China Index Academy data show full-caliber sales for the top-100 developers
totaled CNY2.537tn Jan–Oct; October single-month sales were about CNY277.3bn, up
from CNY213.3bn in August and CNY242.1bn in September. Liu Shui, head of
corporate research at China Index Academy, said 9/29 mortgage interest-subsidy
measures and concentrated developer promotions, together with a low year-ago
base, boosted buying confidence, though sales performance remains uneven;
developers with ≥CNY100bn sales fell to six (down one YoY) and those with
≥CNY10bn fell to 58 from 100 in 2023. Transaction volumes: new-home sales in 50
key cities were ~11.41 mln sqm in October (MoM +4.5%, YoY -12.0%); second-hand
transactions in 20 key cities were ~14.61 mln sqm (MoM +3.0%, YoY +20.4%).
