Tagged: estate market

The price is coming! Beijing dropped!

The sales price of commercial residential buildings rose steadily in November
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Sheng Guoqing, chief statistician of the City Department of the National Bureau of Statistics, interprets the statistical data on the changes in the sales prices of commercial residential buildings in November 2020: In November 2020, all localities conscientiously implemented the deployment of the Party Central Committee and the State Council, focusing on stabilizing land prices, housing prices, and stabilizing expectations To further implement the long-term real estate mechanism and promote the steady and healthy development of the real estate market, the price increase in the real estate market in 70 large and medium-sized cities was generally stable, with a slight decline.

1. The month-on-month increase in the sales prices of newly-built commercial housing and second-hand housing in various tier cities is the same as the previous month or falls

Preliminary estimates show that in November, the sales price of newly-built commercial residential buildings in four first-tier cities rose by 0.2% month-on-month, and the increase rate dropped by 0.1 percentage point from the previous month. Among them, Beijing fell by 0.1%, Shanghai and Shenzhen were flat, and Guangzhou rose by 0.9%.

The sales price of second-hand housing rose 0.5% month-on-month, the same rate as last month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen rose 0.5%, 0.3%, 0.8% and 0.6% respectively.

The sales price of newly built commercial housing in 31 second-tier cities increased by 0.1% month-on-month, the same rate as last month; the sales price of second-hand housing increased by 0.1% month-on-month, and the rate of increase fell 0.1% from the previous month.

The sales price of newly built commercial housing in 35 third-tier cities rose by 0.1% month-on-month, and the increase was 0.1 percentage point lower than the previous month; the sales price of second-hand housing rose by 0.2% month-on-month, the same as the previous month.

2. The year-on-year growth rate of the sales price of newly-built commercial residential buildings in various tier cities has fallen from the previous month, and the growth rate of second-hand residential buildings has been generally stable

Preliminary estimates show that in November, the sales price of newly-built commercial housing in first-tier cities increased by 3.9% year-on-year, 0.2 percentage points lower than the previous month; the sales price of second-hand housing rose 8.3% 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 rose 4.2% year-on-year, 0.2 percentage points lower than the previous month; the sales price of second-hand housing rose 2.1% year-on-year, the same rate as the previous month.

The sales price of newly built commercial housing in third-tier cities rose by 3.8% year-on-year, 0.2 percentage points lower than the previous month; the sales price of second-hand housing rose by 1.5% year-on-year, the same as the previous month.