National Bureau of Statistics: In July, the sales prices of commercial residential properties in first-tier cities increased overall compared to the previous month.

In July 2026, among 70 large and medium-sized cities, the sales prices of commercial residential properties in first-tier cities generally rose month-on-month, while those in second- and third-tier cities fell. The year-on-year decline in sales prices across first, second, and third-tier cities continued to narrow. 1. The sales prices of new commercial residential properties in first-tier cities rose month-on-month, while those in second- and third-tier cities declined. In July, the sales prices of new commercial residential properties in first-tier cities changed from a 0.1% increase last month to remaining flat. Specifically, Shanghai, Guangzhou, and Shenzhen increased by 0.2%, 0.1%, and 0.2% respectively, while Beijing decreased by 0.3%. The sales prices of new commercial residential properties in second-tier cities changed from flat last month to a decrease of 0.1%. The sales prices in third-tier cities fell by 0.3%, consistent with last month. Out of the 70 large and medium-sized cities, 23 cities saw an increase or no change in the month-on-month sales prices of new commercial residential properties, which is an increase of 2 compared to last month. In July, the month-on-month sales prices of second-hand residential properties in first-tier cities increased by 0.2%, a decrease of 0.1 percentage points from last month. Among these, Shanghai, Guangzhou, and Shenzhen increased by 0.3%, 0.4%, and 0.2% respectively, while Beijing remained flat. Second- and third-tier cities' second-hand residential property sales prices fell by 0.3% and 0.4% respectively, with the decline remaining the same as last month. Out of the 70 large and medium-sized cities, 8 cities saw an increase or no change in the second-hand residential property sales prices, a decrease of 2 compared to last month. 2. The year-on-year decline in sales prices of commercial residential properties in first, second, and third-tier cities continued to narrow. In July, the year-on-year sales prices of new commercial residential properties in first-tier cities decreased by 1.1%, narrowing the decline by 0.2 percentage points compared to last month. Specifically, Beijing, Guangzhou, and Shenzhen decreased by 2.3%, 2.2%, and 2.9% respectively, while Shanghai increased by 3.0%. The year-on-year sales prices of new commercial residential properties in second-tier cities decreased by 2.8%, with a decline narrowing by 0.3 percentage points. Third-tier cities saw a year-on-year decrease of 4.2% in sales prices, consistent with last month. In July, the year-on-year sales prices of second-hand residential properties in first-tier cities decreased by 3.7%, with the decline narrowing by 1.2 percentage points compared to last month. Among these, Beijing, Shanghai, Guangzhou, and Shenzhen decreased by 4.5%, 2.0%, 4.7%, and 3.6% respectively. Second- and third-tier cities experienced year-on-year decreases of 5.1% and 5.8% in second-hand residential property sales prices, with declines narrowing by 0.3 and 0.2 percentage points respectively. This article is edited from the official website of the National Bureau of Statistics. Edited by Liu Jiayin.