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Beijing Business Daily (Reporter Wang Yinhao Li Han) On August 15, the National Bureau of Statistics released the changes in the sales prices of commercial housing in 70 large and medium-sized cities in July 2024, showing that in July 2024, the sales prices of commercial housing decreased month-on-month.

In July 2024, the sales price of newly built commercial housing in first-tier cities fell by 0.5% month-on-month, the same as the previous month. Among them, Beijing, Guangzhou and Shenzhen fell by 0.5%, 0.8% and 0.9% respectively, and Shanghai rose by 0.2%. The sales price of newly built commercial housing in second-tier cities fell by 0.6% month-on-month, a decrease of 0.1 percentage point from the previous month. The sales price of newly built commercial housing in third-tier cities fell by 0.7% month-on-month, a decrease of 0.1 percentage point from the previous month.

In July 2024, the sales price of second-hand residential properties in first-tier cities fell by 0.5% month-on-month, 0.1 percentage point wider than the previous month. Beijing remained unchanged, Shanghai rose by 0.1%, Guangzhou and Shenzhen fell by 0.9% and 1.2% respectively. The sales prices of second-hand residential properties in second- and third-tier cities both fell by 0.8% month-on-month, 0.1 percentage point narrower than the previous month.