is also highly regulated, with the government implementing a number of policies to control prices and prevent speculation. 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).. Key drivers for this market are: Government Infrastructure Spending, Urbanization and Increasing Disposable Incomes. Potential restraints include: Oversupply in the Real Estate, Labor Shortages. Notable trends are: Urbanization Driving the Residential Real Estate Market.

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)

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.

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

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.

In 2021, over a third of land plots acquired by leading property developers in China were in the Yangtze River Delta region. As one of the most prosperous areas in the country, the region has a highly vibrant real estate sector, with the average price of residential properties within Shanghai's inner-ring-road exceeding 120 thousand yuan per square meter in 2021.

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 in China, June, 2025 The most recent value is 120 index points as of Q2 2025, a decline compared to the previous value of 121.64 index points. Historically, the average for China from Q2 2005 to Q2 2025 is 113.63 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

The China commercial real estate market, valued at $890 million in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 3.49% from 2025 to 2033. This growth is fueled by several key drivers. Firstly, China's ongoing urbanization and expanding middle class are significantly increasing demand for office spaces, retail centers, and logistics facilities. Secondly, government initiatives promoting infrastructure development and smart city projects are creating further opportunities within the sector. Thirdly, the increasing adoption of e-commerce and the consequent need for efficient warehousing and distribution networks are boosting the logistics real estate segment. However, the market faces certain restraints. Economic fluctuations, particularly those affecting the broader Chinese economy, can impact investment and construction activity. Furthermore, stringent regulatory measures and land acquisition challenges present hurdles for developers. Competition amongst established players like China Aoyuan Group Ltd, Longfor, CapitaLand, Wanda Group, and others remains intense. Segmentation within the market is diverse, encompassing office buildings, retail properties, logistics facilities, and mixed-use developments, each responding differently to market dynamics. The forecast period will likely see a continuous rise in the market size driven by the aforementioned drivers, though the rate of growth may be subject to economic conditions and government policies. The presence of large, established players indicates a mature but still developing market with significant potential for future expansion. The historical period (2019-2024) likely showed variations in growth depending on the economic climate and government regulations implemented during that time. Extrapolating from the provided CAGR and considering the expected fluctuations in economic activity, it's reasonable to anticipate that market growth will remain consistently positive throughout the forecast period, though at times exhibiting minor deceleration or acceleration in response to external factors. Strategic partnerships, technological innovation, and adaptability to evolving consumer preferences will be crucial for companies to thrive in this competitive landscape. Focus on sustainable development practices and alignment with government policy is also essential for long-term success. Key drivers for this market are: Foreign Investments driving the market, Implementation of government policies driving the market. Potential restraints include: Oversupply of commercial real estate, Increasing property prices affecting the growth of the market. Notable trends are: Technology and Innovation Driving the Market.

China commercial real estate market valued at USD 860 billion, driven by urbanization, foreign investments, and demand in office, retail, and logistics sectors. Projected growth amid infrastructure investments and economic recovery.

China Real Estate Investment data was reported at 12,026,351.460 RMB mn in 2018. This records an increase from the previous number of 10,979,852.880 RMB mn for 2017. China Real Estate Investment data is updated yearly, averaging 779,092.230 RMB mn from Dec 1986 (Median) to 2018, with 33 observations. The data reached an all-time high of 12,026,351.460 RMB mn in 2018 and a record low of 10,100.000 RMB mn in 1986. China Real Estate Investment 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.RKA: Real Estate Investment: Summary.

House Price Index MoM in China remained unchanged at -0.30 percent in August. This dataset includes a chart with historical data for China House Price Index MoM.

In 2021, more than 94 percent of land acquisitions by major property developers in China happened in tier-2 and lower-tier cities as measured by transferred area. In that year, Country Garden Holdings received over 40 million square meters of land plots from the corresponding local governments, ranking first among all real estate companies in China.

China luxury residential real estate market valued at USD 150 million, driven by rising affluence, urbanization in Beijing, Shanghai, Shenzhen, with growth in eco-friendly and smart homes.

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.