In March 2024, the volume of newly built commercial housing and second-hand housing transactions in 70 large and medium-sized cities increased compared to the previous period. The decline in commercial residential sales prices in various tier cities narrowed slightly from month to month, and the year-on-year decline increased.
The Zhitong Finance App learned that on April 15, the National Bureau of Statistics announced changes in commercial residential sales prices in 70 large and medium-sized cities in March 2024. Wang Zhonghua, chief statistician of the City Department of the National Bureau of Statistics, explained that in March 2024, the volume of newly built commercial homes and second-hand homes in 70 large and medium-sized cities increased compared to the previous period, and the decline in commercial residential sales prices in various tier cities narrowed slightly from month to month, and the year-on-year decline increased.
Among them, in March, sales prices of newly built commercial residential homes in first-tier cities fell 0.1% month-on-month, and the decline was 0.2 percentage points narrower than the previous month. Among them, Beijing remained flat, Shanghai rose 0.5%, and Guangzhou and Shenzhen fell 0.7% and 0.4%, respectively. Sales prices of newly built commercial residential homes in second- and third-tier cities fell by 0.3% and 0.4%, respectively. The declines were the same as last month.
In March, sales prices of newly built commercial homes in first-tier cities fell 1.5% year on year, an increase of 0.5 percentage points over the previous month. Among them, Beijing and Shanghai rose 0.8% and 4.3% respectively, while Guangzhou and Shenzhen both declined 5.5%. Sales prices of newly built commercial residential homes in second-tier and third-tier cities decreased by 2.0% and 3.4%, respectively. The declines increased by 0.9 and 0.7 percentage points, respectively, from the previous month.
The original text is as follows:
The month-on-month decline in commercial residential sales prices in major cities narrowed in March
——Wang Zhonghua, chief statistician of the City Department of the National Bureau of Statistics, interprets statistics on changes in commercial residential sales prices in March 2024
In March 2024, the volume of newly built commercial housing and second-hand housing transactions in 70 large and medium-sized cities increased compared to the previous period. The decline in commercial residential sales prices in various tier cities narrowed slightly from month to month, and the year-on-year decline increased.
1. The month-on-month decline in commercial residential sales prices in various tier cities narrowed slightly
In March, sales prices of newly built commercial residential homes in first-tier cities fell 0.1% month-on-month, and the decline was 0.2 percentage points narrower than the previous month. Among them, Beijing remained flat, Shanghai rose 0.5%, and Guangzhou and Shenzhen fell 0.7% and 0.4%, respectively. Sales prices of newly built commercial residential homes in second- and third-tier cities fell by 0.3% and 0.4%, respectively. The declines were the same as last month.
In March, second-hand residential sales prices in first-tier cities fell 0.7% month-on-month, and the decline was 0.1 percentage points narrower than the previous month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen fell 0.4%, 0.3%, 1.0%, and 1.0%, respectively. Second-hand residential sales prices in second- and third-tier cities all fell 0.5% month-on-month, and the declines were 0.1 percentage points narrower than last month.
2. The year-on-year decline in commercial residential sales prices in various tier cities increased
In March, sales prices of newly built commercial homes in first-tier cities fell 1.5% year on year, an increase of 0.5 percentage points over the previous month. Among them, Beijing and Shanghai rose 0.8% and 4.3% respectively, while Guangzhou and Shenzhen both declined 5.5%. Sales prices of newly built commercial residential homes in second-tier and third-tier cities decreased by 2.0% and 3.4%, respectively. The declines increased by 0.9 and 0.7 percentage points, respectively, from the previous month.
In March, second-hand residential sales prices in first-tier cities fell 7.3% year on year, an increase of 1.0 percentage point over the previous month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen fell 6.4%, 6.9%, 8.6%, and 7.4%, respectively. Second-hand residential sales prices in second- and third-tier cities decreased by 5.9% and 5.7%, respectively. The declines were 0.8 and 0.6 percentage points higher than the previous month, respectively.
Changes in commercial residential sales prices in 70 large and medium-sized cities in March 2024
This article was selected from the “Official Website of the National Bureau of Statistics”; Zhitong Finance Editor: Chen Xiaoyi.