Middle Finger Research Institute: The total amount of land acquired by key real estate companies in the first half of the year decreased by 33.7% year-on-year.

The China Real Estate Research Institute pointed out that in the first half of 2026, the total land acquisition amount of 100 real estate companies was 336.0 billion yuan, a year-on-year decrease of 33.7%, with a decrease of 6.8 percentage points from the previous month. The heat in core cities such as Beijing and Shanghai continues, and since May, the effects of new policies in Shenzhen have been significant. Sales of real estate companies have also shown marginal improvement. Under the drive of sales performance and market heat, the year-on-year decrease in land acquisition amount has narrowed for four consecutive months. In the first half of 2026, the total value of newly added products of 100 real estate companies decreased by 33.4% year-on-year, with a narrower decrease compared to the period from January to May. This is mainly due to the high intensity of land auctions in core cities in June, with Yuexiu Real Estate, China Resources Land, and Poly Development ranking in the top three.