In 2025, China’s new-home sales fell to their lowest level since before 2010, and around 50% below their 2021 peak, reports Caixin.
Total sales area for new commercial properties in 2025 was approximately 890 million square meters, a year-on-year drop of about 9%, while sales value fell approximately 13% to RMB 8.4 trillion ($1.2 trillion), said Ding Zuyu, co-president of real estate consultancy China Real Estate Information Corp, at an annual conference on Wednesday.
Both metrics have declined by around 50% from their historical peaks in 2021, when sales reached 1.6 billion square meters and RMB 17 trillion, respectively, according to revised data from the National Bureau of Statistics cited by Ding.