National Bureau of Statistics: In December last year, the prices of commercial housing in 70 cities were flat or down from the previous month

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

Sheng Guoqing, chief statistician of the Urban Department of the National Bureau of Statistics, explained that

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　　In December 2022, among the 70 large and medium-sized cities, the number of cities where the sales price of commercial housing has decreased has increased.

1. The sales prices of new commercial housing and second-hand housing in the first-tier cities leveled and dropped month-on-month, and the sales prices in the second- and third-tier cities decreased month-on-month

　　In December, among the 70 large and medium-sized cities, 55 cities had a month-on-month decrease in the sales price of new commercial housing, an increase of 4 from the previous month; 63 cities had a month-on-month decrease in the sales price of second-hand housing, an increase of 1 from the previous month.

　　In December, the sales price of new commercial housing in first-tier cities fell 0.2% month-on-month to remain flat; the sales price of second-hand housing decreased 0.5% month-on-month, an increase of 0.1 percentage points from the previous month.

The sales price of new commercial housing in second-tier cities fell by 0.3% month-on-month, and the rate of decline increased by 0.1 percentage points from the previous month; the sales price of second-hand housing decreased by 0.4% month-on-month, the same rate of decline as last month.

The sales price of new commercial housing in third-tier cities fell by 0.3% month-on-month, the same rate of decline as last month; the sales price of second-hand housing decreased by 0.4% month-on-month, and the rate of decline narrowed by 0.1 percentage points from the previous month.

2. The sales price of commercial housing in first-tier cities rose year-on-year, while that in second- and third-tier cities fell year-on-year

　　In December, among the 70 large and medium-sized cities, 53 cities had a year-on-year decrease in the sales price of new commercial housing, an increase of 2 from the previous month; 64 cities had a year-on-year decrease in the sales price of second-hand housing, the same number as the previous month.

　　In December, the sales price of new commercial housing in first-tier cities rose by 2.5% year-on-year, the same increase as the previous month; the sales price of second-hand housing rose by 0.6% year-on-year, a decrease of 0.6 percentage points from the previous month.

The sales price of new commercial housing in second-tier cities decreased by 1.1% year-on-year, a decrease of 0.1 percentage points from the previous month; the sales price of second-hand housing decreased by 3.2% year-on-year, the same as the previous month.

The sales prices of new commercial housing and second-hand housing in third-tier cities fell by 3.9% and 4.8% year-on-year, respectively, the same as the previous month.

(China New Finance and Economics)