Recently, official reports on the real estate market in mainland China have frequently conveyed signals of “stabilization in the property market.” Apart from official statistics, some Beijing self-media bloggers have been discussing the trends in housing prices and the current status of the real estate industry, drawing attention from the market.
According to the data released by the National Bureau of Statistics of the Communist Party of China on January 19, the housing price index for newly-built commercial residential properties in Beijing in December 2025 showed a month-on-month decrease of 0.4% with a index of 99.6, and a year-on-year decrease of 2.4% with an index of 97.6; While the resale housing price index showed a month-on-month decrease of 1.3% with an index of 98.7, and a year-on-year decrease of 8.5% with an index of 91.5.
From the official statistical perspective, housing prices in Beijing are still in a downward adjustment channel, but transaction volumes have shown a phased recovery after policy optimization.
Zhang Bo, the director of the 58 Anjuke Research Institute, stated that the overall housing market for both new and resale properties still exhibits the characteristic of “trading volume for price.” He mentioned that based on the data from 70 cities, the trend of landlords proactively lowering prices to facilitate transactions continues.
On the transaction side, according to statistics from the Beijing Lianjia Research Institute based on data from the Beijing Municipal Commission of Housing and Urban-Rural Development, in December 2025, the number of signed contracts for resale residential properties in Beijing was 17,200, representing an increase of 19.1% compared to the previous month, but a decrease of 20.2% year-on-year. Market institutions and media generally interpret this as a phased warming under the backdrop of “trading volume for price.”
Recently, several self-media bloggers have been discussing the decline in Beijing housing prices and the pressures faced by the real estate industry on short video platforms. These bloggers generally believe that the price index of 70 cities reflects the overall trend of price changes, which does not necessarily equate to the listing price or actual transaction price of specific properties; Properties with significantly lower prices are often associated with factors such as older age, weaker unit types and floor conditions, or special transaction conditions like auctions.
“Beijing Kanyè”, who moved from Beijing to Spain, stated on January 20 that the housing prices in Chaoyang District of Beijing have dropped to less than 10,000 yuan per square meter, and even the Financial Street within the Second Ring Road is experiencing a sharp decline, with price reductions in Beijing now ranging from 30% to 50%.
Using examples from areas like Chaoyang, Asian Games Village, and Hongmiao, “Beijing Kanyè” mentioned finding information on properties with prices dropping to “10,000 to 20,000 yuan per square meter,” and highlighted a case of a one-bedroom apartment on “Leopard Street” in Xicheng that decreased from around 7.79 million yuan to about 5.05 million yuan within two years.
Regarding the “10,000 to 20,000 yuan per square meter” properties in the core areas mentioned by “Beijing Kanyè,” industry insiders generally believe there is a need to differentiate the nature of the properties and transaction conditions.
On the other hand, Beijing’s financial blogger “Uncertain Cola Pancake” delves into the forecasted losses of real estate enterprises and the liquidation of high-end assets, indicating that the industry is still in a period of deep adjustment. He pointed out the anticipated losses and asset devaluation pressures faced by several real estate companies. Using the example of Greenland Holdings, the company’s announcement revealed an expected net loss of between -19 billion yuan and -16 billion yuan for the year 2025, attributing this to provisions for inventory impairment, reduced scale of turnover, and margin pressure.
Meanwhile, the liquidity of high-end properties and quality assets is also being put to the test. According to a report by Economic Observer, on January 16, 120 units of apartments and over 200 underground parking spaces at Sanquan Apartments located at 38 Maizidian Street in Chaoyang District of Beijing were put up for auction on the Alibaba asset platform, but the event ended in no bids.
Sanquan Apartments are situated in the Liangmaqiao area of Beijing, surrounded by embassy districts. According to the official introduction of Sanquan Apartments, the residents are mainly from Europe, America, and Japan, including representatives and executives of multinational companies stationed in China.
Sanquan Apartments have been in existence for over 20 years now. As reported on Beike, the listing prices for second-hand properties ranged from 62,000 yuan to 78,000 yuan per square meter, and a total of 3 second-hand properties were sold in 2025.
As we enter 2026, the statements at the policy level regarding the expectation of stabilizing the real estate market have become more defined. On January 1, the magazine “Seeking Truth” published an article by a special commentator titled “Improving and Stabilizing Expectations in the Real Estate Market,” which has stirred widespread attention within the industry. The main reason for this is the series of terms used in the article concerning real estate, marking a noticeable shift in policy direction compared to before. For the first time, the official statement characterized the change in real estate as a “significant decline.” The article also repositioned “stabilizing the real estate market” as a priority in expectation management.
The article also mentioned preparing for the bankruptcy of individual real estate companies – as the debt of real estate companies remains high, the possibility of individual companies facing bankruptcy and restructuring cannot be ruled out, necessitating proactive measures for contingency planning.
Insiders pointed out that “Seeking Truth,” as a publication of a central government institution, is generally regarded as an authoritative interpretation of the central government’s policy intentions when it publishes articles by “special commentators.” Given the aforementioned reevaluation, the subsequent direction of real estate policies will continue to revolve around stabilizing expectations and shortening the adjustment period.