Chongqing's Real Estate Market Sees Steady Growth in First Half of 2022

Strategic Insights -

The Chongqing Province of China's real estate market has continued to grow steadily in the first half of 2022, with residential sales area increasing by 0.1% year-on-year from January to June. The central urban area saw a 6.9% year-on-year increase in sales, marking nine consecutive months of positive growth. The city has introduced a series of policies to activate market liquidity, including optimization of provident fund policies, subsidies and tax concessions, expansion of affordable housing, urban renewal and financing support, and optimization of supply-side management.

Key Takeaways:

  • The real estate market in Chongqing has shown a 0.1% year-on-year increase in residential sales area from January to June 2022.
  • The central urban area saw a 6.9% year-on-year increase in sales, marking nine consecutive months of positive growth.
  • The city has introduced policies to activate market liquidity, including optimization of provident fund policies, subsidies and tax concessions, expansion of affordable housing, urban renewal and financing support, and optimization of supply-side management.
  • Demand for high-quality housing projects outstrips supply, with sales of such projects in the central urban area accounting for 15% of the total area in June.
  • The Longfor Yuhujing project in Lijia achieved a weekly sales rate of 75.5%, demonstrating high market demand.
  • Second-hand housing transactions continued to grow, with a 6.4% year-on-year increase in June.
  • The Meixin Mei'an Jiangshan project in the Danzishi CBD of Nan'an District saw a 144% increase in project sales and a 137% increase in sales revenue month-on-month in the first half of 2022.
  • The project attracted over 135 groups of visitors during the Dragon Boat Festival, resulting in impressive transaction figures.

Statistics:

  • Residential sales area increased by 0.1% year-on-year from January to June 2022.
  • Central urban area saw a 6.9% year-on-year increase in sales, marking nine consecutive months of positive growth.
  • Sales area of commercial housing in the central urban area increased by 23.5% month-on-month in June 2022.
  • Average price per square meter increased by 0.3% year-on-year in June 2022.
  • High-quality housing projects accounted for 15% of total sales area in June 2022.
  • Second-hand housing transactions increased by 6.4% year-on-year in June 2022.
  • Project sales increased by 144% month-on-month in the first half of 2022 at the Meixin Mei'an Jiangshan project.
  • Sales revenue increased by 137% month-on-month in the first half of 2022 at the Meixin Mei'an Jiangshan project.

Sources:

  • "Chongqing's real estate market continued steady growth in the first half of this year" - Chongqing Municipal Housing and Urban-Rural Development Commission, July 29.
  • https://www.cq.gov.cn/ywdt/zwhd/bmdt/202507/t20250730_14858507.html