Zhongxin Finance, June 16. On June 16, data released by the National Bureau of Statistics showed that in May 2022, the sales prices of commercial residential buildings in 70 large and medium-sized cities continued to decline from the previous month, but the decline slowed down, and the newly built commercial residential buildings continued to decline. The number of cities with a month-on-month decline decreased; the year-on-year increase in the sales price of commercial housing in first-, second-, and third-tier cities all declined or expanded, and the number of cities with a year-on-year decline increased.
The sales price of new commercial residential buildings in first-tier cities rose by 0.4% month-on-month, an increase of 0.2 percentage points from the previous month; second-tier cities fell by 0.1% month-on-month, the same rate of decline as the previous month; third-tier cities fell by 0.3% month-on-month, with a decrease of 0.3 percentage points from the previous month .
Figure from the National Bureau of Statistics
The sales price of second-hand housing in first-tier cities changed from a month-on-month increase of 0.4% to flat; second-tier cities fell by 0.3% month-on-month, the same rate of decline as the previous month; third-tier cities fell by 0.5% month-on-month, and the decline was 0.2 percentage points higher than the previous month.
Figure from the National Bureau of Statistics