On June 17, the National Bureau of Statistics announced that the price increase of commercial housing sales stabilized in May.

Chief statistician Shou Guoqing of the City Department of the National Bureau of Statistics interprets the statistical data on the price changes of commercial housing sales in May 2021:

In May 2021, the price increases of commercial housing sales in 70 large and medium-sized cities remained basically stable.

The sales price of new commercial housing in first-tier cities has increased slightly, while the increase of second-hand housing has dropped.

It is estimated that in May, the price of newly built commercial housing in four first-tier cities rose 0.7% month-on-month, a slight increase of 0.1% over the previous month, and 6.0% year-on-year, an increase of 0.2% over the previous month. The price of second-hand housing in first-tier cities rose 0.6% month-on-month, down 0.2 percentage points from last month. Among them, Beijing, Shanghai and Guangzhou rose 1.1%, 0.7% and 0.9% respectively from the previous month, down 0.1%, 0.2% and 0.3% from the previous month, while Shenzhen fell 0.1% from the previous month. The price of second-hand housing in first-tier cities rose 10.8% from a year earlier, down 0.5 percentage points from last month.

The price increase of commercial housing in second-and third-tier cities may be the same as that of the previous month, and the year-on-year increase is basically stable.

It is estimated that in May, the prices of newly built commercial housing in 31 second-tier cities and 35 third-tier cities rose 0.6% and 0.4% respectively from the previous month, the same increase as the previous month; second-hand housing sales prices rose 0.4% and 0.2% respectively from the previous month, down 0.1 percentage points from the previous month. The sales prices of new commercial housing and second-hand housing in second-tier cities rose 5.0% and 3.5% respectively from the same period last year, a slight increase of 0.1 percentage points over the previous month. The price of newly built commercial housing in third-tier cities rose 3.8% from the same period last year, down 0.1% from the previous month, while the price of second-hand housing rose 2.6% from the same period last year, a slight increase of 0.1% over the previous month.