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<CN Home>NBS: CN 2nd-hand Residential Sales Prices in 1st-tier Cities Drop 0.2% MoM in Apr
In April, among the 70 large and medium-sized cities, the sales prices of commercial residential properties across all tier cities were flat or slightly lower MoM, with YoY decline...
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<CN Home>NBS: CN 2nd-hand Residential Sales Prices in 1st-tier Cities Drop 0.2% MoM in Apr
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In April, among the 70 large and medium-sized cities, the sales prices of commercial residential properties across all tier cities were flat or slightly lower MoM, with YoY declines continuing to narrow, according to data released by China's National Bureau of Statistics (NBS).

In first-tier cities, second-hand residential sales prices fell by 0.2% MoM, compared to a 0.2% MoM hike in the previous month. Of which, Shanghai's prices rose by 0.1%, while Guangzhou's remained flat. The prices in Beijing and Shenzhen dropped by 0.6% and 0.3% respectively.

In second-/ third-tier cities, second-hand residential sales prices decreased by 0.4% MoM, with the rate of decline widening by 0.2 ppts/ 0.1 ppt each from the previous month.

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