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.
The share of second-hand home transactions in total housing transactions rose from 27 percent in 2020 to 46 percent in 2025, and 52 percent in the first eight months of this year, said Zhang Xuetao, an official with the Ministry of Housing and Urban-Rural Development, at a press conference.
A share exceeding 50 percent marks the property market’s transition into the new phase, according to Zhang.
Reference Link:- https://english.news.cn/20260918/878d6662786d4f67bf8871a1f447ca3f/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
