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China: Sales Prices of Residential Buildings in 70 Medium and Large-sized Cities in July 2011
added: 2011-08-23

Comparing with the previous month, among 70 medium and large-sized cities, the sales prices of newly constructed residential buildings declined in 14 cities while that of 17 cities remained general level. The chain index decreased and remained the general level rose by 5 cities in July as compared with previous month. The growth rate of chain index within 1.0 percent in the cities with increasing price, while that of 15 cities dipped.

I. The Sales Prices of Newly Constructed Residential Buildings (excluding affordable housing)

Comparing with the previous month, among 70 medium and large-sized cities, the sales prices of newly constructed residential buildings declined in 14 cities while that of 17 cities remained general level. The chain index decreased and remained the general level rose by 5 cities in July as compared with previous month. The growth rate of chain index within 1.0 percent in the cities with increasing price, while that of 15 cities dipped.

Comparing with the same month last year, the sales prices of newly constructed residential buildings decreased in 1 city, while the year-on-year increase rate dropped in 26 cities. In July, the growth rates of 39 cities were within 5.0 percent, year-on-year.

II. Sales Prices of Second-Hand Residential Buildings

Comparing with the previous month, the sales prices of second-hand residential buildings decreased in 22 cities, while that of 12 cities remained general level. The growth rates of chain index were within 1.0 percent in the cities with increasing price, while that of 35 cities were less than 0.5 percent.

Comparing with the same month last year, the sales prices of second-hand residential buildings decreased in 4 cities. The growth rates of 28 cities dropped, increased 4 cities over June. In July, the growth rates of 49 cities were within 5.0 percent, year-on-year.


Source: National Bureau of Statistics of China

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