The Zhitong Finance App learned that Kerui Real Estate Research released an analysis report on the investment and land acquisition of Chinese real estate companies from January to October 2026. In October, the construction area of commercial land auctions nationwide was 147.755 million square meters, up 153.4% from the previous month, up 58.8%; the transaction amount was 420.97 billion yuan, up 106.5% from the previous month, up 73.2% year on year; the average transaction price was 2,850 yuan/square meter, down 18.5% from the previous month and 9.1% year on year. Looking ahead to the future market, the supply side is the key variable that determines the next trend. As the annual land supply plan enters the final stage, local governments may once again experience a centralized land promotion window in the fourth quarter to achieve the land concession revenue target at the end of the year, and monthly fluctuations in total supply will continue. However, the supply floor in October was drastically reduced by 80.5% month-on-month after the concentration of volume in September, which also reflects the wait-and-see mentality of local governments with insufficient willingness to “exchange price for volume” in the context of limited market carrying capacity. The actual recovery in the pace of land supply still needs to be observed.

The Zhitong Finance App learned that Kerui Real Estate Research released an analysis report on the investment and land acquisition of Chinese real estate companies from January to October 2026. In October, the construction area of commercial land auctions nationwide was 147.755 million square meters, up 153.4% from the previous month, up 58.8%; the transaction amount was 420.97 billion yuan, up 106.5% from the previous month, up 73.2% year on year; the average transaction price was 2,850 yuan/square meter, down 18.5% from the previous month and 9.1% year on year. Looking ahead to the future market, the supply side is the key variable that determines the next trend. As the annual land supply plan enters the final stage, local governments may once again experience a centralized land promotion window in the fourth quarter to achieve the land concession revenue target at the end of the year, and monthly fluctuations in total supply will continue. However, the supply floor in October was drastically reduced by 80.5% month-on-month after the concentration of volume in September, which also reflects the wait-and-see mentality of local governments with insufficient willingness to “exchange price for volume” in the context of limited market carrying capacity. The actual recovery in the pace of land supply still needs to be observed.