National Bureau of Statistics: In August, the sales prices of commercial residential properties in major cities increased and decreased year-on-year

In August 2023, the sales prices of commercial residential properties in 70 large and medium-sized cities increased, while the number of cities decreased. The sales prices of commercial residential properties in various tier cities decreased month on month, with some increases and some decreases year-on-year.

1、 The sales prices of commercial residential properties in various cities have decreased month on month

From the perspective of newly-built commercial housing, in August, the sales price of newly-built commercial housing in first tier cities remained unchanged from the previous month and decreased by 0.2% month on month. Among them, Beijing, Guangzhou, and Shenzhen decreased by 0.2%, 0.3%, and 0.6% month on month, respectively, while Shanghai increased by 0.1% month on month; The sales price of newly-built commercial housing in second tier cities decreased by 0.2% month on month, the same as last month; The sales price of newly-built commercial residential properties in third tier cities decreased by 0.4% month on month, with a 0.1 percentage point increase compared to the previous month. From the perspective of second-hand housing, in August, the sales prices of second-hand housing in first tier cities decreased by 0.2% month on month, with a decrease of 0.6 percentage points narrower than the previous month. Beijing increased by 0.4% month on month, while Shanghai, Guangzhou, and Shenzhen decreased by 0.3%, 0.6%, and 0.2% month on month, respectively; 2、 The sales prices of second-hand residential properties in third tier cities decreased by 0.5% and 0.4% respectively month on month, with the same decline as last month.

In August, among 70 large and medium-sized cities, there were 17 and 3 cities with month on month increases in the sales prices of newly-built and second-hand residential properties, respectively, a decrease of 3 compared to the previous month.

2、 The sales prices of commercial residential properties in various cities have increased and decreased year-on-year

In August, the sales price of newly-built commercial housing in first tier cities increased by 0.6% year-on-year, a decrease of 0.4 percentage points from the previous month; The sales price of newly-built commercial residential properties in second tier cities increased by 0.3% year-on-year, an increase of 0.1 percentage points compared to the previous month; The sales price of newly-built commercial residential properties in third tier cities decreased by 1.4% year-on-year, which is 0.1 percentage points narrower than the previous month. In August, the sales prices of second-hand residential properties in first - and second tier cities decreased by 1.6% and 3.0% year-on-year, respectively, with the decline rate expanding by 0.2 and 0.3 percentage points compared to the previous month; The sales price of second-hand housing in third tier cities decreased by 3.5% year-on-year, the same as last month.

In August, among 70 large and medium-sized cities, there were 25 and 3 cities with year-on-year increases in the sales prices of newly-built and second-hand residential properties, respectively, a decrease of 1 and 2 compared to the previous month.

Comment:

Real estate price statistics for 70 large and medium-sized cities: First tier cities refer to four cities: Beijing, Shanghai, Guangzhou, Shenzhen, etc; Second tier cities refer to 31 cities, including Tianjin, Shijiazhuang, Taiyuan, Hohhot, Shenyang, Dalian, Changchun, Harbin, Nanjing, Hangzhou, Ningbo, Hefei, Fuzhou, Xiamen, Nanchang, Jinan, Qingdao, Zhengzhou, Wuhan, Changsha, Nanning, Haikou, Chongqing, Chengdu, Guiyang, Kunming, Xi'an, Lanzhou, Xining, Yinchuan, Urumqi, etc; 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, Dali, etc.