Report: The overall stability trend of the real estate market continues in May, with real estate companies gearing up for a mid-year sprint in June and increasing marketing expectations.

On May 31, the CRIC Real Estate Research Center released a report on the TOP100 ranking of Chinese real estate enterprises' sales from January to May 2025. According to the report, in the first five months of this year, Poly Development ranked first with a sales volume of 116.11 billion yuan in terms of total sales amount, followed closely by China Overseas Land & Investment and China Resources Land with sales volumes of 90.38 billion yuan and 86.85 billion yuan respectively. Among the top ten, only Binjiang Group, a private real estate enterprise, had a sales volume of approximately 43.36 billion yuan, ranking ninth. The report stated that in May, the overall real estate market continued to stabilize, new housing supply significantly decreased, but transactions were basically flat compared to April, with a year-on-year positive growth, and the sales rate of newly opened projects continued to fluctuate at a high level like in previous periods, with hot spots such as Beijing, Shanghai, and Shenzhen remaining hot. The growth momentum of second-hand housing transactions significantly slowed down, with first-tier cities showing relatively strong resilience, while differentiation in second and third-tier cities intensified. Predicting for June, CRIC believes that real estate enterprises will make a final push mid-year, with intensified marketing expectations and the introduction of suitable projects into the market under the optimized supply structure, expected to drive the total transaction volume to continue steadily recover, with a month-on-month increase and a stable or slight decrease compared to last year, continuing the trend of weak recovery.