National Bureau of Statistics: From January to February, the national real estate development investment was 961.2 billion yuan, a year-on-year decrease of 11.1%.

On March 16, the National Bureau of Statistics released data showing that from January to February, the total investment in real estate development in China was 961.2 billion yuan, a year-on-year decrease of 11.1% (calculated using comparable data), with a decrease of 6.1 percentage points narrower than the full year of the previous year; of which residential investment was 728.2 billion yuan, a decrease of 10.7%, with a decrease of 5.6 percentage points narrower. In January and February, the construction area of houses by real estate development enterprises in China was 5,353.72 million square meters, a decrease of 11.7% year-on-year. Among them, the construction area of residential buildings was 3,713.47 million square meters, a decrease of 11.9%. The newly started construction area of houses was 50.84 million square meters, a decrease of 23.1%. Among them, the newly started construction area of residential buildings was 36.95 million square meters, a decrease of 23.3%. The completed construction area of houses was 63.2 million square meters, a decrease of 27.9%. Among them, the completed construction area of residential buildings was 46.25 million square meters, a decrease of 26.9%. Original text: National Real Estate Market Basic Situation in January-February 2026 I. Completion of Real Estate Development Investment From January to February, the total investment in real estate development in China was 961.2 billion yuan, a year-on-year decrease of 11.1% (calculated using comparable data), with a decrease of 6.1 percentage points narrower than the full year of the previous year; of which residential investment was 728.2 billion yuan, a decrease of 10.7%, with a decrease of 5.6 percentage points narrower. From January to February, the construction area of houses by real estate development enterprises in China was 5,353.72 million square meters, a decrease of 11.7% year-on-year. Among them, the construction area of residential buildings was 3,713.47 million square meters, a decrease of 11.9%. The newly started construction area of houses was 50.84 million square meters, a decrease of 23.1%. Among them, the newly started construction area of residential buildings was 36.95 million square meters, a decrease of 23.3%. The completed construction area of houses was 63.2 million square meters, a decrease of 27.9%. Among them, the completed construction area of residential buildings was 46.25 million square meters, a decrease of 26.9%. II. Sales and Unsold Situation of Newly Built Commercial Housing From January to February, the sales area of newly built commercial housing was 92.93 million square meters, a decrease of 13.5% year-on-year, with a decrease of 4.8 percentage points wider than the full year of the previous year; of which the sales area of residential buildings decreased by 15.9%. The sales revenue of newly built commercial housing was 818.6 billion yuan, a decrease of 20.2%, with a decrease of 7.6 percentage points wider; of which the sales revenue of residential buildings decreased by 21.8%. At the end of February, the unsold area of commercial housing was 799.98 million square meters, a year-on-year increase of 0.1%, with a decrease of 1.5 percentage points from the end of 2025. Among them, the area of unsold housing for less than 3 years was 60.616 million square meters, a decrease of 1.6%. III. Situation of Funds in Place for Real Estate Development Enterprises From January to February, the funds in place for real estate development enterprises were 1304.7 billion yuan, a year-on-year decrease of 16.5%. Among them, domestic loans were 257.0 billion yuan, a decrease of 13.9%; self-raised funds were 493.9 billion yuan, a decrease of 5.9%; deposits and prepayments were 358.9 billion yuan, a decrease of 21.5%; personal mortgage loans were 112.8 billion yuan, a decrease of 41.9%. This article is selected from the official website of the National Bureau of Statistics; edited by Chen Xiaoyi.