"In 1H/2025, first-hand commodity housing transactions in the Primary Ring increased by 10.6%, reaching 3.29 million sq m. This surge, driven by strong demand and rapid inventory reduction, pushed the average price up by 6.5% YoY. Meanwhile, the land market in this area remained active, while the Secondary Ring faced price pressure."

"Chengdu’s first-hand residential market experienced supply declines in Q1/2025, down 21.8% in the main urban areas and 19.9% in the suburbs. On the demand side, the first-hand residential market in the main urban area saw an increase in both transaction volume and transaction price."

"In 2024, Chengdu’s first-hand residential market saw declines in supply and sales volumes, but the prices increased in the main urban areas. Due to the continued contraction in the supply, residential land transactions decreased, but prices steadily picked up in urban areas."

"Chengdu’s first-hand residential market saw a decline in supply and sales in 1H/2024, but the average transaction price remained stable. Chengdu’s land market turnover declined sharply, while the average land price in the main urban areas increased in contrast to those with significant decline in the suburbs."