The Zhitong Finance App learned that the China Index Research Institute published an article stating that from January to September 2026, the number of newly renovated properties opened in key cities was 477, a year-on-year decrease of 28.7%; the number of renovated housing units was 263,000, a sharp drop of 34.5% over the previous year. Among them, the number of units opened in September was 77, down 31.9% year on year, up 42.6% month on month; the number of renovated housing units was 41,400, down 37.7% year on year; and the average hardcover rate was 26.5%, the same as the same period last year. Among them, the average hardcover rates for first-tier cities, second-tier cities, and third-tier and fourth-tier cities were 89.0%, 33.0%, and 11.9%, respectively. South China has the highest average hardcover rate of 52.7%.

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