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House prices in 70 cities were released in August: 59 cities rose month-on-month and Huizhou took the lead.
Sep 15,2020 09:55CST
translation
The monthly report on housing sales prices in 70 large and medium-sized cities released by the National Bureau of Statistics today shows that in August, 59 of the 70 large and medium-sized cities saw month-on-month increases in new commercial housing prices. Huizhou led the increase by 1.9 percent. North, Shanghai, Guangzhou and Shenzhen rose 0.6%, 0.6%, 0.9% and 0.5%, respectively.
The content below was translated by Tencent automatically for reference.

SMM: the National Bureau of Statistics today released the monthly report on housing sales prices in 70 large and medium-sized cities, showing that in August, 59 of the 70 large and medium-sized cities saw month-on-month increases in new commercial housing prices. Compared with the previous month, Huizhou led the way in rising 1.9 percent. North, Shanghai, Guangzhou and Shenzhen rose 0.6%, 0.6%, 0.9% and 0.5% respectively.

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In the four first-tier cities of Beijing, Shanghai, Guangzhou and Shenzhen, the price of newly built commercial housing in Beijing in August was + 0.6% (previous value + 0.3%), and + 3.4% compared with the same period last year (previous value + 3.3%). The price of new commercial housing in Shanghai in August was + 0.6% (previous value + 0.4%), and + 4.5% compared with the same period last year (previous value + 4.2%). The price of new commercial housing in Guangzhou in August was + 0.9% (previous value + 0.8%), year-on-year + 1.6% (previous value + 1.0%). The price of new commercial housing in Shenzhen in August was + 0.5% (previous value + 0.6%), compared with the same period last year (+ 6.2%) (previous value + 5.9%).

In terms of second-hand housing prices, second-hand housing prices in Beijing in August were + 0.7% month-on-month (previous value unchanged), compared with + 3.6% year-on-year (previous value + 2.5%). Shanghai second-hand housing prices in August + 0.8% (previous value + 0.5%), year-on-year + 4.1% (previous value + 3.3%). Guangzhou second-hand housing prices in August + 1.7% (previous value + 1.6%), year-on-year + 3.9% (previous value + 2.2%). Second-hand housing prices in Shenzhen in August compared with the previous month + 1.1% (previous value + 1.2%), year-on-year + 15.9% (previous value + 14.9%).

Kong Peng, chief statistician of the City Department of the National Bureau of Statistics, pointed out that in August, all localities resolutely implemented the arrangements of the CPC Central Committee and the State Council, adhering to the positioning that houses are used for living, not for speculation, and earnestly implemented the main responsibility of the city. timely targeted measures have been taken to safely implement the long-term mechanism of real estate, and the real estate market in 70 large and medium-sized cities has generally operated 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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