National Bureau of Statistics: In August, the year-on-year decline in sales prices of commercial residential properties in cities across all tiers continued to narrow.

In August, the year-on-year decline in sales prices of commercial residential properties in cities across all tiers continued to narrow. -- Interpretation by Yang Caifang, Senior Statistician of the Urban Department of the National Bureau of Statistics, of the statistical data on changes in sales prices of commercial residential properties in August 2026 In August 2026, among the 70 large and medium-sized cities, sales prices of commercial residential properties in first-tier cities rose month on month, the month-on-month decline in second- and third-tier cities generally narrowed, and the year-on-year decline in first-, second-, and third-tier cities continued to narrow. I. Sales prices of commercial residential properties in first-tier cities rose month on month, while the month-on-month decline in second- and third-tier cities generally narrowed. In August, the month-on-month sales prices of new commercial residential properties in first-tier cities turned from flat last month to an increase of 0.1 percent. Among them, Shanghai, Guangzhou, and Shenzhen rose 0.4 percent, 0.1 percent, and 0.2 percent, respectively, while Beijing fell 0.2 percent. The month-on-month sales prices of new commercial residential properties in second-tier cities fell 0.1 percent, the same decline as last month. The month-on-month sales prices of new commercial residential properties in third-tier cities fell 0.2 percent, with the decline narrowing by 0.1 percentage point from last month. Among the 70 large and medium-sized cities, 21 cities saw month-on-month increases or flat sales prices of new commercial residential properties, 2 fewer than last month. In August, the month-on-month sales prices of second-hand residential properties in first-tier cities rose 0.1 percent, with the increase down 0.1 percentage point from last month. Among them, Shanghai and Shenzhen rose 0.3 percent and 0.1 percent, respectively, Guangzhou was flat, and Beijing fell 0.1 percent. The month-on-month sales prices of second-hand residential properties in second-tier cities fell 0.3 percent, the same decline as last month. The month-on-month sales prices of second-hand residential properties in third-tier cities fell 0.3 percent, with the decline narrowing by 0.1 percentage point from last month. Among the 70 large and medium-sized cities, 8 cities saw month-on-month increases or flat sales prices of second-hand residential properties, the same as last month. II. The year-on-year decline in sales prices of commercial residential properties in first-, second-, and third-tier cities continued to narrow. In August, the year-on-year sales prices of new commercial residential properties in first-tier cities fell 0.9 percent, with the decline narrowing by 0.2 percentage point from last month. Among them, Beijing, Guangzhou, and Shenzhen fell 2.3 percent, 1.9 percent, and 2.3 percent, respectively, while Shanghai rose 3.0 percent. The year-on-year sales prices of new commercial residential properties in second- and third-tier cities fell 2.7 percent and 4.1 percent, respectively, with both declines narrowing by 0.1 percentage point. In August, the year-on-year sales prices of second-hand residential properties in first-tier cities fell 2.7 percent, with the decline narrowing by 1.0 percentage point from last month. Among them, Beijing, Shanghai, Guangzhou, and Shenzhen fell 3.5 percent, 0.8 percent, 3.8 percent, and 2.7 percent, respectively. The year-on-year sales prices of second-hand residential properties in second- and third-tier cities fell 4.9 percent and 5.6 percent, respectively, with both declines narrowing by 0.2 percentage point. This article is excerpted from the official website of the "National Bureau of Statistics," edited by GMTEight: Jiang Yuanhua.