National Bureau of Statistics: In October, the sales price of newly built commercial residential buildings in first-tier cities decreased by 0.8% year-on-year.

In October, the sales prices of newly-built residential properties in first-tier cities decreased by 0.8% year-on-year, with the decline widening by 0.1 percentage points compared to the previous month. Among them, Shanghai increased by 5.7%, while Beijing, Guangzhou, and Shenzhen decreased by 2.0%, 4.2%, and 2.6% respectively. The sales prices of newly-built residential properties in second-tier cities decreased by 2.0% year-on-year, narrowing by 0.1 percentage points. The sales prices of newly-built residential properties in third-tier cities decreased by 3.4% year-on-year, remaining the same as the previous month. In October, the sales prices of existing residential properties in first-tier cities decreased by 4.4% year-on-year, with the decline widening 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 existing residential properties in second-tier cities decreased by 5.2% year-on-year, with the decline widening by 0.2 percentage points. The sales prices of existing residential properties in third-tier cities decreased by 5.7% year-on-year, remaining the same as the previous month.