In 2022, the price for new residential property in Shanghai's inner ring dropped by more than 4,000 yuan per square meter, to 119,244 thousand yuan per square meter. Although the local authorities introduced policies to stabilize the market, the real estate market in Shanghai’s central districts remained under downward pressure, similar to those experienced by other major cities in China.

The most competitive real estate market in the country

Home prices in Shanghai are among the most expensive globally. The area within the city's inner ring road is certainly one of the most competitive real estate markets in all of China, with property prices nearly three times higher than those outside the outer ring road. Rising prices are far beyond the reach of ordinary residents, and the few who can afford to buy often have to take out substantial mortgages for their homes, resulting in a high proportion of real estate in their personal assets.

Challenges facing China’s real estate sector

The high level of indebtedness of the Chinese people and the bubbles in the country's real estate sector have become one of the major risks to China's economy. While developers expanded through continuous borrowing and the sale of off-plan properties to homebuyers, the market saw a significant excess of housing supply in most regions. There have also been instances in recent years where developers have had difficulties in completing construction projects or in repaying their loans or bonds. Addressing the risks in China's real estate sector, particularly in companies such as the Evergrande Group and Country Garden, has become an urgent task to ensure China's economic stability and prosperity.

Property Price: YTD Avg: Residential: Shanghai data was reported at 47,222.903 RMB/sq m in Dec 2024. This records an increase from the previous number of 46,596.680 RMB/sq m for Nov 2024. Property Price: YTD Avg: Residential: Shanghai data is updated monthly, averaging 14,015.153 RMB/sq m from Mar 1998 (Median) to Dec 2024, with 322 observations. The data reached an all-time high of 55,922.328 RMB/sq m in Feb 2021 and a record low of 2,618.732 RMB/sq m in Dec 1998. Property Price: YTD Avg: Residential: Shanghai 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: Residential: Monthly.

Housing Index in China decreased by 4.80 percent in February from -5 percent in January 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.

Property Price: YTD Avg: Beijing data was reported at 31,975.587 RMB/sq m in Dec 2024. This records a decrease from the previous number of 32,227.942 RMB/sq m for Nov 2024. Property Price: YTD Avg: Beijing data is updated monthly, averaging 19,329.232 RMB/sq m from Jan 2003 (Median) to Dec 2024, with 264 observations. The data reached an all-time high of 42,343.603 RMB/sq m in Jun 2021 and a record low of 4,515.769 RMB/sq m in Feb 2004. Property Price: YTD Avg: Beijing 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 -0.10 percent in February from 0 percent in January of 2025. This dataset includes a chart with historical data for China House Price Index MoM.

China Property Price: YTD Avg: Overall data was reported at 9,934.828 RMB/sq m in Dec 2024. This records an increase from the previous number of 9,884.672 RMB/sq m for Nov 2024. China Property Price: YTD Avg: Overall data is updated monthly, averaging 5,107.416 RMB/sq m from Dec 1995 (Median) to Dec 2024, with 349 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.

Shanghai Property Price: Secondary Mkt: Huangpu: Old Urban Area data was reported at 22,457.000 RMB/sq m in Nov 2010. This records an increase from the previous number of 22,371.000 RMB/sq m for Oct 2010. Shanghai Property Price: Secondary Mkt: Huangpu: Old Urban Area data is updated monthly, averaging 15,457.000 RMB/sq m from Jan 2005 (Median) to Nov 2010, with 71 observations. The data reached an all-time high of 22,457.000 RMB/sq m in Nov 2010 and a record low of 9,571.000 RMB/sq m in Jan 2005. Shanghai Property Price: Secondary Mkt: Huangpu: Old Urban Area data remains active status in CEIC and is reported by Shanghai Existing Property Index Office. The data is categorized under China Premium Database’s Price – Table CN.PD: Shanghai Existing Property Index Office: Shanghai Property Price: Secondary Market (Discontinued).

Shanghai Property Price: Secondary Mkt: Pudong New Area: Sanlin data was reported at 14,257.000 RMB/sq m in Jan 2011. This records an increase from the previous number of 14,114.000 RMB/sq m for Dec 2010. Shanghai Property Price: Secondary Mkt: Pudong New Area: Sanlin data is updated monthly, averaging 10,743.000 RMB/sq m from Jan 2005 (Median) to Jan 2011, with 73 observations. The data reached an all-time high of 14,571.000 RMB/sq m in May 2010 and a record low of 6,629.000 RMB/sq m in Jan 2005. Shanghai Property Price: Secondary Mkt: Pudong New Area: Sanlin data remains active status in CEIC and is reported by Shanghai Existing Property Index Office. The data is categorized under China Premium Database’s Price – Table CN.PD: Shanghai Existing Property Index Office: Shanghai Property Price: Secondary Market (Discontinued).

Property Price: YTD Avg: Commercial Bldg: Shanghai data was reported at 29,003.298 RMB/sq m in Dec 2019. This records a decrease from the previous number of 29,250.505 RMB/sq m for Nov 2019. Property Price: YTD Avg: Commercial Bldg: Shanghai data is updated monthly, averaging 18,312.064 RMB/sq m from Jan 2006 (Median) to Dec 2019, with 167 observations. The data reached an all-time high of 54,695.501 RMB/sq m in Feb 2019 and a record low of 5,982.000 RMB/sq m in Mar 2006. Property Price: YTD Avg: Commercial Bldg: Shanghai 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: Commercial Building: Monthly.

Affordable housing plays a significant role for the wellbeing of people all over the world. However, against the background of housing commodification and market reforms since 1978 in China, housingprice in many cities especially mega cities such as Beijing, Shanghai, Shenzhen and Guanghzou in China hasundergone rapidly increasing. The fact negatively affects housing accessibility of many residents and leadsto socio-spatial polarization of many cities. Driven by this concern, this research explores the spatial distribution pattern of housing prices and the influencing factors of Shenyang, a typical old industrial city in China.Based on POI data and the Kriging method, we firstly simulated the spatial distribution pattern of housingprices in Shenyang. Then, 11 independent variables were selected (consisting of community characteristics,public facilities and public transportations) to investigate mechanisms underlying the spatial differential pattern of housing prices of Shenyang, based on the Geographically Weighted Regression model (GWR). Theresults are as following. First, the housing price of different communities in Shenyang spatially forms amulti-center structure. Changbai region has replaced Shenhe and Heping districts as the new peak price area.Second, the independent variables show significant spatial heterogeneity. Variables related to communitycharacteristics, such as ratio of green space, parking lot ratio and neighbourhoods management fees, have significant positive effects on housing price in general. Third, we found that urban housing market developmentof old industrial cities such as Shenyang has long been featured by the "strong government, weak market" development strategies.

Shanghai: Real Estate: Cost of Sales data was reported at 362,195.650 RMB mn in 2022. This records an increase from the previous number of 354,557.330 RMB mn for 2021. Shanghai: Real Estate: Cost of Sales data is updated yearly, averaging 269,330.920 RMB mn from Dec 2004 (Median) to 2022, with 17 observations. The data reached an all-time high of 422,834.970 RMB mn in 2016 and a record low of 157,799.200 RMB mn in 2011. Shanghai: Real Estate: Cost of Sales 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: Shanghai.

Property Price: YTD Avg: Jiangsu data was reported at 10,373.371 RMB/sq m in Dec 2024. This records an increase from the previous number of 10,356.109 RMB/sq m for Nov 2024. Property Price: YTD Avg: Jiangsu data is updated monthly, averaging 6,891.199 RMB/sq m from Jan 2003 (Median) to Dec 2024, with 264 observations. The data reached an all-time high of 13,827.221 RMB/sq m in Feb 2021 and a record low of 2,110.284 RMB/sq m in Sep 2003. Property Price: YTD Avg: Jiangsu 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.