Second hand residential properties have decreased month on month, while the overall increase in the selling price of newly-built commercial residential properties in May has fallen. Residential properties | sales prices | increase
In May 2023, the overall month on month increase in the sales prices of newly-built commercial residential properties in 70 large and medium-sized cities decreased, while the month on month decrease in second-hand residential properties. The year-on-year increase in sales prices of commodity residential properties in first tier cities has fallen, while the overall year-on-year decline trend in second - and third tier cities has slowed down.
1. new commercial housing sales prices fell overall month-on-month, second-hand housing fell month-on-month.
From the perspective of newly-built commercial housing, in May, the sales price of newly-built commercial housing in first-tier cities rose 0.1 percent month-on-month, down 0.3 percentage points from the previous month, of which Beijing, Shanghai and Guangzhou rose 0.2 percent, 0.3 percent and 0.1 percent respectively, while Shenzhen fell 0.2 percent. Sales prices of newly-built commercial housing in second-tier cities rose 0.2 percent month-on-month, down 0.2 percentage points from the previous month; third-tier cities new commercial residential sales prices rose 0.2 month-on-month from the previous month to flat. From the perspective of second-hand housing, in May, the sales price of second-hand housing in first-tier cities increased by 0.2 per cent from the previous month to a decline of 0.4 per cent, with Beijing, Shanghai, Guangzhou and Shenzhen falling by 0.6 per cent, 0.8 per cent, 0.2 per cent and 0.1 per cent respectively, while the sales price of second-hand housing in third-tier cities in 2. fell by 0.3 per cent and 0.2 per cent respectively from the previous month.
In May, out of 70 large and medium-sized cities, the number of cities with a month on month increase in sales prices of commercial housing decreased. There were 46 cities with a month on month increase in sales prices of new commercial housing and 15 cities with a month on month increase in sales prices of second-hand housing, a decrease of 16 cities and 21 cities with a month on month increase in sales prices of new commercial housing and second-hand housing, respectively.
In 2., the year-on-year increase in commercial residential sales prices in first-tier cities fell, and the year-on-year increase in second-and third-tier cities expanded or narrowed the decline
In May, the sales prices of new commercial housing and second-hand housing in first-tier cities rose 1.7 per cent and 0.4 per cent respectively from a year earlier, down 0.3 and 0.5 percentage points respectively from the previous month. The sales price of newly-built commercial residential buildings in second-tier cities rose 0.5 percent year-on-year, an increase of 0.3 percentage points over the previous month; the sales price of second-hand residential buildings fell 2.1 percent year-on-year, 0.1 percentage points narrower than the previous month. The sales prices of new commercial housing and second-hand housing in third-tier cities fell 1.6 percent and 3.3 percent year-on-year, respectively, 0.3 percentage points lower than the previous month.
In May, out of 70 large and medium-sized cities, 26 cities saw a year-on-year increase in the sales price of newly-built commercial residential properties, an increase of 4 compared to the previous month; There are 9 cities with a year-on-year increase in second-hand housing, the same number as last month.
