Back    Zoom +    Zoom -
<CN Home>NBS: Commodity Residential Property Selling Prices in CN T1 Cities Grow MoM Last Dec; Price Decline in All Tiers of Cities Keep Slowing YoY
Recommend
34
Positive
53
Negative
24
Wang Zhonghua, Chief Statistician of the Urban Department of the National Bureau of Statistics (NBS), explained the changes in the selling prices of commodity residential properties in T1 cities in Mainland China in December 2024.

The statistics showed that the selling prices of new residential properties in T1 cities sank 3.8% YoY in December 2024, with the rate of decrease narrowing by 0.5 ppts compared with that of the previous month.

Related NewsBofAS Expects Volatility Ahead in CHINA VANKE (02202.HK) on Govt Intervention News
Among which, Beijing, Guangzhou and Shenzhen charted a slump of 5.4%, 9.1% and 6.1% respectively, while Shanghai posted a rise of 5.3%. Selling prices of second-hand residential properties in T1 cities dived 6.7% YoY, with the downfall slowing by 1.3 ppts, among which Beijing, Shanghai, Guangzhou and Shenzhen recorded slumps of 4.5%, 3.4%, 10.9% and 8% respectively.   
AAStocks Financial News