According to statistics from the National Bureau of Statistics, in May, the sales price of new commodity residences in first-tier cities fell by 0.7% on a month-on-month basis, with the decline expanding by 0.1 percentage points from the previous month. Among them, Beijing, Guangzhou, and Shenzhen fell by 1.1%, 1.4%, and 0.8%, respectively, while Shanghai rose by 0.6%. The sales prices of new commodity residences in second- and third-tier cities fell by 0.7% and 0.8% on a month-on-month basis, respectively, with the declines expanding by 0.2 percentage points from the previous month.
5月份，一线城市新建商品住宅销售价格环比下降0.7%
In May, the sales price of new commodity residences in first-tier cities fell by 0.7% on a month-on-month basis.
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