China's Housing Sector Sees Significant Progress During the 14th Five-Year Plan Period

Strategic Insights -

Beijing, China's housing sector has achieved remarkable progress during the 14th Five-Year Plan period (2021-2025), meeting people's housing demands, fostering a new development model for the real estate sector, and driving steady growth in the construction industry. According to a press conference, over 11 million units of affordable and resettlement housing have been constructed, benefiting over 30 million residents. The country has built a multi-tiered housing security system for various groups, such as new city dwellers and young people, and has implemented measures to support home purchases, including reducing down payment ratios and mortgage rates.

Key Takeaways:

  • Over 11 million units of affordable and resettlement housing have been constructed since 2021, benefiting over 30 million residents.
  • China has built a multi-tiered housing security system for various groups, including new city dwellers and young people.
  • Local governments have adopted differentiated real estate policies, adjusting and optimizing measures in line with their own conditions.
  • A string of measures have been rolled out to support home purchases, including reducing down payment ratios and mortgage rates.
  • Over 7.5 million previously delayed units have been completed and delivered, safeguarding homebuyers' legitimate rights and interests.
  • Since 2021, more than 240,000 aging residential communities have been renovated, benefiting over 40 million households.
  • The country has created over 64,000 new community facilities, including those for elderly care and childcare services.

Statistics:

  • Over 11 million units of affordable and resettlement housing have been constructed since 2021.
  • 30 million residents have benefited from the construction of affordable and resettlement housing.
  • 7.5 million previously delayed units have been completed and delivered.
  • Over 240,000 aging residential communities have been renovated since 2021.
  • 64,000 new community facilities have been created.

Sources:

  • Xinhua via COMTEX, October 13, 2025.