China News Service, September 16. On the 16th, the National Bureau of Statistics announced the changes in the sales prices of commercial housing in 70 large and medium-sized cities in August 2022.

The data shows that among the 70 large and medium-sized cities, the number of cities where the sales price of commercial housing has fallen has increased, and the growth rate of various tier cities has declined or the rate of decline has expanded.

The sales prices of commercial housing in first-tier cities rose slightly month-on-month, while second- and third-tier cities turned down or expanded month-on-month

  In August, among the 70 large and medium-sized cities, 50 and 56 cities saw a month-on-month drop in the sales prices of newly built commercial housing and second-hand housing, an increase of 10 and 5 from the previous month.

  In August, the sales price of newly-built commercial housing in first-tier cities rose by 0.1% month-on-month, a decrease of 0.2 percentage points from the previous month; the sales price of second-hand housing turned flat from a month-on-month increase of 0.2% from the previous month.

The sales price of newly-built commercial residential buildings in second-tier cities turned from the same level in the previous month to a decrease of 0.2% month-on-month; the sales price of second-hand residential buildings decreased by 0.3% month-on-month, and the decline increased by 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 0.4% and 0.5% month-on-month, respectively, and the decline was 0.1 and 0.2 percentage points higher than the previous month.

2. The year-on-year increase in the sales price of commercial housing in first-tier cities declined, and the year-on-year decline in second- and third-tier cities expanded

  In August, among the 70 large and medium-sized cities, 49 cities saw a year-on-year decrease in the sales price of new commercial housing, an increase of 1 from the previous month; 61 cities saw a year-on-year decrease in the sales price of second-hand housing, the same number as last month.

  In August, the sales prices of new commercial housing and second-hand housing in first-tier cities rose by 2.8% and 0.8% year-on-year, respectively, a drop of 0.3 and 0.1 percentage points from the previous month.

The sales prices of newly built commercial housing and second-hand housing in second-tier cities fell by 1.0% and 2.8% year-on-year, respectively, and the decline was 0.5 and 0.3 percentage points higher than the previous month.

The sales prices of newly built commercial housing and second-hand housing in third-tier cities fell by 3.7% and 4.2% year-on-year, respectively, and the decline was 0.5 and 0.3 percentage points higher than the previous month.

(Zhongxin Finance)