China's January-April government land sales revenue drops 27.2pc on year

China’s government land sales revenue fell 27.2 percent from a year earlier to 680.1 billion yuan (HK$782.4 billion) in the first four months of 2026, data from the finance ministry showed on Wednesday.

Revenue from government land sales by local governments in China was down 24.4 percent on the year over the first quarter of 2026.

The sales of land-use rights to property developers have previously been a major revenue source for local governments in China. A prolonged property downturn that started in mid-2021 has strained local government finances.

Reuters

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗧𝗵𝗲 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗽𝗽 ↓