National Bureau of Statistics: Commercial residential sales prices in first-tier cities rose sequentially in August

The Zhitong Finance App learned that Yang Caifang, senior statistician of the City Department of the National Bureau of Statistics, interpreted statistics on changes in commercial residential sales prices in August 2026. In August 2026, out of 70 large and medium-sized cities, commercial residential sales prices rose month-on-month in first-tier cities. The overall month-on-month decline in second- and third-tier cities narrowed, and the year-on-year decline in Tier 1, 2, and 3 cities continued to narrow. In August, second-hand residential sales prices in first-tier cities rose 0.1% month-on-month, down 0.1 percentage points from the previous month. Among them, Shanghai and Shenzhen rose 0.3% and 0.1% respectively, Guangzhou remained flat, and Beijing declined 0.1%. Second-hand residential sales prices in second-tier cities fell 0.3% month-on-month, the same decline as last month.

The original text is as follows:

Yang Caifang, senior statistician of the City Department of the National Bureau of Statistics, interprets statistics on changes in commercial residential sales prices in August 2026

The year-on-year decline in commercial residential sales prices in major cities continued to narrow in August

——Yang Caifang, senior statistician of the City Department of the National Bureau of Statistics, interprets statistics on changes in commercial residential sales prices in August 2026

In August 2026, out of 70 large and medium-sized cities, commercial residential sales prices rose month-on-month in first-tier cities. The overall month-on-month decline in second- and third-tier cities narrowed, and the year-on-year decline in Tier 1, 2, and 3 cities continued to narrow.

Commercial residential sales prices in first-tier and first-tier cities rose month-on-month, while the overall month-on-month decline in second- and third-tier cities narrowed

In August, sales prices of newly built commercial residential homes in first-tier cities changed from being flat last month to rising 0.1% month-on-month. Among them, Shanghai, Guangzhou and Shenzhen rose 0.4%, 0.1%, and 0.2%, respectively, while Beijing declined 0.2%. Sales prices of newly built commercial residential homes in second-tier cities fell 0.1% month-on-month, the same decline as last month. Sales prices of newly built commercial residential homes in third-tier cities fell 0.2% month-on-month, and the decline was 0.1 percentage points narrower than the previous month. Of the 70 large and medium-sized cities, sales prices of newly built commercial residential homes rose or remained flat in 21 cities, a decrease of 2 from the previous month.

In August, second-hand residential sales prices in first-tier cities rose 0.1% month-on-month, down 0.1 percentage points from the previous month. Among them, Shanghai and Shenzhen rose 0.3% and 0.1% respectively, Guangzhou remained flat, and Beijing declined 0.1%. Second-hand residential sales prices in second-tier cities fell 0.3% month-on-month, the same decline as last month. Second-hand residential sales prices in third-tier cities fell 0.3% month-on-month, and the decline was 0.1 percentage points narrower than the previous month. Of the 70 large and medium-sized cities, second-hand housing sales prices rose or remained flat in 8 cities, the same as last month.

The year-on-year decline in commercial residential sales prices in Tier 1, 2, and 3 cities continued to narrow

In August, sales prices of newly built commercial residential homes in first-tier cities fell 0.9% year on year, and the decline was 0.2 percentage points narrower than the previous month. Among them, Beijing, Guangzhou, and Shenzhen declined by 2.3%, 1.9%, and 2.3%, respectively, while Shanghai rose 3.0%. The sales price of newly built commercial residential homes in second- and third-tier cities decreased by 2.7% and 4.1%, respectively, over the same period last year, and both narrowed by 0.1 percentage points.

In August, second-hand residential sales prices in first-tier cities fell 2.7% year on year, and the decline was 1.0 percentage point narrower than the previous month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen declined by 3.5%, 0.8%, 3.8%, and 2.7%, respectively. Second-hand residential sales prices in second- and third-tier cities fell by 4.9% and 5.6%, respectively, over the same period last year, and both narrowed by 0.2 percentage points.

This article was compiled from the official website of the “National Bureau of Statistics”. Zhitong Finance Editor: Liu Jiayin.