According to the latest data from China’s National Bureau of Statistics, national commercial housing sales reached RMB 8.39 trillion in 2025. This figure reflects a gradual stabilization of China’s real estate market following years of adjustment. Although still below historical peaks, sales have shown modest recovery compared to 2024, driven by supportive government policies, improved credit conditions, and gradually restoring buyer confidence. Regionally, first-tier cities and select strong second-tier cities demonstrated relatively stable performance, while third- and fourth-tier cities continue to grapple with inventory reduction. Additionally, initiatives such as affordable housing construction and ‘trade-in’ programs for older properties have provided further support to overall sales. Overall, the RMB 8.39 trillion sales volume signals that the real estate sector is transitioning from a deep correction phase toward a more stable development stage, with future growth increasingly focused on high-quality development and optimized supply-demand dynamics.
根据国家统计局最新数据，2025年全国商品房销售额达到8.39万亿元人民币。这一数字反映出中国房地产市场在经历多年调整后逐步企稳的态势。尽管与历史高点相比仍有一定差距，但相较于2024年，销售额实现了温和回升，显示出政策支持、信贷环境改善以及购房者信心逐步恢复的积极影响。从区域来看，一线和部分强二线城市表现相对稳健，而三四线城市仍在去库存阶段。此外，保障性住房建设和‘以旧换新’等政策也在一定程度上支撑了整体销售表现。总体而言，8.39万亿元的销售额表明房地产行业正从深度调整期向平稳发展阶段过渡，未来市场将更加注重高质量发展与供需结构优化。
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