A large number of properties in Beijing are being sold in a centralized manner by state-owned and central enterprises.

On November 18th, a property on the 18th floor of Building 2, Haojing Jiayuan, Haidian District, Beijing was listed for sale on the Beijing Property Exchange.

This 128.9-square-meter property has a base transfer price of 9.929 million yuan, with an average unit price of approximately 77,000 yuan per square meter.

On the Lianjia website, there are currently 5 residential properties listed for sale in Haojing Jiayuan, with unit prices ranging from 76,000 yuan to 101,000 yuan per square meter. One of the properties with the same area of 128.9 square meters is listed at 11 million yuan, with an average unit price of approximately 85,000 yuan per square meter.

The property listed for transfer on the Beijing Property Exchange is held by Beijing Jianji Real Estate Co., Ltd., whose major shareholder is Beijing Jingcheng Real Estate Co., Ltd., which belongs to Beijing state-owned assets.

Image source: Tianyancha

On the 18th, Jingcheng Real Estate listed 4 residential properties on the Beijing Property Exchange in one day, with a total price of approximately 30.64 million yuan.

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In addition to Jingcheng Real Estate, Huayuan Real Estate, Jingcheng Group, Huarong, and Beijing Chemical Industry Group, which also belong to Beijing state-owned assets, are also listing and transferring a large number of their properties.

According to an incomplete statistics by Future Habitat, within the first 20 days of November, state-owned enterprises in Beijing listed 20 properties on the Beijing Property Exchange, with a total amount of approximately 174 million yuan. Most of them are residential properties. The most expensive unit price is for the property at No. 166, Gulou West Street, listed by Huayuan Real Estate, reaching 130,100 yuan per square meter.

Data from the Beijing Property Exchange, charted by Future Habitat

The concentrated selling of properties by Beijing state-owned assets is not a recent phenomenon. State-owned assets started to sell a large number of their existing properties in the first half of this year. The main force in the first batch of property sales was real estate enterprises. After October, non-real estate state-owned enterprises such as Beijing Jingcheng Electromechanical Group, Tianjie Group, Beijing Chemical Industry Group, and Beijing Urban Drainage Group also joined the property-selling spree.

In addition, recently, central state-owned enterprises have also joined the concentrated property-selling trend. For example, since November, central state-owned enterprises such as CRRC, China National Machinery Industry Corporation, China Aerospace Science & Industry Corporation, and China General Nuclear Power Group have listed and transferred residential, apartment, and commercial properties in Beijing, with a total value of approximately 170 million yuan. In addition, two office buildings of COFCO are listed for overall transfer at 285 million yuan and 263 million yuan respectively.

Data from the Beijing Property Exchange, charted by Future Habitat

So far, state-owned enterprises, central state-owned enterprises, and banks have all joined the property-selling market, becoming an important selling force.

Within the first 21 days of November, the total base price of properties listed for transfer by state-owned and central state-owned enterprises on the Beijing Property Exchange has reached approximately 1.35 billion yuan. Among them, the total base price of residential and apartment assets for transfer is approximately 260 million yuan.

This is just the data for less than a month.

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Since the beginning of this year, a large number of state-owned and central state-owned enterprises have been concentrating on selling their real estate fixed assets in Beijing. In particular, some vacant or rented residential and apartment properties.

Among them, real estate enterprises are the main force in transferring existing properties.

In October this year, Tianheng Group, a state-owned enterprise in Xicheng District, Beijing, listed 21 residential properties on the Beijing Property Exchange at once, with a total base transfer price of approximately 77.95 million yuan;

Shoukai Group listed 12 residential properties, apartments, and 1 commercial unit in October, with a total value of approximately 110 million yuan;

Beijing Urban Construction listed 5 residential properties in Shanshui Wenyuan in October, with prices ranging from 1.7318965 million yuan to 4.8543843 million yuan, with a total price of approximately 160 million yuan.

The total base transfer price of residential and apartment properties listed by these 3 Beijing state-owned real estate enterprises in October alone is close to 300 million yuan.

According to a previous statistics by Economic Observer, as of mid-September, only Tianheng Group had as many as 111 properties listed for sale on the Beijing Property Exchange, with a total base transfer price exceeding 330 million yuan.

After adding the 21 residential properties listed in October, Tianheng Group has listed and transferred at least 132 properties in Beijing in the first 10 months of this year, with a total base transfer price exceeding 400 million yuan.

We don't know how many properties in Beijing are still available for sale in the hands of state-owned assets and central state-owned enterprises.

An objective fact is that the trading volume of the second-hand housing market in Beijing this year is actually not low.

From January to October 2025, a total of 142,620 second-hand housing units were traded in Beijing, a year-on-year increase of 5.4% compared with the first 10 months of 2024. However, since the second half of this year, the number of second-hand housing listings on the internal network of Lianjia has been stable at around 140,000, indicating that "the number of buyers is increasing, and the number of sellers is also increasing." From individuals to enterprises, they are all clearing out their "surplus" properties.

Image source: Kerui Housing Price Beijing

With a large number of individuals and enterprises joining the property-selling market, the supply structure of the second-hand housing market has also undergone subtle changes this year: the number of listed properties in Haidian and Xicheng has shown an obvious increasing trend.

These two districts are the core areas of high-quality assets in Beijing and are the "ballast stones" in the Beijing real estate industry. Now, some people are also selling their most important assets.

On the Lianjia website, the number of second-hand housing listings in Haidian District has increased from about 13,000 at the beginning of the year to the current 15,000; the number of listings in Xicheng District was about 9,000 at the beginning of the year and is now approaching 9,500.

Data source: Lianjia

However, at present, the willingness of homeowners in these two areas to reduce prices is not obvious. The most intense price pressure is still in some areas with a large supply of new houses, such as Chaoyang, Fengtai, Shunyi, and Daxing. The next area to experience a "price collapse" should be Changping.

Since July 2025, the average listed price of second-hand housing in Changping has started to lead the decline.

This article is from the WeChat official account "Future Habitat", author: Xiaowu Jian Dawu. It is published by 36Kr with authorization.