China's property market enters new phase as second-hand home sales exceed 50%

China's property market is shifting toward existing housing, with second-hand homes accounting for 52% of transactions in the first eight months of 2026, an official said at a press conference Friday. Authorities will also advance reforms in project management, financing, and home sales as part of efforts to build a new model for the sector.

September 21, 2026

China adjusting select property market policies

China is stepping up efforts to adapt its housing policies to a property market increasingly dominated by existing homes, with the focus shifting from large-scale expansion toward upgrading housing stock, improving transaction rules and better meeting residents' changing housing needs.

September 20, 2026

China's property market sees major changes in supply and demand: Official

China's property market has seen major changes in supply and demand and entered a new phase increasingly centered on existing housing stock, an official said Friday.

September 18, 2026