Falling property sales over the first five months of 2025 show how China’s economically important real estate market remained stuck in a slump this year despite signs of heat in the markets in higher-tier cities.
Cumulative sales of China’s top 100 property developers from January to May fell 7.1% year-on-year to 1.3 trillion yuan ($180.4 billion), accelerating from the 6.7% drop for the January-to-April period, according to figures published Saturday by China Real Estate Information Corp. (CRIC). The CRIC report measures sales from projects directly managed by the top 100 developers, excluding projects including those run by external partners.