中国地产：1 月房企销售额跌幅仍较大；预计一季度将进一步下滑-China Property-Developers‘ Sales Decline Remained Deep in January; We Expect Further Drop in 1Q

February 1, 2026 09:28 PM GMT China Property | Asia Pacific Developers' Sales Decline Remained Deep in January; We Expect Further Drop in 1Q CRIC data show that contracted sales for the 25 major developers we track fell 32% y-y on average in January despite a low base due to the CNY calendar effect. We expect a further decline for 1Q owing to fragile buyer sentiment, increased inventory, a reactive policy rollout and a high base. Developers' sales decline remained deep in January: Top 50 and top 100 develop ...