China’s real estate supply has expanded beyond traditional developers and second-hand homeowners to include banks, corporations, listed companies, and government platforms, reflecting the mounting pressure of a slowing market.
Several major banks, including Agricultural Bank, Construction Bank, and Bank of Communications, are selling repossessed properties directly online through the “bank direct supply” model, sometimes at 30 percent of market value, bypassing the lengthy traditional auction process. Banks often negotiate directly with defaulted borrowers and enlist intermediaries to manage the sales.
State-owned platforms have also significantly increased property listings this year, spanning residential units, shops, offices, and parking spaces, often priced well below market value. Notable examples include Tianheng Real Estate in Beijing (111 units), Jilin Bank (over 2,000 units), and China General Nuclear Engineering Co. in Dalian (68 units).
This trend underscores how banks and state-owned entities are actively pushing distressed or idle properties into the market to boost liquidity and mitigate losses amid the ongoing housing downturn.
Sources:
1. Epoch Times, November 17, 2025
https://www.epochtimes.com/gb/25/11/17/n14637251.htm
2. Epoch Times, November 19, 2025
https://www.epochtimes.com/gb/25/11/19/n14638962.htm