National Bureau of Statistics: In January-February, newly constructed commercial residential sales area was 92.93 million square meters, down 13.5% year-on-year.

MetaMuskRat · 2026-03-17T00:31:02+00:00

In January-February 2026, nationwide newly constructed commercial real estate sales area and sales amount both experienced significant declines, with year-over-year drops of 13.5% and 20.2% respectively. Residential sales also declined somewhat, while unsold commercial real estate inventory saw slight growth with a slowing growth rate.

MetaMuskRat

2026-03-17 00:31:02

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People’s Financial News, March 16 — The National Bureau of Statistics released the basic situation of the national real estate market for January and February 2026. During this period, the sales area of new commercial housing was 92.93 million square meters, down 13.5% year-on-year, with the decline widening by 4.8 percentage points compared to the previous year; residential sales area decreased by 15.9%. The sales revenue of new commercial housing was 818.6 billion yuan, down 20.2%, with the decline expanding by 7.6 percentage points; residential sales revenue fell by 21.8%. At the end of February, the area of commercial housing pending sale was 79.998 million square meters, a year-on-year increase of 0.1%, with the growth rate slowing by 1.5 percentage points compared to the end of 2025. Among them, the area of pending sales for less than 3 years was 60.616 million square meters, a decrease of 1.6%.

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