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MIL OSI Translation. Region: Peoples Republic of China-China Statistical Information Network-Chinese-

The increase in the sales price of commercial housing fell slightly in September

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——Sheng Guoqing, a senior statistician from the City Department of the National Bureau of Statistics, interprets the statistical data on the changes in the sales price of commercial residential buildings in September 2020

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In September 2020, localities will continue to earnestly implement the arrangements of the Party Central Committee and the State Council, insist on the positioning of houses for living, not for speculation, fully implement the main responsibility of the city, focus on stabilizing land prices, house prices, and expectations, and promote the real estate market Stable and healthy development, the price increase of the real estate market in 70 large and medium-sized cities fell slightly.

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   1. The sales price of newly-built commercial housing and second-hand housing in various tier cities has fallen or the same month-on-month increase

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   In September, preliminary estimates showed that the sales price of newly-built commercial residential buildings in 4 first-tier cities increased by 0.4% month-on-month, and the increase was 0.2% lower than the previous month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen rose 0.3%, 0.5%, 0.6% and 0.4% respectively. The sales price of second-hand housing increased by 0.9% month-on-month, and the increase was 0.1 percentage point lower than the previous month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen rose 0.4%, 1.0%, 0.7% and 1.1% respectively. The sales prices of newly built commercial housing and second-hand housing in 31 second-tier cities increased by 0.3% and 0.2% respectively from the previous month, and the increase was 0.3 and 0.2 percentage points lower than the previous month. The sales price of newly built commercial housing in 35 third-tier cities increased by 0.5% month-on-month, and the increase was 0.5 percentage points lower than the previous month; the sales price of second-hand housing increased by 0.6% month-on-month, the same as the previous month.

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  The sales prices of new commercial housing and second-hand housing in second- and second- and third-tier cities continue to decline

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  In September, preliminary estimates indicate that the sales price of newly built commercial housing in first-tier cities rose by 3.9% year-on-year, the same rate as the previous month; the sales price of second-hand housing rose by 7.4% year-on-year, an increase of 0.5 percentage points from the previous month. The sales price of new commercial residential buildings in second-tier cities rose by 4.8% year-on-year, 0.2 percentage points lower than the previous month; the sales price of second-hand residential buildings rose by 2.0% year-on-year, the same as the previous month. The year-on-year increase in the sales prices of newly-built commercial housing and second-hand housing in second-tier cities has been the same or has fallen for 17 consecutive months. The sales prices of newly-built commercial housing and second-hand housing in third-tier cities increased by 4.4% and 1.7% year-on-year respectively, and the increase rate dropped by 0.1 percentage point from the previous month, both of which were the same or declined for 18 consecutive months.

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and/or sentence structure not be perfect.

MIL Translation OSI