First-Tier Cities See 2.2% YoY Drop in New Home Prices, Second-Hand Prices Fall 7.6% in February

Published: Mar 16, 2026 10:00

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[YoY Decline of 2.2% in the Selling Prices of Newly Built Commercial Residential Properties in First-Tier Cities in February]
In February, the selling prices of newly built commercial residential properties in first-tier cities fell 2.2% YoY, with the decline widening by 0.1 percentage point from the previous month. Among them, Shanghai rose 4.2%, while Beijing, Guangzhou, and Shenzhen fell 2.3%, 5.1%, and 5.5%, respectively. In second- and third-tier cities, the selling prices of newly built commercial residential properties fell 3.1% and 4.0% YoY, respectively, with the declines widening by 0.2 and 0.1 percentage point, respectively. In February, the selling prices of second-hand residential properties in first-tier cities fell 7.6% YoY, with the decline unchanged

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