CRIC Real Estate Research: October saw a surge in residential land transactions across 50 cities, but average prices declined, with the average premium rate dropping to 1.01%.

Zhito Finance APP has learned that CRIC Real Estate Research has published an article stating that in October 2026, the land market exhibited the operating characteristics of "shrinking supply, expanded transaction volume, and a sharp drop in heat": after concentrated land launches in September, the supply side fell back rapidly, while the transaction side delivered expanded volume, but the average transaction price fell significantly, and overall market heat dropped to a phased low. According to CRIC data, in that month, the supply of residential-related land in 50 key cities was 9.4447 million square meters of gross floor area, down 61.5% year on year and down 80.5% month on month; transaction gross floor area was 18.0755 million square meters, up 21.3% year on year and up 26.7% month on month; total transaction value was RMB 102.334 billion, down 0.5% year on year and down 15.0% month on month; the average transaction price was RMB 5,662 per square meter, down 18.0% year on year and down 32.9% month on month; and the average premium rate fell to 1.01%, a sharp decline of 6.95 percentage points from September and a decrease of 2.19 percentage points from the same period last year.