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China: Sales Price of Residential Buildings in 70 Cities in April 2011
added: 2011-05-24

The sales price of newly constructed residential buildings in 70 large and medium-sized cities decreased in 9 cities and that of remained the same level in 5 cities comparing with the previous month.

I. The Sales Price of Newly Constructed Residential Buildings

The sales price of newly constructed residential buildings in 70 large and medium-sized cities decreased in 9 cities and that of remained the same level in 5 cities comparing with the previous month.

Comparing with the previous month, the amount of increase in the surveyed cities was less than 1.0 percent. The growth rate of 26 cities narrowed, month-on-month.

Comparing with the same month of last year, the sales price of 3 cities declined, 1 city more than in the previous month. The number of cities with sales price decreased amounted to 52, 6 cities more than the previous month. In April, the growth rate of sales price in 29 cities exceeded 5.0 percent, 3 cities more than that was in March.

II. Sales Price of Second-Hand Residential Buildings

Comparing with last month, the sales price of second-hand residential buildings in 16 cities declined, and that of 13 cities remained the same level.

Comparing with last month, the number of cities with sales price remained the same level or decreased added 3. The growth rate of sales price in all the surveyed cities was with 1.0 percent.

Comparing with the same month of last year, the sales price in 8 cities declined, while that of the growth rate in 45 cities went down, the same as that in March. In April, the growth rate in 43 cities was within 5 percent, 2 cities more than in March.


Source: National Bureau of Statistics of China

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