The National Bureau of Statistics released today the statistical data on the changes in sales prices of commercial residential properties in 70 large and medium-sized cities in April 2019. Liu Jianwei, Senior Statistician of the Urban Department of the National Bureau of Statistics, provided an interpretation on this matter.
 
1、 The month on month increase in sales prices of newly-built and second-hand residential properties in first tier cities has slightly expanded; The increase in sales prices of newly-built commercial residential properties in second tier cities has expanded, while the increase in prices of second-hand residential properties has fallen; The price increase of newly built commercial residential properties in third tier cities has fallen, while the price increase of second-hand residential properties has slightly expanded
 
In April, various regions further implemented the long-term regulatory mechanism of tailored policies for each city, tailored policies for each city, and the main responsibility of urban governments, and the real estate market continued to maintain a stable trend. The sales prices of newly-built residential properties in four first tier cities increased by 0.6% month on month, with the growth rate expanding by 0.4 percentage points compared to the previous month. Among them, Beijing, Shanghai, Guangzhou, and Shenzhen rose by 0.5%, 0.3%, 1.1%, and 0.4% respectively. The sales price of second-hand residential properties increased by 0.4% month on month, with the growth rate expanding by 0.1 percentage points compared to the previous month. Among them, Beijing, Shanghai, and Shenzhen rose by 0.6%, 0.5%, and 1.1% respectively, while Guangzhou fell by 0.4%. The sales prices of newly-built commercial residential properties in 31 second tier cities increased by 0.8% month on month, with the growth rate expanding by 0.2 percentage points compared to the previous month; The sales price of second-hand residential properties increased by 0.6%, but the increase rate decreased by 0.6 percentage points. The sales prices of newly-built commercial residential properties in 35 third tier cities increased by 0.5% month on month, a decrease of 0.2 percentage points from the previous month; The sales price of second-hand residential properties increased by 0.6%, with the growth rate expanding by 0.1 percentage points.
 
2、 The year-on-year increase in sales prices of newly-built and second-hand residential properties in first - and second tier cities has slightly expanded; The year-on-year increase in sales prices of newly-built commercial residential properties in third tier cities has fallen, while the increase in prices of second-hand residential properties remains the same as last month
 
In April, the sales prices of newly-built residential properties in first tier cities increased by 4.7% year-on-year, an increase of 0.5 percentage points compared to the previous month; The sales price of second-hand residential properties increased by 0.8%, with the growth rate expanding by 0.3 percentage points. The sales prices of newly-built residential properties and second-hand residential properties in second tier cities increased by 12.3% and 8.3% respectively year-on-year, with both increases expanding by 0.1 percentage points compared to the previous month. The sales price of newly-built residential properties in third tier cities increased by 11.3% year-on-year, a decrease of 0.1 percentage points from the previous month; The sales price of second-hand residential properties has increased by 8.4%, the same increase as last month.