China's land sales decline further in 2024 as homebuilders remain cautious

Source: Mysteel Jan 02, 2025 12:00

China's land sales declined further in 2024 as the housing market struggled to achieve a fundamental recovery, leaving property developers cautious about acquiring new land.

As of December 29, total land transaction volume across China's 300 major cities reached approximately 1.38 billion square meters, representing a 16% year-on-year decline, according to data from China Index Academy, a leading real estate research firm. Separate data from real estate research firm CRIC indicated that, as of December