CCTV News: Wang Zhonghua, chief statistician of the Urban Department of the National Bureau of Statistics, interprets the statistical data on changes in the sales prices of commercial housing in January 2025.

In January 2025, among the 70 large and medium-sized cities, the sales prices of commercial housing in first-tier cities continued to rise month-on-month, while the overall decline in second- and third-tier cities decreased slightly month-on-month; the year-on-year decline in first- and second- and third-tier cities continued to narrow.

The sales prices of commercial housing in first-tier cities continued to rise month-on-month, while the overall sales prices of commercial housing in second- and third-tier cities fell slightly month-on-month in January. In January, the sales prices of newly built commercial housing in first-tier cities rose by 0.1% month-on-month, a decrease of 0.1 percentage point from the previous month. Among them, Beijing fell 0.4%, Guangzhou remained flat, and Shanghai and Shenzhen rose 0.6% and 0.2% respectively. The sales prices of second-hand residential properties in first-tier cities rose by 0.1% month-on-month, a decrease of 0.2 percentage points from the previous month. Among them, Beijing, Shanghai and Shenzhen rose by 0.1%, 0.4% and 0.4% respectively, while Guangzhou fell by 0.2%.

In January, the sales prices of newly built commercial housing in second-tier cities turned from the same month to the same month to the same month, the first increase since June 2023; second-hand housing fell by 0.3% month-on-month, the same decline as last month. The sales prices of newly built commercial housing and second-hand housing in third-tier cities fell by 0.2% and 0.4% month-on-month, respectively, both of which were the same as last month.

In January, among the 70 large and medium-sized cities, 24 cities had new commercial housing sales prices increased month-on-month, an increase of 1 from the previous month; 7 cities had second-hand housing sales prices increased month-on-month, a decrease of 2 from the previous month.

The year-on-year decline in commercial housing sales prices in first- and second-tier cities continued to narrow

In January, the year-on-year sales prices of newly built commercial housing in first-tier cities fell by 3.4%, a decrease of 0.4 percentage points from the previous month. Among them, Beijing, Guangzhou and Shenzhen fell by 5.7%, 8.4% and 5.2% respectively, and Shanghai rose by 5.6%. The sales prices of second-hand residential properties in first-tier cities fell by 5.6% year-on-year, a decrease of 1.1 percentage points from the previous month, with Beijing, Shanghai, Guangzhou and Shenzhen falling by 3.8%, 2.3%, 10.0% and 6.1% respectively.

In January, the sales price of newly built commercial housing in second-tier cities fell by 5.0% year-on-year, a decrease of 0.4 percentage points from the previous month; second-hand housing fell by 7.6% year-on-year, a decrease of 0.3 percentage points from the previous month. The sales prices of newly built commercial housing and second-hand housing in third-tier cities fell by 6.0% and 8.2% year-on-year respectively, both narrowing by 0.2 percentage points from the previous month.

Note:

Real estate price statistics in 70 large and medium-sized cities first- and second-tier cities divided into first- and second-tier cities: first-tier cities refer to four cities including Beijing, Shanghai, Guangzhou, Shenzhen, etc.; second-tier cities refer to Tianjin, Shijiazhuang, Taiyuan, Hohhot, Shenyang, Dalian, Changchun, Harbin, Nanjing, Hangzhou, Ningbo, Hefei, Fuzhou, Xiamen, Nanchang, Jinan, Qingdao, Zhengzhou, Wuhan, Changsha, Nanning, Haikou, Chongqing, Chengdu, Guiyang 31 cities including Kunming, Xi'an, Lanzhou, Xining, Yinchuan, Urumqi; third-tier cities include Tangshan, Qinhuangdao, Baotou, Dandong, Jinzhou, Jilin, Mudanjiang, Wuxi, Xuzhou, Yangzhou, Yangzhou, Wenzhou, Jinhua, Bengbu, Anqing, Quanzhou, Jiujiang, Ganzhou, Yantai, Jining, Luoyang, Pingdingshan, Yichang, Xiangyang, Yueyang, Changde, Shaoguan, Zhanjiang, Huizhou, Guilin, Beihai, Sanya, Luzhou, Nanchong, Zunyi, Dali and other 35 cities.