National Bureau of Statistics: Overall decrease in sales prices of commercial residential buildings in major cities in October.

On November 14, Wang Zhonghua, Chief Statistician of the Urban Division of the National Bureau of Statistics, interpreted the statistical data on the changes in commodity residential sales prices in October 2025. In October, the sales prices of newly-built commodity residential properties in first-tier cities decreased by 0.3% compared to the previous month, with the same rate of decline as the previous month. The sales prices of second-hand residential properties in first-tier cities decreased by 0.9% compared to the previous month, with a narrowing decline of 0.1 percentage points. The original text states: Overall decline in sales prices of commodity residential properties in various tier cities in October - Wang Zhonghua, Chief Statistician of the Urban Division of the National Bureau of Statistics, interprets the statistical data on the changes in commodity residential sales prices in October 2025 In October 2025, among the 70 large and medium-sized cities, the sales prices of commodity residential properties in various tier cities decreased month-on-month and year-on-year. I. Month-on-month decline in sales prices of commodity residential properties in various tier cities In October, the sales prices of newly-built commodity residential properties in first-tier cities decreased by 0.3% compared to the previous month, with the same rate of decline as the previous month. Among them, Shanghai rose by 0.3%, while Beijing, Guangzhou, and Shenzhen decreased by 0.1%, 0.8%, and 0.7% respectively. The sales prices of newly-built commodity residential properties in second-tier cities decreased by 0.4% month-on-month, with the same rate of decline as the previous month. The sales prices of newly-built commodity residential properties in third-tier cities decreased by 0.5% month-on-month, with an increase in the rate of decline by 0.1 percentage points. In October, the sales prices of second-hand residential properties in first-tier cities decreased by 0.9% month-on-month, narrowing the decline by 0.1 percentage points compared to the previous month. Among them, Beijing, Shanghai, Guangzhou, and Shenzhen decreased by 1.1%, 0.9%, 0.9%, and 0.9% respectively. The sales prices of second-hand residential properties in second-tier cities decreased by 0.6% month-on-month, narrowing the decline by 0.1 percentage points. The sales prices of second-hand residential properties in third-tier cities decreased by 0.7% month-on-month, with an increase in the rate of decline by 0.1 percentage points. II. Year-on-year decline in sales prices of commodity residential properties in various tier cities In October, the sales prices of newly-built commodity residential properties in first-tier cities decreased by 0.8% year-on-year, with an increase in the rate of decline by 0.1 percentage points compared to the previous month. Among them, Shanghai rose by 5.7%, while Beijing, Guangzhou, and Shenzhen decreased by 2.0%, 4.2%, and 2.6% respectively. The sales prices of newly-built commodity residential properties in second-tier cities decreased by 2.0% year-on-year, with a narrowing decline of 0.1 percentage points. The sales prices of newly-built commodity residential properties in third-tier cities decreased by 3.4% year-on-year, with the same rate of decline as the previous month. In October, the sales prices of second-hand residential properties in first-tier cities decreased by 4.4% year-on-year, with an increase in the rate of decline by 1.2 percentage points compared to the previous month. Among them, Beijing, Shanghai, Guangzhou, and Shenzhen decreased by 4.7%, 3.4%, 6.4%, and 3.3% respectively. The sales prices of second-hand residential properties in second-tier cities decreased by 5.2% year-on-year, with an increase in the rate of decline by 0.2 percentage points. The sales prices of second-hand residential properties in third-tier cities decreased by 5.7% year-on-year, with the same rate of decline as the previous month. Note: Classification of first, second, and third-tier cities in the statistical data of real estate prices in 70 large and medium-sized cities: First-tier cities refer to four cities including Beijing, Shanghai, Guangzhou, and Shenzhen; Second-tier cities refer to 31 cities including 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, Kunming, Xi'an, Lanzhou, Xining, Yinchuan, and Urumqi. Third-tier cities refer to 35 cities including Tangshan, Qinhuangdao, Baotou, Dandong, Jinzhou, Jilin, Mudanjiang, Wuxi, Xuzhou, 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, and Dali. This article is selected from the National Bureau of Statistics, edited by GMTEight: Chen Wenfang.