MNI BRIEF: China New Housing Supply Down 19% Y/Y In 2025

China’s 28 major cities are expected to add 5.68 million square meters of new commercial housing supply in December, a 12% decline from the previous month, with full-year 2025 supply projected to fall 19% from a year earlier, according to a report released Thursday by research firm CRIC.

The report said developers’ year-end discount campaigns are likely to trigger a short-term rebound in new-home sales in December. However, because of last year’s high comparison base, the annual contraction in sales may continue to widen.

China’s banks will accelerate the disposal of foreclosed property to free up capital and hedge risks from further house-price declines, economists and analysts recently told MNI. (See MNI: China's Lower Home Prices To Pressure Bank)