National Bureau of Statistics: In October, the sales price of newly built residential properties in first-tier cities decreased by 0.3% compared to the previous month, the same as the previous month.

In October, the sales prices of newly built residential properties in first-tier cities decreased by 0.3% month-on-month, the same as the previous month. Among them, Shanghai increased by 0.3%, while Beijing, Guangzhou, and Shenzhen decreased by 0.1%, 0.8%, and 0.7% respectively. The sales prices of newly built residential properties in second-tier cities decreased by 0.4% month-on-month, the same as the previous month. The sales prices of newly built residential properties in third-tier cities decreased by 0.5% month-on-month, with the decrease expanding by 0.1 percentage point. In October, the sales prices of second-hand residential properties in first-tier cities decreased by 0.9% month-on-month, narrowing by 0.1 percentage point 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 by 0.1 percentage point. The sales prices of second-hand residential properties in third-tier cities decreased by 0.7% month-on-month, with the decrease widening by 0.1 percentage point.