Up or Down? (April 2018)

31/05/2018

Image: BWPI

​​​chinaurbanisationnews

Sales Prices of Residential Buildings in 70 Medium and Large-sized Cities in April 2018
​
The house prices in 70 major Chinese cities have experienced fewer fluctuations over the past year. Prices of first-hand and second-hand homes in smaller cities, known as tier-2 or tier-3 had the price gains, rather than 1st tier cities. New house prices in Beijing, Shanghai, Guangzhou and Shenzhen saw minor drops, compared to the same month last year.

Image: China.com

​I. Sales Prices of Newly Constructed Residential Buildings (excluding affordable housing).

Year-on-Year price changes:

• Increased in 59 cities (top 5 cities are Harbin 12%, Xi'an 11.2%, Beihai 11.1%, Dalian 10.9%, Kunming 10.4%)
• 1 city (Quanzhou) remained at the same level
• Decreased in 10 cities (Shenzhen 2.2%, Wuxi 2%, Fuzhou 1.7%, Nanjing 1.6%, Guangzhou 0.8%, Beijing 0.7%, Hefei 0.6%, Zhengzhou 0.4%, Hangzhou 0.3%, Shanghai 0.2%)

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Image: BWPI

​​II. Sales Prices of Second-Hand Residential Buildings.
​
​Year-on-Year price changes:

• Increased in 62 cities (top 5 cities are Urumqi 15%, Xi'an 9.4%, Harbin 9.1%, Taiyuan 8.7%, Jining 8.4%)
• No city remained at the same level
• Decreased in 8 cities (Beijing 6.9%, Xiamen 5.2%, Zhengzhou 2.3%, Shanghai 2%, Tianjin 0.6%, Shijiazhuang 0.4%, Jinan 0.1%, Nanjing 0.1%)

 

​Read the original article at stats.gov

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