According to data released by the National Bureau of Statistics: In 2025, the completed real estate development investment in China was 82788 billion yuan, a decrease of 17.2% compared to the previous year. At the same time, the sales area of newly built commercial housing fell by 8.7% year-on-year, and the sales amount of newly built commercial housing decreased by 12.6%; while the funds in place for real estate development enterprises decreased by 13.4% year-on-year.

To facilitate everyone's reference, I have organized a trend chart 👇

From the chart, you can clearly see that the real estate development investment in 2025 has returned to the level of 2013.