New Home Prices in First-Tier Cities Fell 2.1% YoY in April, Narrowing Decline

Published: May 19, 2025 09:42

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[In April, the selling price of newly-built commercial residential buildings in first-tier cities decreased by 2.1% YoY]
In April, the selling price of newly-built commercial residential buildings in first-tier cities decreased by 2.1% YoY, with the decline narrowing by 0.7 percentage points from the previous month. Among them, Shanghai saw an increase of 5.9%, while Beijing, Guangzhou, and Shenzhen experienced decreases of 5.0%, 6.3%, and 3.0%, respectively. The selling price of newly-built commercial residential buildings in second-tier and third-tier cities decreased by 3.9% and 5.4% YoY, respectively, with the declines narrowing by 0.5 and 0.3 percentage points, respectively. In April, the selling price of second-hand residential buildings in first-tier cities decreased by 3.2% YoY, with the decline narrowing by 0.9 percentage points from the previous month. Among them, Beijing, Shanghai, Guangzhou, and Shenzhen experienced decreases of 1.0%, 0.6%, 7.4%, and 3.7%, respectively. The selling price of second-hand residential buildings in second-tier and third-tier cities decreased by 6.5% and 7.4% YoY, respectively, with the declines narrowing by 0.5 and 0.4 percentage points, respectively.

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