According to data from the National Bureau of Statistics, China's national real estate development investment from January to August 2026 was 4.7979 trillion yuan, a year-on-year decrease of 19.9%; of which residential investment decreased by 19.7%. During the same period, new housing starts decreased by 24.8% year-on-year, sales of new commercial housing decreased by 12.1% in terms of area, and sales value decreased by 13.0%. In addition, funds available to real estate development enterprises decreased by 21.0% year-on-year. It is worth noting that the area of pre-owned home transactions signed online increased by 10.6% year-on-year.