potioncommotion| Bureau of Statistics: Sales prices of commercial residential buildings in various cities continued to decline in April

Sales prices of commercial residential buildings in various cities continued to decline in April

--Wang Zhonghua, chief statistician of the Urban Department of the National Bureau of Statistics, interprets statistical data on changes in commercial residential sales prices in April 2024

April 2024potioncommotionThe real estate market continues to adjust. Among the 70 large and medium-sized cities, the sales prices of commercial residential buildings in all tier cities have expanded month-on-month and year-on-year declines.

1. The month-on-month decline in commercial residential sales prices in all tier cities has expanded

In April, the sales price of new commercial residential buildings in first-tier cities fell 0.0% month-on-monthpotioncommotion.6%, a decrease of 0.5 percentage points over the previous month. Among them, Beijing, Guangzhou and Shenzhen fell 0.7%, 1.3% and 1.0% respectively, while Shanghai rose 0.3%. The sales prices of new commercial residential buildings in second-and third-tier cities fell by 0.5% and 0.6% respectively month-on-month, and the declines were both 0.2 percentage points higher than the previous month.

In April, sales prices of second-hand residential buildings in first-tier cities fell by 1.1% month-on-month, an increase of 0.4 percentage points from the previous month, with Beijing, Shanghai, Guangzhou and Shenzhen falling by 1.6%, 0.8%, 1.4% and 0.7% respectively. The sales prices of second-hand residential buildings in second-and third-tier cities fell by 0.9% month-on-month, and the declines were both 0.4 percentage points higher than the previous month.

2. The year-on-year decline in commercial residential sales prices in all cities expands

In April, the sales price of new commercial residential buildings in first-tier cities fell by 2.5% year-on-year, an increase of 1.0 percentage points from the previous month. Among them, Beijing, Guangzhou and Shenzhen fell 0.5%, 6.9% and 6.7% year-on-year respectively, while Shanghai rose 4.2%. The sales prices of new commercial residential buildings in second-and third-tier cities fell by 2.9% and 4.2% respectively year-on-year, and the declines were 0.9 and 0.8 percentage points higher than the previous month respectively.

In April, sales prices of second-hand residential buildings in first-tier cities fell by 8.5% year-on-year, an increase of 1.2 percentage points from the previous month, with Beijing, Shanghai, Guangzhou and Shenzhen falling by 8.0%, 7.5%, 10.2% and 8.5% respectively. Sales prices of second-hand residential buildings in second-and third-tier cities fell by 6.8% and 6.6% respectively year-on-year, and the declines were both 0.9 percentage points higher than the previous month.

Notes:

Real estate price statistics in 70 large and medium-sized cities are divided into first-tier, second-tier cities: first-tier cities refer to 4 cities including Beijing, Shanghai, Guangzhou, and Shenzhen; Second-tier cities refer to Tianjin, Shijiazhuang, Taiyuan, Hohhot, Shenyang, Dalian, Changchun, Harbin, Nanjing, Hangzhou, Ningbo, Hefei, Fuzhou, Xiamen, Nanchang, Jinan, Qingdao, Zhengzhou, Wuhan, Changsha, Nanning, Haikou, Chongqing, Chengdu, 31 cities including Guiyang, Kunming, Xi'an, Lanzhou, Xining, Yinchuan, and Urumqi; Third-tier cities refer to 35 cities including Tangshan, Qinhuangdao, Baotou, Dandong, Jinzhou, Jilin, Mudanjiang, Wuxi, Xuzhou, Yangzhou, Wenzhou, Jinhua, Bengbu, Anqing, Quanzhou, Jiujiang, Ganzhou, Yantai, Jining, Luoyang, Pingdingshan, Yichang, Xiangyang, Yueyang, Changde, Shaoguan, Zhanjiang, Huizhou, Guilin, Beihai, Sanya, Luzhou, Nanchong, Zunyi and Dali.