China Index Academy: New Policies Prolong Capital Occupation Cycle; Top 100 Real Estate Developers' Total Land Acquisition Fell 20.5% in First Nine Months

Zhitong Finance APP has learned that the China Index Academy has published an article stating that under the influence of the new policy, real estate enterprises are cautious about investment in land acquisition, and the total scale of land acquisition has declined. According to data from the China Index Academy, from January to September 2026, the total land acquisition amount of 100 real estate enterprises was 578.5 billion yuan, a year-on-year decrease of 20.5%. After the decline narrowed for six consecutive months, the decline widened again by 2.7 percentage points. On August 28, the Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources, and the National Financial Regulatory Administration jointly issued a new policy to reform and improve the systems for real estate development, financing, and sales, clearly specifying that newly transferred land projects shall prioritize the implementation of completed-home sales, and the pre-sale threshold shall be raised to the completion of the main structure.