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

The sales price of commercial residential buildings rose steadily in November

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

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In November 2020, all localities conscientiously implemented the deployment of the Party Central Committee and the State Council, focusing on the regulation goals of stabilizing land prices, stabilizing housing prices, and stabilizing expectations, and further implemented the long-term real estate mechanism to promote the stable and healthy development of the real estate market. Real estate in 70 large and medium-sized cities The market price increase was generally stable, with a slight fall.

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   1. The sales prices of newly-built commercial housing and second-hand housing in various tier cities have the same month-on-month increase or fall back

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   Preliminary estimates show that in November, the sales price of newly-built commercial residential buildings in four first-tier cities rose by 0.2% month-on-month, and the increase was 0.1% lower than the previous month. Among them, Beijing fell by 0.1%, Shanghai and Shenzhen were flat, and Guangzhou rose by 0.9%. The sales price of second-hand housing rose 0.5% month-on-month, the same rate as last month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen rose 0.5%, 0.3%, 0.8% and 0.6% respectively. The sales price of newly built commercial housing in 31 second-tier cities increased by 0.1% month-on-month, the same rate as last month; the sales price of second-hand housing increased by 0.1% month-on-month, and the rate of increase fell 0.1% from the previous month. The sales price of newly built commercial housing in 35 third-tier cities rose by 0.1% month-on-month, and the increase was 0.1 percentage point lower than the previous month; the sales price of second-hand housing rose by 0.2% month-on-month, the same as the previous month.

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   2. The year-on-year increase in the sales price of newly-built commercial residential buildings in various tier cities has fallen from the previous month, and the increase in second-hand residential buildings has remained stable

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   Preliminary estimates show that in November, the sales price of newly-built commercial residential buildings in first-tier cities increased by 3.9% year-on-year, 0.2 percentage points lower than the previous month; the sales prices of second-hand residential buildings rose 8.3% year-on-year, an increase of 0.3 percentage points from the previous month. The sales price of newly built commercial housing in second-tier cities rose 4.2% year-on-year, 0.2 percentage points lower than the previous month; the sales price of second-hand housing rose 2.1% year-on-year, the same as the previous month. The sales price of newly built commercial housing in third-tier cities rose by 3.8% year-on-year, 0.2 percentage points lower than the previous month; the sales price of second-hand housing rose by 1.5% year-on-year, the same rate as the previous month.

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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