Shanghai, Beijing, and Hangzhou sold land throughout the year, with total revenue exceeding one trillion.

As of December 26th, the top ten cities in terms of total transaction price of residential land sold nationwide include Shanghai, Beijing, Hangzhou, Chengdu, Nanjing, Nantong, Wuhan, Suzhou, Guangzhou, and Xi'an, among which only Shanghai, Beijing, and Hangzhou have surpassed one trillion yuan in total transaction price. Therefore, "who is the top city in land sales this year" depends on the statistical method. Looking only at public bidding, Beijing completed a comeback in the last week of 2025, narrowly beating Shanghai and Hangzhou; if including the full scope of agreements and selected transactions, Shanghai then holds the top spot through another statistic.