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<CN Home>Cushman & Wakefield: CN Property Mkt Didn't Reverse Overall Price Pullback Trend Last Yr, But This Yr Will See Consolidation Phase
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Cushman & Wakefield has released a research report on China's national residential market in 2025. Looking ahead to 2026, local governments are continuing to introduce policies to ease restrictions, while the development of major industries in the Greater Bay Area (GBA) is becoming more mature, said Alva To, Cushman & Wakefield's Vice President, Greater China and Head of Consulting, Greater China. The stabilizing economic foundation and rapidly developing transportation and infrastructure can attract more talent to engage in emerging industries, stimulating demand for residential properties. Accordingly, To believes the residential market will enter a consolidation phase in 2026. Looking back to 2025, the sales area of newly built commercial residential properties across China continued the downtrend since 2022, reaching 732.99 million square meters, down 9.2% YoY. In 4Q25, the national new home transaction volume was only 182 million square meters, 1.3% and 8.3% lower than that in 1Q and 2Q, though it was 9.2% higher compared to 3Q. The market transactions cooled significantly in 2H25. The average sales price of newly built commercial residential properties across China slipped by 4% YoY to RMB10,005 per square meter. Even though many projects had sales prices above the market average and achieved good sales results, the positive impact on local residential market confidence still failed to reverse the overall price pullback trend. The total sales area of newly built commercial residential properties and second-hand residential properties in 24 key cities shrank by 9.3% YoY to 305.7 million square meters last year, with new and second-hand residential properties decreasing by 22.6% and 1.3%, respectively. In the absence of strong incremental policy stimulus, the second-hand residential market performed relatively steadily, reflecting the significant potential demand in the housing market of key cities. AAStocks Financial News |
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