China's New Home Sales Edge Up 1.4% in Early September; Second-Hand Sales Surge 13.1%
Data from the China Index Academy shows that from September 1-20, new home sales in 30 key Chinese cities rose 1.4% year-on-year, while second-hand home sales in 20 key cities surged 13.1%. First-tier cities like Beijing and Shanghai drove growth, but the recovery is concentrated in high-quality urban areas, with structural divergence persisting. Beijing and Shanghai recorded seven consecutive months of year-on-year growth in second-hand transactions. The August 28 policy adjustment had limited direct impact on supply.
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China's New Home Sales Edge Up 1.4% in First 20 Days of September; Second-Hand Sales Surge 13.1%
According to data from the China Index Academy, from September 1 to 20, the floor area of newly built commercial housing sold in 30 key Chinese cities increased by a marginal 1.4% year-on-year. First-tier cities continued to see growth, but the recovery remains concentrated in high-quality districts and projects in core cities, with structural divergence persisting. In contrast, the second-hand housing market showed stronger momentum: the number of second-hand home transactions in 20 key cities rose by 13.1% year-on-year, with Beijing and Shanghai recording year-on-year growth for seven consecutive months. Cao Jingjing, General Manager of the Index Research Department at the China Index Academy, commented that the '8·28' policy adjustment has had a relatively limited direct impact on the recent supply pace. She stated that future market performance will still depend on the release of demand and the intensity of project marketing efforts.
Read sourceChina's New Home Sales in 30 Key Cities Edge Up 1.4% in First 20 Days of September
According to data from the China Index Academy (CIA), new home sales in 30 key Chinese cities rose by a marginal 1.4% year-on-year during the first 20 days of September. First-tier cities continued to show growth, but the recovery remains concentrated in high-quality urban areas and projects, highlighting a persistent structural divergence in the market. In the secondary market, existing home sales in 20 key cities increased by 13.1% year-on-year, with Beijing and Shanghai recording seven consecutive months of year-on-year growth. Cao Jingjing, General Manager of the CIA Index Research Department, stated that the August 28 policy adjustment has had a relatively limited direct impact on the recent supply pace. She added that future market performance will depend on demand release and project marketing efforts.
China's September Home Sales: Secondary Market Grows, New Home Sales Edge Up
According to a report by the China Index Academy (CIA), China's property market in September (1-20) showed mixed results. New home sales in 30 key cities saw a slight year-on-year increase of 1.4%, driven by growth in first-tier cities like Beijing (+23%) and Shanghai (+22%), though the overall market remains in a bottoming-out phase with significant divergence between cities and projects. In contrast, the secondary housing market demonstrated stronger resilience, with transactions in 20 key cities rising 13.1% year-on-year. Beijing and Shanghai have recorded year-on-year growth for seven consecutive months. The CIA forecasts that the 'Golden September and Silver October' period will see continued structural recovery, with the secondary market likely to remain relatively active due to more flexible pricing and a wider selection of properties. The report also notes that land market transactions have contracted following the August 28 policy adjustments, with developers focusing on high-quality plots in core locations.
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China's 30-City New Home Sales Edge Up 1.4% in Sept 1-20, Structural Divergence Continues
According to data from the China Index Academy (中指研究院), from September 1 to 20, the transaction area of newly built commercial housing in 30 key Chinese cities increased by a marginal 1.4% year-on-year. First-tier cities continued to show growth, but the recovery remains concentrated in high-quality sectors and projects within core cities, indicating ongoing structural divergence. In contrast, second-hand home transaction volume in 20 key cities rose by 13.1% year-on-year, with Beijing and Shanghai recording seven consecutive months of year-on-year growth. Cao Jingjing, General Manager of the Index Research Department at the China Index Academy, commented that the '8·28 policy' (likely referring to a late-August policy adjustment) has had a relatively limited direct impact on the recent supply pace. She added that the market's future performance will depend on demand release and project marketing efforts.
Read sourceChina Index Academy: New Home Sales in 30 Key Cities Rose Slightly in Sept 1-20
According to data from the China Index Academy, from September 1 to 20, the sales area of newly built commercial housing in 30 key Chinese cities increased by 1.4% year-on-year. First-tier cities continued to show growth, but the recovery remains concentrated in high-quality sectors and projects in core cities, with structural divergence persisting. In 20 key cities, second-hand home sales volume rose 13.1% year-on-year, with Beijing and Shanghai recording seven consecutive months of year-on-year growth. Cao Jingjing, General Manager of the Index Research Department at the China Index Academy, stated that the August 28 policy adjustment has had a relatively limited direct impact on the recent supply pace, and future market performance will depend on demand release and project marketing efforts.
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