China's land market diverges: core cities drive up prices amid nationwide supply cutbacks

Source: Mysteel Jun 05, 2025 12:00

China's land market is undergoing structural changes, with residential land transactions increasingly concentrated in hotspot cities, pushing up both floor prices and total transaction value.

During the first five months of 2025, a total of 2,381 residential land parcels were sold across 330 cities in China, a year-on-year drop of 28.5%. However, the total planned construction area reached 133 million square meters, down only 8.1%, and the total transaction value rose by 12.1% to