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Sales Prices of Residential Buildings in 70 Medium and Large-sized Cities in August 2011
added: 2011-09-20

Comparing with the previous month, among 70 medium and large-sized cities, the sales prices of newly constructed residential buildings declined in 16 cities while that of 30 cities remained general level. The chain index decreased and remained the general level rose by 15 cities in August as compared with previous month. The month-on-month growth rate within 0.4 percent in the cities with increasing price, while that of 8 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 16 cities while that of 30 cities remained general level. The chain index decreased and remained the general level rose by 15 cities in August as compared with previous month. The month-on-month growth rate within 0.4 percent in the cities with increasing price, while that of 8 cities dipped.

In August, the year-on-year increase rate of sales prices of newly constructed residential buildings dropped in 40 cities, increased 14 cities over July. The year-on-year growth rates of 45 cities were within 5.0 percent.

II. Sales Prices of Second-Hand Residential Buildings

Comparing with the previous month, the sales prices of second-hand residential buildings decreased in 26 cities, while that of 17 cities remained general level. The chain index decreased and remained the general level rose by 9 cities in August as compared with previous month. The growth rates of chain index were within 0.7 percent in the cities with increasing price, while that of 25 cities were less than 0.5 percent.

Comparing with the same month last year, the sales prices of second-hand residential buildings decreased in 5 cities. The growth rates of 34 cities dropped, increased 6 cities over July. In August, 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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