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Housing Ministry Official: Property Market Supply-Demand Dynamics Have Shifted, Second-Home Sales Exceed 50%
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At a State Council Information Office press conference on September 18, Zhang Xuetao, Director-General of the Real Estate Market Supervision Department at China's Ministry of Housing and Urban-Rural Development, stated that the real estate market is undergoing 'two major shifts.' First, there has been a significant change in the supply-demand relationship. Second, the sector has entered an era dominated by existing stock. He cited data showing the share of second-hand home transactions rose from 27% in 2020 to 46% in 2025, and reached 52% in the first eight months of this year. Exceeding the 50% threshold, he said, marks the official entry into the existing stock era. The remarks were part of the 'Starting and Launching the 15th Five-Year Plan' series of briefings.
Source report
Jin10 Data, September 18 — On September 18, the State Council Information Office held a press conference as part of its "Starting and Launching the '15th Five-Year Plan'" series.
Zhang Xuetao, Director-General of the Real Estate Market Supervision Department at the Ministry of Housing and Urban-Rural Development, stated at the press conference that the real estate market is currently experiencing "two major shifts":
- Shift 1: A significant change in the supply-demand relationship in the real estate market.
- Shift 2: The real estate sector has entered an era dominated by existing stock.
According to the data presented, the share of second-hand home transactions has risen sharply:
- 2020: 27%
- 2025: 46%
- First eight months of this year: 52%
Exceeding the 50% threshold marks the official entry into the era of existing stock.
(Source: Xinhua News Agency)
Source
金十数据Eastern
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China Housing Ministry Declares Real Estate Market Entered Existing-Home Era as Stocks Surge