National Bureau of Statistics: In August, prices of commercial residential properties in first-tier cities rose month-on-month.

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