百强房企前三季度卖房总额2.6万亿

Core Viewpoint - The traditional real estate market in September 2025 showed signs of slight recovery, with major developers experiencing a month-on-month increase in sales, although overall sales for the first nine months still declined compared to the previous year [3][5]. Sales Performance - In the first nine months of 2025, the total sales of the top 100 real estate companies reached 26,065.9 billion yuan, a year-on-year decrease of 12.2%, but the decline narrowed by 1.1 percentage points compared to the previous month [3]. - In September alone, the sales of these companies increased by 11.9% month-on-month, indicating a slight recovery during the "Golden September" period [3]. - The top five companies by sales in the first nine months were Poly Developments (201.7 billion yuan), Greentown China (178.5 billion yuan), China Overseas Property (170.5 billion yuan), China Resources Land (154.4 billion yuan), and China Merchants Shekou (140.6 billion yuan) [3]. Market Dynamics - In September 2025, 72 of the top 100 real estate companies reported month-on-month growth, with 45 companies showing increases greater than 30% [5]. - The new housing market saw a steady recovery in supply and demand, with a 55% increase in supply across 30 monitored cities, reaching the second-highest level of the year [5]. - Major cities like Beijing, Shanghai, and Shenzhen benefited from policy relaxations in August and September, leading to a month-on-month increase in transaction volumes [5]. Future Outlook - The short-term outlook suggests that policies will maintain a loose stance, focusing on stabilizing the market and accelerating the implementation of existing measures [6]. - Core cities are expected to see a mild improvement in new housing supply, providing some support to the market, although many cities will have limited new projects, leading to continued market differentiation [6].