National Bureau of Statistics: in August, the price of commercial housing in a second tier city was stable.

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 National Bureau of Statistics: in August, the price of commercial housing in a second tier city was stable.


Liu Jianwei, Senior Statistician of the Urban Department of the National Bureau of Statistics

The National Bureau of Statistics today released statistics on the changes in the sales prices of commercial housing in 70 large and medium-sized cities in August 2008. In this regard, Liu Jianwei, Senior Statistician of the National Bureau of statistics, explained.

First, second tier cities, commercial housing sales price changes generally stable.

In August, local governments continued to adhere to the principle of adapting measures to local conditions, taking measures according to the city and comprehensively regulating and controlling the real estate market, and strived to promote the steady and healthy development of the real estate market. According to preliminary estimates, sales prices of newly built commercial housing in four first-tier cities rose 0.3% year on year, a slight increase of 0.1 percentage points over the previous month; rose 0.9% year-on-year, a fall of 4.1 percentage points over the same month of last year; and fell 0.1% on average from January to August, up 14.6% over the same period of last year. Prices of second-hand residential sales rose 0.2% to flat from last month, 1.2% year-on-year, down 6.4 percentage points from the same month last year, and 0.5% year-on-year from January to August, down 15.9 percentage points from the same period last year.

Sales prices of new commercial housing in 31 second-tier cities rose 1.3%, 0.2 percentage points higher than last month, 8.6% higher than the same month last year, 0.6 percentage points higher than the same month last year, and 6.2% higher on average from January to August, 5.3 percentage points lower than the same period last year. Prices of second-hand residential sales rose 1.3%, 0.3 percentage points higher than the previous month; 6.5% higher than the same month last year; 1.0 percentage points lower than the same month last year; 4.9% higher on average in January-August; and 4.4 percentage points lower than the same period last year.

Sales prices of commercial housing in two or three tier cities have risen.

Sales prices of new commercial housing in 35 third-tier cities rose 2.0% year-on-year, 0.5 percentage points higher than last month, 8.3% higher, 1.0 percentage points lower than the same month last year, and 7.0% higher on average in January-August, 1.2 percentage points lower than the same period last year. Prices of second-hand residential sales rose 1.4% year-on-year, 0.3 percentage points higher than the previous month, 6.4% higher, 0.1 percentage points lower than the same month last year, and 4.9% higher on average in January-August, 0.4 percentage points lower than the same period last year. Sales of new residential buildings in 15 hot cities rose and fell in August. Sales of new residential buildings in 15 hot cities fell by 1, down from the previous month; 2 were flat, the same as last month; 12 were up by 1, with a maximum increase of 3.4%. Two cities fell year-on-year, two fewer than last month, with the biggest drop of 1.6%, and 13 more, two more, with the highest increase of 10.2%. Source: National Bureau of Statistics website editor: Zhao Yaping _NN9005

Sales prices of new commercial housing in 35 third-tier cities rose 2.0% year-on-year, 0.5 percentage points higher than last month, 8.3% higher, 1.0 percentage points lower than the same month last year, and 7.0% higher on average in January-August, 1.2 percentage points lower than the same period last year. Prices of second-hand residential sales rose 1.4% year-on-year, 0.3 percentage points higher than the previous month, 6.4% higher, 0.1 percentage points lower than the same month last year, and 4.9% higher on average in January-August, 0.4 percentage points lower than the same period last year.

Three, 15 hot cities, new commercial housing sales prices have gone up or down.

In August, one of the 15 hotspots saw a drop in new residential sales, down one from the previous month; two were flat, the same as the previous month; and 12 were up, up one, with a maximum increase of 3.4%. Two cities fell year-on-year, two fewer than last month, with the biggest drop of 1.6%, and 13 more, two more, with the highest increase of 10.2%.