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Interpretation of the Bureau of Statistics: the sales price of commercial housing rose slightly in August.
Sep 14,2020 09:45CST
translation
Source:Bureau of Statistics
The content below was translated by Tencent automatically for reference.

SMM News: the sales price of commercial housing rose slightly in August.

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 August 2020.

In August 2020, all localities resolutely implemented the arrangements of the CPC Central Committee and the State Council, adhered to the positioning that houses are used for living, not for speculation, earnestly implemented the main responsibility of the city, and took targeted measures in a timely manner. the long-term mechanism of real estate has been safely implemented, and the real estate market in 70 large and medium-sized cities has been operating smoothly and prices have risen slightly.

I. the month-on-month increase in the sales price of new commercial housing in all cities has expanded slightly, while that of second-hand housing in second-tier cities has dropped from the previous month.

In August, according to preliminary estimates, the sales prices of newly built commercial housing in four first-tier cities rose 0.6% from the previous month, an increase of 0.1 percentage points over the previous month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen rose 0.6%, 0.6%, 0.9% and 0.5% respectively. The price of second-hand housing sales rose 1.0% from the previous month, an increase of 0.3 percentage points over the previous month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen rose 0.7%, 0.8%, 1.7% and 1.1% respectively. The sales price of new commercial housing in 31 second-tier cities rose 0.6% from the previous month, an increase of 0.1% over the previous month, while the price of second-hand housing rose 0.4% from the previous month, down 0.1% from the previous month. The sales prices of new commercial housing and second-hand housing in 35 third-tier cities rose 1.0% and 0.6% respectively from the previous month, an increase of 0.2 and 0.1 percentage points respectively over the previous month.

Second, the year-on-year increase in the prices of new commercial housing and second-hand housing in first-tier cities has expanded, while the year-on-year increase in second-and third-tier cities may be the same as that of last month.

In August, according to preliminary estimates, the sales prices of newly built commercial housing and second-hand housing in first-tier cities rose 3.9% and 6.9% respectively over the same period last year, an increase of 0.3 and 1.2 percentage points respectively over the previous month. The sales price of new commercial housing in second-tier cities rose 5.0 per cent year-on-year, down 0.1 percentage points from the previous month, while the sales price of second-hand housing rose 2.0 per cent year-on-year, the same rate as the previous month. The year-on-year increases in the prices of new commercial housing and second-hand housing in second-tier cities have been the same or declined for 16 months in a row. Sales prices of newly built commercial housing and second-hand housing in third-tier cities rose 4.5 per cent and 1.8 per cent respectively from a year earlier, the same increase as last month and the same or falling for 17 consecutive months.

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