Bureau of Statistics: sales prices of commercial housing rose slightly in June

Published: Jul 16, 2020 09:55
Source: Bureau of Statistics

SMM: Kong Peng, chief statistician of the City Department of the National Bureau of Statistics, interprets the statistical data on the price changes of commercial housing sales in June 2020.

In June 2020, in the face of the continued resumption of work and business, and the continuous release of housing demand, various localities conscientiously implemented the arrangements of the CPC Central Committee and the State Council, and insisted that houses were used for living, not for speculation. One city, one policy, one city policy, maintain the balance between supply and demand, maintain market order, the real estate market in 70 large and medium-sized cities is generally stable, and prices have risen slightly.

The sales prices of new commercial housing and second-hand housing in first-tier cities have dropped month-on-month, while those in second-and third-tier cities have expanded slightly.

In June, according to preliminary estimates, the sales prices of newly built commercial housing in four first-tier cities rose 0.6% month-on-month, down 0.1 percentage points from the previous month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen rose 0.4%, 0.5%, 0.6% and 0.8% respectively. The price of second-hand housing sales rose 1.0% month-on-month, down 0.1 percentage points from the previous month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen rose 0.7%, 0.4%, 0.8% and 1.9% respectively. The sales prices of new commercial housing and second-hand housing in 31 second-tier cities rose 0.9% and 0.5% respectively from the previous month, an increase of 0.3 and 0.1 percentage points respectively over the previous month. The sales prices of new commercial housing and second-hand housing in 35 third-tier cities rose 0.8% and 0.5% respectively from the previous month, an increase of 0.1 and 0.2 percentage points respectively over the previous month.

Second, the price increase of newly built commercial housing and second-hand housing in first-tier cities has expanded compared with the same period last year, while the increase in second-and third-tier cities has continued to decline.

In June, according to preliminary estimates, the sales prices of newly built commercial housing and second-hand housing in first-tier cities rose 3.3% and 5.2% respectively over the same period last year, an increase of 0.4 and 1.1 percentage points respectively over the previous month. The sales price of newly built commercial housing in second-tier cities rose 5.3% from the same period last year, down 0.1 percentage points from the previous month, while the price of second-hand housing rose 2.0% year-on-year, the same rate as the previous month. Sales prices of newly built commercial housing and second-hand housing both rose the same or fell for 14 consecutive months. The sales prices of new commercial housing and second-hand housing in third-tier cities rose 4.6% and 2.0% respectively from the same period last year, down 0.2 and 0.1 percentage points from the previous month, both the same or falling for 15 consecutive months.

Scan the QR code and join the SMM metal communication group.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Economic Improvement of the Boumadine Polymetallic Mine in Morocco
8 hours ago
Economic Improvement of the Boumadine Polymetallic Mine in Morocco
Read More
Economic Improvement of the Boumadine Polymetallic Mine in Morocco
Economic Improvement of the Boumadine Polymetallic Mine in Morocco
8 hours ago
Panguna Copper-Gold Mine Camp Attacked, Highlighting Security Risks to Redevelopment
9 hours ago
Panguna Copper-Gold Mine Camp Attacked, Highlighting Security Risks to Redevelopment
Read More
Panguna Copper-Gold Mine Camp Attacked, Highlighting Security Risks to Redevelopment
Panguna Copper-Gold Mine Camp Attacked, Highlighting Security Risks to Redevelopment
The Autonomous Bougainville Government said the Lloyds Panguna Metals & Energy Limited camp at the Panguna copper-gold mine was attacked on September 13. Personnel were assaulted and machinery was damaged in an arson attack. Authorities have not disclosed the extent of injuries or equipment losses. President Ishmael Toroama condemned the incident and said the government would continue pursuing the mine’s redevelopment.
9 hours ago
NICICO Puts Iran’s Copper Ore Resources at 24.5bn Tonnes; Exploration Drilling Nears 200,000 Metres
9 hours ago
NICICO Puts Iran’s Copper Ore Resources at 24.5bn Tonnes; Exploration Drilling Nears 200,000 Metres
Read More
NICICO Puts Iran’s Copper Ore Resources at 24.5bn Tonnes; Exploration Drilling Nears 200,000 Metres
NICICO Puts Iran’s Copper Ore Resources at 24.5bn Tonnes; Exploration Drilling Nears 200,000 Metres
According to Iranian media reports citing Seyed Mostafa Feiz, CEO of the National Iranian Copper Industries Company (NICICO), Iran’s geological copper ore resources rose to 24.5 billion tonnes from 22.2 billion tonnes at the start of the Iranian year, up 10.6%. Mineable (designable) reserves increased to 18.2 billion tonnes from 16.8 billion tonnes, while 198,462 metres of exploration drilling were completed in the first five months—about 40% of the 500,000-metre full-year target. At Miduk, mineable reserves rose 123% to 1.77 billion tonnes and geological resources increased 186% to 2.883 billion tonnes. The Sarcheshmeh cluster’s mineable reserves reached 7.7 billion tonnes at an average grade of 0.41%, with the mine’s operating permit extended through Iranian year 1429 (around 2050–51). Total material extracted during the period exceeded 153 million tonnes, up about 4% year on year; this figure includes sulphide ore, oxide material and waste rock, and is not copper production. The expanded resource and reserve base supports Iran’s longer-term development potential, but does not imply an immediate increase in supply.
9 hours ago
Bureau of Statistics: sales prices of commercial housing rose slightly in June - Shanghai Metals Market (SMM)