The year-on-year increase in the sales prices of new commercial housing and second-hand housing in first-tier cities slightly expanded
On August 14, the National Bureau of Statistics announced statistical data on changes in the sales prices of commercial housing in 70 large and medium-sized cities in July 2020.
Data shows that the real estate market prices in 70 large and medium-sized cities were generally stable in July. The sales price of newly-built commercial housing in 4 first-tier cities increased by 0.5% month-on-month, and the sales price of newly-built commercial housing in 31 second-tier cities increased by 0.5% month-on-month. Yinchuan led the way with a month-on-month increase of 2%.
In July 2020, 70 large and medium-sized cities newly built commercial housing sales price index
Sale price index of second-hand housing in 70 large and medium-sized cities in July 2020
The sales price of newly-built commercial housing and second-hand housing in various tier cities has fallen or the same month-on-month increase
In July, preliminary estimates showed that the sales price of newly-built commercial residential buildings in 4 first-tier cities increased by 0.5% month-on-month, and the increase was 0.1% lower than the previous month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen rose 0.3%, 0.4%, 0.8% and 0.6% respectively. The sales price of second-hand housing rose by 0.7% month-on-month, and the increase was 0.3% lower than the previous month. Among them, Beijing remained flat, while Shanghai, Guangzhou and Shenzhen rose 0.5%, 1.6% and 1.2% respectively. The sales price of newly built commercial housing in 31 second-tier cities rose 0.5% month-on-month, 0.4 percentage points lower than the previous month; the sales price of second-hand housing rose 0.5% month-on-month, the same as the previous month. The sales prices of newly-built commercial housing and second-hand housing in 35 third-tier cities rose 0.8% and 0.5% month-on-month respectively, the same as the previous month.
Xu Xiaole, chief market analyst at the Shell Research Institute, believes that in July, the sales price of commercial housing fell from the previous month. There were two main reasons. One was the release of housing demand from June to July.There will also be some cooling, and the increase will be further narrowed.