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<CN Home>NBS: YoY Price Declines of New Homes in All Tier Cities Continue to Narrow in Mar
Recommend 32 Positive 62 Negative 13 2025/04/16 01:35 GMT
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The selling prices of newly built commercial housings in first-tier cities fell by 2.8% YoY in March, with the decline rate narrowing by 0.2 ppts from the previous month, according to data released by China's National Bureau of Statistics (NBS). Of which, that in Shanghai saw a 5.7% increase, while Beijing/ Guangzhou/ Shenzhen saw declines of 5.7%/ 7.2%/ 3.9% each. The selling prices of second-hand homes in first-tier cities dropped by 4.1% YoY, a 0.8 ppts narrower decline, with Beijing/ Shanghai/ Guangzhou/ Shenzhen recording decreases of 2.1%/ 1.4%/ 8.7%/ 4.1% respectively.
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