Key facts
- Beijing's residential land sales revenue decreased by 66% in the first half of 2026.
- A total of 21 residential plots were sold in Beijing during the first half of the year.
- The total revenue from these sales amounted to 34 billion yuan ($5 billion).
- Developers are increasingly focusing on secure, high-quality land parcels in major cities.
Beijing's residential land sales revenue experienced a significant decline of 66% in the first half of 2026. During this period, 21 residential plots were sold for a total of 34 billion yuan ($5 billion), according to data from the China Index Academy. This sharp decrease underscores a broader trend within China's property sector, where developers, grappling with a prolonged industry downturn, are shifting their strategies. Instead of pursuing aggressive expansion, they are now concentrating their efforts on securing a limited number of safe, high-quality land parcels located in the core areas of major cities.