China Index Research Institute: In January-August, the number of newly renovated properties opened in key cities was 400, a year-on-year decrease of 28.1%
The Zhitong Finance App learned that the China Index Research Institute released an update on the real estate home furnishing market for August 2026. According to China Index Data Home Edition monitoring, from January to August 2026, the number of newly renovated properties opened in key cities was 400, a year-on-year decrease of 28.1%; the number of refurbished housing units was 222,000, a sharp decrease of 33.9% over the previous year. Among them, the number of units opened in August was 54, down 11.5% year on year, up 17.4% month on month; the number of renovated housing units was 24,000, down 34.8% year on year.
Data source: China Index Data CREIS Home Edition
Second-tier cities account for the largest share of refined housing, accounting for 45.3%; judging from the regional distribution, they are mainly concentrated in South China and East China regions, accounting for 37.7% and 27.2%, respectively.
Data source: China Index Data CREIS Home Edition
Looking at the distribution of specific cities, Shenzhen sold the most hardcover units in January-August, with 19,800 units. This was followed by Beijing and Chengdu, which both sold more than 17,000 hardcover units. The average number of hardcover units in the top 10 cities is 13,339.
Data source: Middle Index Data CREIS
Looking at the price segment distribution, the 20,000 to 30,000 yuan price segment accounted for the highest share, accounting for 21.75%, an increase of 0.5 percentage points over the previous month; followed by 50,000 yuan or more and 20,000 yuan, accounting for 20.31% and 18.07%, respectively, down 0.3 percentage points from the previous month; most of the decoration standards were mid-range decoration, accounting for 64.3%, a slight increase of 0.22 percentage points over the previous month.
Data source: China Index Data CREIS Home Edition
The average hardcover rate for residential hardcover properties in January-August was 25.3%, down 2.6 percentage points from the previous year
From January to August 2026, the average hardcover rate of renovated residential properties in key cities was 25.3%, down 2.6 percentage points from the same period last year. Among them, the average hardcover rates for first-tier cities, second-tier cities, and third-tier and fourth-tier cities were 88.1%, 29.1%, and 11.1%, respectively, down 0.24 from the same period last year, down 4.75, or 1.58 percentage points. South China has the highest average hardcover rate of 49.2%.
Data source: China Index Data CREIS Home Edition
From January to August 2026, companies such as Guomao Real Estate and Xiangyu Real Estate had the highest opening rate of commercial residential properties, all reaching 100%; Poly Development had the highest number of refurbished properties, reaching 13,468 units, followed by C&D Real Estate and China Jinmao, with 10093 and 7956 units respectively.
Data source: China Index Data CREIS Home Edition
Hardcover parts: The overall supporting scale decreased by 33% year-on-year, and the average supporting rate of key enterprises reached 50.1%
From January to August 2026, the overall supporting scale of the seven major household components dropped sharply by 33.2% over the same period last year. Among them, the highest supporting volume was building materials parts, which reached 4.869 million sets, a year-on-year decrease of 34.1%; judging from the support rate situation, building materials parts had the highest support rate, reaching 99.4%, followed by bathroom parts, with a support rate of 92.3%; comfort systems and smart home support rates were lower, at 31.7% and 31.8%, respectively.
Data source: China Index Data CREIS Home Edition
From January to August 2026, most of the market size of various types of decoration parts declined year-on-year. With the exception of air conditioners and fresh air systems, which increased by 12.3% and 24.5%, respectively, the number of parts supplied for dishwashers, water purifiers, and bathtubs decreased by less than 20% year on year; the scale of components such as disinfectants, shower screens, and video intercoms dropped sharply year on year, all by more than 50%.
Data source: China Index Data CREIS Home Edition
The supporting rate of dishwashers, fresh air systems, etc. increased dramatically by more than 10 percentage points, and the supporting rate of video intercoms and shower screens dropped sharply
From January to August 2026, the supporting rate of dishwashers, electric ovens, bathtubs, ventilation systems, air conditioners, and intelligent systems all increased dramatically by more than 10 percentage points; the supporting rate for components such as latex paint and water purifiers increased slightly; and the supporting rate for a few components, including video intercoms and shower screens, dropped by more than 10 percentage points.
Data source: China Index Data CREIS Home Edition
Poly develops the largest support scale for hardcover parts, with an average support rate of 50.1% for key monitoring companies
Looking at the parts support situation of development companies, from January to August 2026, Poly Development had the highest supporting volume of hardcover parts, with 41,600 sets, followed by China's Jinmao and Zhonghai Real Estate, with a supporting volume of over 31,000 sets; judging from the supporting rate, the average supporting rate of key enterprises monitored was 50.1%. Among them, Pudong Development Group and China Construction Bureau had the highest supporting rate, both 70.8%, followed by Guomao Real Estate and Xiangyu Real Estate, with a supporting rate of 68.8%.
Data source: China Index Data CREIS Home Edition