In the first half of 2026, the year-on-year growth of second-hand housing transactions in Beijing reached 5.7%, hitting the highest level in the same period in nearly five years.

In June 2026, the cumulative transaction area of newly - built commercial residential properties in Beijing reached 507,900 square meters, a month - on - month increase of 4.0% and a year - on - year decrease of 2.9%. The new housing market continued its moderate recovery trend. In June, 16,618 second - hand commercial residential properties were signed online in Beijing, a month - on - month increase of 4.0% and a year - on - year increase of 9.8%. In the first half of 2026, the cumulative transaction volume of second - hand commercial residential properties in Beijing reached 93,000 units, a year - on - year increase of 5.7%, and the transaction scale reached a new high for the same period in the past five years.

From January to June 2026, the total sales amount of commercial properties of the top 20 real - estate enterprises in Beijing was 157.85 billion yuan. The total sales area of commercial properties of the top 20 enterprises was 3.103 million square meters. The threshold values for the top 20 were 2.24 billion yuan and 63,000 square meters respectively. In terms of sales amount, China Overseas Property, Beijing Urban Construction Group, and China Resources Land ranked in the top three. Among them, China Overseas Property had a sales amount of 25.76 billion yuan, ranking first; Beijing Urban Construction Group had a sales amount of 14.64 billion yuan, ranking second; and China Resources Land had a sales amount of 12.85 billion yuan, ranking third.

From January to June 2026, the total equity sales amount of commercial properties of the top 20 real - estate enterprises in Beijing was 108.96 billion yuan, and the total equity sales area of commercial properties of the top 20 enterprises in terms of equity sales area was 2.076 million square meters. The thresholds for the top 20 in terms of equity sales amount and equity sales area were 1.58 billion yuan and 41,000 square meters respectively. China Overseas Property, China Resources Land, and Beijing Urban Construction Group ranked in the top three on the equity sales amount list, with equity sales amounts of 25.41 billion yuan, 10.79 billion yuan, and 9.86 billion yuan respectively.

From January to June 2026, the total sales amount of the top 10 commercial residential projects in Beijing was 32.2 billion yuan, and the sales area was 425,000 square meters. Beijing Runyuan, China Construction Canal Jiuyuan, and Longyue Haixu ranked in the top three. Among them, Beijing Runyuan had an online - signed sales amount of 5.58 billion yuan, ranking first; China Construction Canal Jiuyuan ranked second with an online - signed sales amount of 3.68 billion yuan; and Longyue Haixu project ranked third with an online - signed sales amount of 3.49 billion yuan.

New housing market: In June 2026, the cumulative transaction area of newly - built commercial residential properties in Beijing reached 507,900 square meters, a month - on - month increase of 4.0% and a year - on - year decrease of 2.9%. Overall, the new housing market in Beijing will continue its moderate recovery trend in the short term, but the market differentiation is obvious. High - quality new projects in the core areas have seen a "hot sales" phenomenon due to the improvement of product strength and faster de - stocking. However, the de - stocking of some new projects in non - core areas or with serious homogenization is still slow.

Chart: Monthly transaction scale of newly - built commercial residential properties in Beijing since 2023 (10,000 square meters)

Second - hand housing market: In June, 16,618 second - hand commercial residential properties were signed online in Beijing, a month - on - month increase of 4.0% and a year - on - year increase of 9.8%. In the first half of 2026, the cumulative transaction volume of second - hand commercial residential properties in Beijing reached 93,000 units, a year - on - year increase of 5.7%, and the transaction scale reached a new high for the same period in the past five years.

Chart: Transaction volume of second - hand commercial residential properties in Beijing in the first half of recent years

Residential land market: In June, 4 residential land parcels were transacted in Beijing, with a total planned construction area of 146,700 square meters and a floor price of 27,355 yuan per square meter. In terms of market heat, the residential land market this month showed a co - existence of "high heat" in the core areas and "coldness" in the outer suburbs. Among them, the premium rate of the Nankou of Jiukeshu in Tongzhou reached 20.95%, the highest premium in the first half of the year. The Qiaonan plot in Fengtai also attracted many real - estate enterprises to bid fiercely for multiple rounds, with a premium rate of 15.65%. In addition, two plots in Huangcun and Zhuxinzhuang were both transacted at the reserve price.

In the first half of 2026, a total of 21 residential - related land parcels were transacted in Beijing, with a total planned construction area of 1.2197 million square meters, a year - on - year decrease of 48%. The total land transfer fee was 34.011 billion yuan, a year - on - year decrease of 66%. The average premium rate was 3.55%, a decrease of 3.6 percentage points compared with the same period last year. Overall, the supply rhythm of residential - related land in Beijing in the first half of the year was relatively stable. Most of the land parcels were small in scale, and the overall transaction scale shrank significantly. The heat of land auctions was generally dull, and the land parcel differentiation was obvious. Among the 21 land parcels, 7 were transacted at a premium, among which 4 had a premium rate of over 10%, and the other 14 were transacted at the reserve price. Core land parcels such as the Nankou of Jiukeshu in Tongzhou, Taipingqiao, Puhuangyu, Qiaonan in Fengtai, and Yizhuang New City had relatively high heat. In addition, many core land parcels in Fengtai were also transacted after more than a hundred rounds of bidding, and real - estate enterprises still had sufficient willingness to acquire core high - quality land parcels. In contrast, land parcels in the outer suburbs such as Changping, Shunyi, Daxing, and far - flung areas like Huairou and Miyun were all transacted at the reserve price, and the regional heat differentiation was extremely prominent.

This article is from the WeChat official account "China Index Academy". Author: China Index Research. 36Kr is authorized to publish it.