Institutions: October land auctions show strong "autumn chill," average premium rate in 300 cities falls to a low for the year.

The latest data from the China Index Academy shows that from January to October 2026, the total land acquisition by 100 real estate enterprises amounted to 64.65 billion yuan, a year-on-year decrease of 17.5%, with the decline narrowing by 3 percentage points compared with January to September. In terms of land acquisition amount attributable to equity, China Resources Land ranked first with 71.1 billion yuan, Poly Developments and Holdings ranked second with 69.6 billion yuan, and China Overseas Land & Investment ranked third with 44.4 billion yuan. In addition, the land acquisition amounts of C&D Real Estate, China Merchants Shekou, Yuexiu Property, Greentown China, China Jinmao, and Binjiang Group in the first ten months were 37.2 billion yuan, 35.6 billion yuan, 32.7 billion yuan, 26.6 billion yuan, 24.3 billion yuan, and 18.3 billion yuan, respectively.