China News Service, February 16th. The National Bureau of Statistics announced on the 16th the statistical data on the changes in the sales prices of commercial housing in January 2023.
Sheng Guoqing, chief statistician of the Urban Department of the National Bureau of Statistics, explained this.
In January 2023, the number of cities in which the sales price of commercial housing in 70 large and medium-sized cities increased month-on-month; the sales price of commercial housing in first-tier cities turned upward, and the decline in second- and third-tier cities slowed down. The sales price of commercial housing in first-tier cities rose year-on-year, Second- and third-tier cities saw a year-on-year decrease.
Picture from the website of the National Bureau of Statistics
The sales price of commercial housing in first-tier cities turned up month-on-month, and the month-on-month decline in second- and third-tier cities slowed down
In January, among the 70 large and medium-sized cities, there were 36 and 13 cities where the sales prices of new commercial housing and second-hand housing rose month-on-month, respectively, an increase of 21 and 6 from the previous month.
In January, the sales price of new commercial housing in first-tier cities changed from being flat in the previous month to an increase of 0.2%; the sales price of second-hand housing changed from a decrease of 0.5% in the previous month to an increase of 0.4%.
The sales price of new commercial housing in second-tier cities changed from a decrease of 0.3% in the previous month to an increase of 0.1%; the sales price of second-hand housing decreased by 0.3% from the previous month, and the rate of decline narrowed by 0.1 percentage points from the previous month.
The sales price of new commercial housing in third-tier cities decreased by 0.1% month-on-month, and the rate of decline narrowed by 0.2 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.
Picture from the website of the National Bureau of Statistics
The sales price of commercial housing in first-tier cities increased year-on-year, while that in second- and third-tier cities decreased year-on-year
In January, among the 70 large and medium-sized cities, 15 cities had a year-on-year increase in the sales price of new commercial housing, one less than the previous month; 6 cities had a year-on-year increase in the sales price of second-hand housing, the same number as the previous month.
In January, the sales price of new commercial housing in first-tier cities rose by 2.1% year-on-year, a decrease of 0.4 percentage points from the previous month; the sales price of second-hand housing rose by 0.9% year-on-year, an increase of 0.3 percentage points from the previous month.
The sales price of new commercial housing in second-tier cities fell by 1.1% year-on-year, the same rate of decline as last month; the sales price of second-hand housing decreased by 3.3% year-on-year, and the rate of decline increased by 0.1 percentage points from the previous month.
The sales prices of new commercial housing and second-hand housing in third-tier cities decreased by 3.8% and 4.7% year-on-year respectively, and the decline rate narrowed by 0.1 percentage points compared with the previous month.
(China New Finance and Economics)