National Bureau of Statistics: the price increase of commercial housing sales fell steadily in June 2019-Shanghai Metals Market

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National Bureau of Statistics: the price increase of commercial housing sales fell steadily in June 2019

Translation 09:46:42AM Jul 15, 2019 Source:National Bureau of Statistics
The content below was translated by Tencent automatically for reference.

The National Bureau of Statistics today released statistical data on price changes in commercial housing sales in 70 large and medium-sized cities in June 2019. Liu Jianwei, a senior statistician in the Urban Department of the National Bureau of Statistics, interpreted this.

The month-on-month increase in the sales price of new commercial housing in first-and second-tier cities was the same as or down from the previous month; the increase in second-hand housing in first-and second-tier cities fell back, and the increase in third-tier cities expanded slightly.

In June, all localities resolutely implemented the arrangements made by the CPC Central Committee and the State Council, always adhered to the orientation that "houses are for living, not for speculation," and consolidated their main responsibilities around the goals of stabilizing land prices, stabilizing housing prices, and stabilizing expectations, so as to ensure the steady and healthy development of the real estate market. According to a preliminary estimate, the sales prices of new commercial housing in four first-tier cities rose 0.2 percent from the previous month, down 0.1 percentage points from the previous month. Of these, Shanghai, Guangzhou and Shenzhen rose 0.3%, 0.3% and 0.5% respectively, while Beijing fell 0.1%. Second-hand home sales prices were flat from a month earlier, up 0.1 per cent last month. Of these, Beijing and Guangzhou were flat, while Shanghai and Shenzhen both fell 0.1 per cent. Sales prices of new commercial housing in 31 second-tier cities rose 0.8 percent month-on-month, the same increase for three months in a row, while second-hand housing prices rose 0.3 percent, down 0.2 percentage points from the previous month. Sales prices of new commercial housing in 35 third-tier cities rose 0.7 percent from the previous month, down 0.1 percentage points from the previous month, while second-hand housing prices rose 0.7 percent, 0.1 percentage points higher than the previous month.

Sales prices of new commercial housing and second-hand housing in first-and second-tier cities both fell from the same period last year.

According to preliminary estimates, the sales prices of new commercial housing and second-hand housing in first-tier cities rose 4.4% and 0.2% respectively in June from a year earlier, down 0.3% and 0.1% respectively from the previous month. Sales prices of new and second-hand homes in second-tier cities rose 11.4 per cent and 7.6 per cent respectively from a year earlier, down 0.7 and 0.5 percentage points from the previous month. Sales prices of new and second-hand homes in third-tier cities rose 10.9 per cent and 7.9 per cent respectively from a year earlier, down 0.4 and 0.3 percentage points from the previous month.

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Key Words:  Commercial housing  sales 

National Bureau of Statistics: the price increase of commercial housing sales fell steadily in June 2019

Translation 09:46:42AM Jul 15, 2019 Source:National Bureau of Statistics
The content below was translated by Tencent automatically for reference.

The National Bureau of Statistics today released statistical data on price changes in commercial housing sales in 70 large and medium-sized cities in June 2019. Liu Jianwei, a senior statistician in the Urban Department of the National Bureau of Statistics, interpreted this.

The month-on-month increase in the sales price of new commercial housing in first-and second-tier cities was the same as or down from the previous month; the increase in second-hand housing in first-and second-tier cities fell back, and the increase in third-tier cities expanded slightly.

In June, all localities resolutely implemented the arrangements made by the CPC Central Committee and the State Council, always adhered to the orientation that "houses are for living, not for speculation," and consolidated their main responsibilities around the goals of stabilizing land prices, stabilizing housing prices, and stabilizing expectations, so as to ensure the steady and healthy development of the real estate market. According to a preliminary estimate, the sales prices of new commercial housing in four first-tier cities rose 0.2 percent from the previous month, down 0.1 percentage points from the previous month. Of these, Shanghai, Guangzhou and Shenzhen rose 0.3%, 0.3% and 0.5% respectively, while Beijing fell 0.1%. Second-hand home sales prices were flat from a month earlier, up 0.1 per cent last month. Of these, Beijing and Guangzhou were flat, while Shanghai and Shenzhen both fell 0.1 per cent. Sales prices of new commercial housing in 31 second-tier cities rose 0.8 percent month-on-month, the same increase for three months in a row, while second-hand housing prices rose 0.3 percent, down 0.2 percentage points from the previous month. Sales prices of new commercial housing in 35 third-tier cities rose 0.7 percent from the previous month, down 0.1 percentage points from the previous month, while second-hand housing prices rose 0.7 percent, 0.1 percentage points higher than the previous month.

Sales prices of new commercial housing and second-hand housing in first-and second-tier cities both fell from the same period last year.

According to preliminary estimates, the sales prices of new commercial housing and second-hand housing in first-tier cities rose 4.4% and 0.2% respectively in June from a year earlier, down 0.3% and 0.1% respectively from the previous month. Sales prices of new and second-hand homes in second-tier cities rose 11.4 per cent and 7.6 per cent respectively from a year earlier, down 0.7 and 0.5 percentage points from the previous month. Sales prices of new and second-hand homes in third-tier cities rose 10.9 per cent and 7.9 per cent respectively from a year earlier, down 0.4 and 0.3 percentage points from the previous month.

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Key Words:  Commercial housing  sales