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<CN Home>NBS: CN May Newly Built Commercial Housing Prices in 1st-tier Cities Slip 1.7% YoY, 2nd-hand Home Prices Fall 2.7%
In May, the selling prices of commercial residential properties in 70 large and medium-sized cities declined MoM, with the YoY fall continuing to narrow, according to the announcem...
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<CN Home>NBS: CN May Newly Built Commercial Housing Prices in 1st-tier Cities Slip 1.7% YoY, 2nd-hand Home Prices Fall 2.7%
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In May, the selling prices of commercial residential properties in 70 large and medium-sized cities declined MoM, with the YoY fall continuing to narrow, according to the announcement made by the National Bureau of Statistics of China (NBS).

During the period, the selling prices of newly built commercial residential properties in first-tier cities fell by 1.7% YoY, a 0.4 ppts narrower decline compared to April. Of which, Shanghai rose by 5.9%, while Beijing/ Guangzhou/ Shenzhen dropped by 4.3%/ 5.8%/ 2.6% respectively.

Related NewsRetail Sales YoY for May in China is 6.4%, higher than the previous value of 5.1%. The forecast was 5%.
The selling prices of second-hand residential properties in first-tier cities decreased by 2.7% YoY, a 0.5 ppts narrower decline compared to April. Of which, Beijing, Shanghai, Guangzhou and Shenzhen faded by 0.7%, 0.1%, 6.6% and 3.2% each.

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