China's top 100 property developers' sales rise in Sept

In September 2025, China's top 100 real estate developers saw both year-on-year and month-on-month growth in sales, driven by eased housing purchase restrictions in core cities and seasonal Golden September effects. However, during the National Day and Mid-Autumn holidays over October 1-8, new home transactions failed to match the same period last year, indicating that broader market recovery remains uneven.

Since August 2025, Beijing, Shanghai and Shenzhen have lifted housing purchase restrictions in peripheral areas, creating a favorable policy environment for a "Golden September and Silver October" in the housing market. During the October holiday period, the real estate markets in these three first-tier cities showed positive performance, indicating that