According to data released by the China Real Estate Information Corp. (CRIC), in April 2023, the top 100 real estate companies achieved sales of 566.54 billion yuan, down by 14.4% month-on-month but up 31.6% year-on-year.
In terms of cumulative performance, from January to April, the top 100 real estate companies achieved a sales volume of 2.04992 trillion yuan, up 9.7% year-on-year.
On the whole, China's real estate industry is expected to recover since 2023, but the overall purchasing power of the market is still relatively low in history. During the Labour Day holidays, real estate companies still actively promoted sales.
