Changes in Housing Prices in Tier-1 Cities in February
In Beijing, the price of newly built commercial residential properties in February rose 0.1% MoM (previous: -0.4%) and fell 5.5% YoY (previous: -5.7%). In Shanghai, the price increased 0.2% MoM (previous: +0.6%) and remained unchanged at +5.6% YoY (previous: +5.6%). In Guangzhou, the price decreased 0.2% MoM (previous: flat) and dropped 7.8% YoY (previous: -8.4%). In Shenzhen, the price rose 0.4% MoM (previous: +0.2%) and declined 4.4% YoY (previous: -5.2%).
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