MIL-OSI Translation: Sheng Guoqing, chief statistician of the City Department of the National Bureau of Statistics, interprets the statistical data of the sales price changes of commercial residential buildings in May 2021

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

Sales prices of commercial residential buildings stabilized in May

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——Sheng Guoqing, chief statistician of the City Department of the National Bureau of Statistics, interpreted the statistical data of the sales price changes of commercial residential buildings in May 2021

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   In May 2021, the increase in the sales price of commercial housing in 70 large and medium-sized cities monitored by statistics has basically remained stable.

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   First-tier and first-tier cities saw a slight increase in the sales price of newly built commercial housing, while the increase in second-hand housing fell

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  According to estimates, in May, the sales price of newly-built commercial residential buildings in 4 first-tier cities rose by 0.7% month-on-month, a slight increase of 0.1 percentage points from the previous month; a year-on-year increase of 6.0%, an increase of 0.2 percentage points from the previous month. The sales price of second-hand housing in first-tier cities rose by 0.6% month-on-month, and the increase was 0.2 percentage points lower than the previous month. Among them, Beijing, Shanghai and Guangzhou rose by 1.1%, 0.7% and 0.9% respectively from the previous month, and the growth rate dropped by 0.1, 0.2 and 0.3 percentage points respectively from the previous month; Shenzhen changed from flat last month to a decrease of 0.1%. The sales price of second-hand housing in first-tier cities rose by 10.8% year-on-year, and the increase was 0.5 percentage points lower than the previous month.

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  The growth rate of the sales price of commercial residential buildings in second- and second-tier and third-tier cities fell or was the same as last month, and the year-on-year growth rate was basically stable

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According to estimates, in May, the sales prices of newly constructed commercial residential buildings in 31 second-tier cities and 35 third-tier cities increased by 0.6% and 0.4% respectively, the same as the previous month; the sales prices of second-hand residential buildings increased by 0.4% and 0.2%, respectively. An average drop of 0.1 percentage point from the previous month. The sales prices of new commercial housing and second-hand housing in second-tier cities rose by 5.0% and 3.5% year-on-year, respectively, a slight increase of 0.1 percentage point from the previous month’s average. The sales price of newly built commercial housing in third-tier cities rose by 3.8% year-on-year, 0.1 percentage point lower than the previous month; the sales price of second-hand housing rose 2.6% year-on-year, a slight increase of 0.1 percentage point from 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.

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