Jinwu Financial News | Domestic housing stocks generally fell. Jinhui Holdings (09993) fell 7.23%, Ocean Group (03377) fell 6.4%, Shimao Group (00813) fell 4.76%, Xuhui Holding Group (00884) fell 3.15%, and Xincheng Development (01030), Yuexiu Real Estate (00123), and Longhu Group (00960) fell more than 2%.
According to data released by the National Bureau of Statistics, 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.
On a year-on-year basis, in March, sales prices of newly built commercial residential 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.