Bureau of Statistics: Sales prices of commercial residential buildings in all tier cities dropped month-on-month in October, with mixed gains and losses year-on-year.

In October 2023, the sales price of commercial housing in 70 large and medium-sized cities decreased month-on-month, and the number of cities increased slightly. The sales price of commercial housing in cities in all tiers fell month-on-month, with mixed increases and decreases year-on-year.

1. Sales prices of commercial residential buildings in various tiers of cities decreased month-on-month

In October, the sales price of newly built commercial housing in first-tier cities dropped by 0.3% from the previous month, with Beijing, Guangzhou and Shenzhen falling by 0.4%, 0.7% and 0.5% respectively from the previous month, and Shanghai rising by 0.2% from the previous month; second-hand housing prices increased from the previous month. The monthly increase of 0.2% turned into a decrease of 0.8%, with Beijing, Shanghai, Guangzhou and Shenzhen decreasing by 1.1%, 0.8%, 0.8% and 0.5% respectively from the previous month. The sales price of newly built commercial housing in second-tier cities fell by 0.2% month-on-month, and the decline was 0.1 percentage points narrower than last month; the sales price of second-hand housing fell by 0.5% month-on-month, and the decline was the same as last month. The sales prices of newly built commercial housing and second-hand housing in third-tier cities fell by 0.5% and 0.6% respectively month-on-month, and the declines expanded by 0.2 and 0.1 percentage points respectively from the previous month.

In October, among 70 large and medium-sized cities, the sales prices of new commercial housing and second-hand housing fell in 56 and 67 cities respectively, an increase of 2 from the previous month.

2. The sales prices of commercial residential buildings in various tiers of cities increased and decreased year-on-year.

In October, the sales price of newly built commercial housing in first-tier cities increased by 0.4% year-on-year, 0.3 percentage points lower than the previous month, with Beijing and Shanghai rising by 2.1% and 4.4% year-on-year respectively, and Guangzhou and Shenzhen falling by 2.0% and 2.8% year-on-year respectively; second-hand Residential properties fell by 1.9% year-on-year, and the decline expanded by 0.5 percentage points from the previous month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen fell by 0.2%, 2.3%, 3.9% and 1.3% year-on-year respectively. The sales price of newly built commercial housing in second-tier cities increased by 0.3% year-on-year, an increase of 0.1 percentage points from the previous month; the sales price of second-hand housing fell by 3.3% year-on-year, a decrease of 0.1 percentage points from the previous month. The sales prices of newly built commercial housing and second-hand housing in third-tier cities fell by 1.5% and 3.6% respectively year-on-year, and the declines were both 0.1 percentage points larger than the previous month.

In October, among the 70 large and medium-sized cities, there were 47 cities where the sales price of new commercial housing fell year-on-year, an increase of 2 from the previous month; there were 67 cities where the sales price of second-hand housing fell year-on-year, the same number as the previous month.

Note:

Real estate price statistics of 70 large and medium-sized cities are divided into first, second and third tier cities: first tier cities refer to 4 cities including Beijing, Shanghai, Guangzhou and Shenzhen; second tier cities refer to Tianjin, Shijiazhuang, Taiyuan, Hohhot, Shenyang, Dalian, Changchun, Harbin, Nanjing, 31 cities including Hangzhou, Ningbo, Hefei, Fuzhou, Xiamen, Nanchang, Jinan, Qingdao, Zhengzhou, Wuhan, Changsha, Nanning, Haikou, Chongqing, Chengdu, Guiyang, Kunming, Xi’an, Lanzhou, Xining, Yinchuan, and Urumqi; third-tier cities Refers to Tangshan, Qinhuangdao, Baotou, Dandong, Jinzhou, Jilin, Mudanjiang, Wuxi, Xuzhou, Yangzhou, Wenzhou, Jinhua, Bengbu, Anqing, Quanzhou, Jiujiang, Ganzhou, Yantai, Jining, Luoyang, Pingdingshan, Yichang, Xiangyang, Yueyang, Changde , Shaoguan, Zhanjiang, Huizhou, Guilin, Beihai, Sanya, Luzhou, Nanchong, Zunyi, Dali and other 35 cities.

Changes in sales prices of commercial housing in 70 large and medium-sized cities in October 2023

P.S.:

1. Survey scope: Municipal districts of each city, excluding counties.

2. Survey method: The survey on the sales price of new commercial housing is a comprehensive survey, and the basic data directly adopts the online signing data of the local real estate management department; the survey on the sales price of second-hand housing is a combination of focused survey and typical survey, and the basic data comes from the reports of real estate brokerage agencies. , relevant departments provide and investigators conduct on-site pricing.

3. Please refer to the “Real Estate Price Statistical Reporting System” for details on the calculation method of the price index.

4. If there is no transaction in the month, it will be deemed that the overall price level has not changed.