Index Research Institute: The new construction area of commercial and office buildings nationwide from January to May decreased by 24.9% compared to the same period last year.

According to the Smart Financial APP, on July 4th, China Index Research Institute released the "2025 China Commercial Real Estate Development White Paper". From January to May 2025, investment, new construction, and sales of commercial and office buildings all continued to decline compared to the same period last year. Specifically, the total investment in commercial and office building development nationwide was 398.5 billion yuan, a year-on-year decrease of 10.9%, narrowing by 1.2 percentage points compared to the full year of 2024. The total new construction area was 20.49 million square meters, a decrease of 24.9% year-on-year, expanding by 0.3 percentage points compared to the full year of 2024. The total sales area was 28.6 million square meters, a decrease of 6.4% year-on-year, narrowing by 1.2 percentage points compared to the full year of 2024.