Home » Bureau of Statistics: The month-on-month decline in sales prices of commercial housing in all tier cities narrowed in March_ Oriental Fortune Network

Bureau of Statistics: The month-on-month decline in sales prices of commercial housing in all tier cities narrowed in March_ Oriental Fortune Network

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Bureau of Statistics: The month-on-month decline in sales prices of commercial housing in all tier cities narrowed in March_ Oriental Fortune Network

The National Bureau of Statistics reported that in March 2024, the transaction volume of new commercial housing and second-hand housing in 70 large and medium-sized cities increased compared to the previous period. While the month-on-month decline in commercial housing sales prices in various tiers of cities narrowed slightly, the year-on-year decline expanded.

In first-tier cities, the sales price of newly built commercial housing fell by 0.1% month-on-month, with Beijing remaining unchanged, Shanghai increasing by 0.5%, and Guangzhou and Shenzhen decreasing by 0.7% and 0.4% respectively. Second- and third-tier cities saw a 0.3% and 0.4% month-on-month decline in sales prices of newly built commercial residential buildings.

Second-hand housing prices in first-tier cities fell by 0.7% month-on-month, while prices in second- and third-tier cities dropped by 0.5% each. Year-on-year declines in sales prices of commercial housing expanded in all tier cities, with first-tier cities experiencing a 1.5% decrease in newly built commercial housing prices and a 7.3% drop in second-hand housing prices.

Real estate price statistics for these cities are divided into first, second, and third-tier categories. The data is collected through comprehensive surveys and online signing information from local real estate management departments.

It is important to note that this information is provided by the National Bureau of Statistics for informational purposes only and should not be considered as investment advice. Readers are advised to proceed with caution.

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