The sales prices of new commercial residential and second-hand residential buildings in the first, second and third tier cities have all dropped.
Editor’s note: This article is from Zhongxin Jingwei, author : Dong Xiangyi, authorized to reprint
The National Bureau of Statistics released statistics on the sales price changes of commercial housing in 70 large and medium-sized cities in October 2019. According to statistics, in October 70, the price of new commercial housing in 50 cities increased by the previous month. In September, it was 53 cities. From the ring, Xining gained 2.8%. The sales price of new commercial residential buildings in first-tier cities rose by 0.1%. Beijing, Shanghai, Guangzhou and Shenzhen fell 0.2%, rose 0.4%, fell 0.1%, and rose 0.4%.
Source: National Bureau of Statistics
In this regard, Kong Peng, chief statistician of the National Bureau of Statistics, has interpreted:
The sales prices of new commercial residential and second-hand residential buildings in the first, second and third tier cities have all dropped. In October, all localities continued to implement the Party Central Committee and the State Council’s deployment, adhered to the positioning of “residence and non-speculation”, consolidate the city’s main responsibility, and focus on the goal of stable land prices, stable housing prices, and stable expectations, and in-depth implementation of real estate regulation and control “one city and one policy”, real estate The market has stabilized further and the price increase has declined. According to preliminary estimates, the sales price of new commercial residential buildings in the four first-tier cities increased by 0.1% from the previous month, and the growth rate dropped by 0.3 percentage points from the previous month. Among them, Beijing and Guangzhou fell by 0.2% and 0.1% respectively; Shanghai and Shenzhen both rose by 0.4%, and the growth rate dropped by 0.1 and 0.8 percentage points respectively from the previous month. The sales price of second-hand homes rose by 0.1% month-on-month, and the growth rate dropped by 0.2 percentage points from the previous month. Among them, Beijing, Shanghai and Guangzhou fell by 0.6%, 0.2% and 0.1% respectively; Shenzhen rose by 1.0%, a drop of 0.3 percentage points from the previous month. The sales prices of new commercial residential and second-hand residential in 31 second-tier cities rose by 0.5% and 0.1% respectively, and the growth rate dropped by 0.1 percentage points from the previous month. The sales prices of new commercial residential and second-hand residential in 35 third-tier cities rose by 0.6% and 0.5% respectively, and the growth rate dropped by 0.2 percentage points from the previous month.
Source: National Bureau of Statistics
The sales price of new commercial residential and second-hand residential in second- and third-tier cities continued to decline year-on-year, and the growth rate of first-tier cities slightly expanded. According to preliminary estimates, in October, the sales prices of new commercial residential and second-hand residential in first-tier cities rose by 4.7% and 0.5% respectively, and the growth rate was 0.1 and 0.4 percentage points higher than that of the previous month. The sales prices of new commercial residential and second-hand residential in second-tier cities rose by 8.7% and 4.4% respectively year-on-year, and the growth rate dropped by 0.6 and 0.3 percentage points respectively from the previous month. The sales prices of new commercial residential and second-hand residential in third-tier cities rose by 7.7% and 4.6% respectively year-on-year, and the growth rate dropped by 0.7 and 0.4 percentage points respectively from the previous month.