Top 100 Real Estate Companies' Q1 Sales Down 23% Year-over-Year: How Substantial Is the "Mini Spring" in the Housing Market?(Includes Video)

2026-04-06 06:28:19

Abstract generation in progress

**【Caixin Net】**Starting in early 2026, secondary-home transactions in some core cities have been trending more active, but that momentum has not yet spread to the new-home market. Data released recently by the China Index Academy, as cited by market institutions, shows that in Q1, the TOP 100 property developers achieved total sales of 620.9 billion yuan, down about 23% year over year, and only about 20% of the figure in the same period of 2021.

According to the China Index Academy’s historical data, during the same period from 2021 to 2025, the TOP 100 property developers’ total sales were 3,078.0 billion yuan, 1,626.0 billion yuan, 1,759.0 billion yuan, 897.8 billion yuan, and 810.1 billion yuan, respectively. Over these five years, only the amount in Q1 of 2023 saw a modest year-over-year rebound. At that time, COVID-19 pandemic prevention and control measures had just shifted, and pent-up demand was released in a concentrated way at the beginning of 2023.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.