China Index Academy: In January-October, the total land acquisition value of 100 real estate enterprises fell 17.5% year-on-year, with the decline narrowing by 3 percentage points compared with January-September.

Zhitong Finance APP has learned that the China Index Academy stated in a report that after the new policy, the decline in land acquisition amounts by real estate enterprises narrowed slightly. From January to October 2026, the total land acquisition amount by 100 real estate enterprises decreased by 17.5% year-on-year, with the decline narrowing by 3 percentage points compared with January to September. The number of land acquisitions by local state-owned capital increased somewhat. From September to October, there were 33 enterprises with land acquisition amounts of over 2 billion yuan, of which 22 were local state-owned capital, accounting for 66.7%. Some private real estate enterprises with deep regional focus are also actively acquiring land, with newly added land also located in advantageous regions. Affected by the large amount of land supply in tier-3 and tier-4 cities, local state-owned capital is actively acquiring land in tier-3 and tier-4 cities, and the number of plots sold at the reserve price increased, with the average premium rate for plots in tier-3 and tier-4 cities at only 0.8%. Real estate enterprises tend to favor small- and medium-sized plots with controllable total prices. Plots of 50,000 to 100,000 square meters accounted for the largest share of transactions, at 53%.