China's Property Sector Faces Continued Downturn

Investment Decline Accelerates

China's property investment experienced a significant decline of 15.9% year-on-year through November 2025 ¹

, representing a deeper contraction compared to the 14.7% drop recorded in the January-October period ¹

Source 1

https://internasional.kontan.co.id/news/investasi-properti-china-anjlok-159-hingga-november-2925

. This continued downward trend indicates that the sector remains under considerable pressure despite various government stimulus measures aimed at stabilization.

Housing Prices Continue to Fall Across City Tiers

The decline in China's property sector is further reflected in housing prices, with new home prices falling by 0.4% month-on-month in November 2025 ²

. While this represents a slightly more moderate decline compared to the 0.5% drop in October ²

Source 2

https://internasional.kontan.co.id/news/krisis-properti-china-berlanjut-harga-rumah-turun-di-semua-tier-kota-di-november

, it demonstrates that housing prices are still under pressure across all city tiers. The persistence of price drops suggests that demand recovery remains elusive despite government efforts to stabilize the housing market.

Challenges Ahead for Property Sector Recovery

The ongoing challenges in China's property sector have significant implications for the broader economy. The continued decline in investment and housing prices indicates that the sector's recovery is likely to be prolonged. Government stimulus measures have yet to yield substantial results, suggesting that further policy support may be necessary to stabilize the market.