Real estate market investment and sales data for the first nine months of 2026 declined nationwide.

From January to September 2026, national real estate development investment dropped by 20.6% year-on-year. The area of newly started housing projects and completed housing projects both declined significantly. The sales area and sales value of commercial housing also decreased by 13.2% and 13.9% respectively.

Why it matters. The decline in real estate market investment and sales affects developers' cash flow and market expectations, which may impact the economy and related industrial chains.