In February, the sales price of newly built residential Commodities in first-tier cities decreased by 3.0% year-on-year, narrowing by 0.4 percentage points from the previous month. Among them, Shanghai increased by 5.6%, while Peking, Guangzhou, and Shenzhen decreased by 5.5%, 7.8%, and 4.4%, respectively. The sales price of second-hand residential properties in first-tier cities decreased by 4.9% year-on-year, narrowing by 0.7 percentage points, with Peking, Shanghai, Guangzhou, and Shenzhen decreasing by 2.9%, 2.1%, 9.4%, and 5.3%, respectively. In February, the sales prices of newly built residential Commodities and second-hand residential properties in second-tier cities decreased by 4.7% and 7.4% year-on-year, respectively, narrowing by 0.3 and 0.2 percentage points from the previous month. In third-tier cities, the sales prices of newly built residential Commodities and second-hand residential properties decreased by 5.9% and 8.0% year-on-year, narrowing by 0.1 and 0.2 percentage points, respectively.
国家统计局：各线城市商品住宅销售价格同比降幅均继续收窄
National Bureau of Statistics: The year-on-year decline in sales prices of residential Commodities in all tier cities continues to narrow.
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