Cushman & Wakefield: The enthusiasm of real estate developers in pushing out new properties in November has slightly increased, with the monthly supply in Guangzhou doubling compared to the previous month.

According to the Wisdom Financial APP, Ke Rui Real Estate Research released the "November 2025 China Real Estate Market Analysis Monthly Report." The data shows that in November, the enthusiasm of real estate companies to launch new projects has slightly increased, with an expected new supply of 6.69 million square meters in 30 key cities in November, representing a 16% increase compared to the previous month. Among the first-tier cities, Guangzhou saw a temporary surge in supply, doubling compared to the previous month. The overall expected supply area in the four first-tier cities is 1.49 million square meters, representing a 23% increase compared to the previous month. Guangzhou alone had a supply of 610,000 square meters, doubling compared to the previous month and a 4% increase compared to the same period last year. Second and third-tier cities saw a 14% increase compared to the previous month, mainly benefiting from concentrated supply in cities such as Xi'an, Suzhou, Dongguan, and Changzhou.