Published on: 2026-09-18
Source: People’s Republic of China — Translation
An important disclaimer is at the bottom of this article.
Beijing, September 18 /Xinhua/ — China’s real estate market has undergone significant changes in supply and demand and has entered a new phase where increasing attention is paid to the existing housing stock, said Zhang Xuetao, an official of the Ministry of Housing and Urban-Rural Development of China, on Friday.
The share of transactions in the secondary market in the total volume of real estate transactions increased from 27 percent in 2020 to 46 percent in 2025 and to 52 percent based on the results of the first eight months of this year, he reported at the press conference.
According to him, a share exceeding 50 percent indicates the real estate market entering a new phase.
Please be advised; This information is raw content obtained directly from the information source. It constitutes an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.