According to the website of the National Bureau of Statistics, on October 19th, Yang Caifang, a senior statistician at the Urban Department of the National Bureau of Statistics, interpreted the statistical data on the changes in sales prices of commercial residential properties in September 2026. In September 2026, among 70 large and medium-sized cities, the sales prices of commodity residential properties in first tier cities continued to rise month on month, while the overall decline in second - and third tier cities narrowed month on month. The year-on-year decline in first, second, and third tier cities also narrowed, and the number of cities with month on month increases increased compared to the previous month.
The sales prices of commodity residential properties in first tier cities continue to rise month on month, while the overall decline in second and third tier cities has narrowed
In September, the sales prices of newly-built residential properties in first tier cities increased by 0.1% month on month, with the same growth rate as the previous month. Among them, Shanghai, Guangzhou, and Shenzhen rose by 0.2%, 0.2%, and 0.3% respectively, while Beijing fell by 0.2%. The sales prices of newly-built commercial residential properties in second tier cities have remained unchanged from a 0.1% decrease in the previous month. The sales price of newly-built residential properties in third tier cities decreased by 0.2% month on month, with the same decline as last month. Among 70 large and medium-sized cities, 17 cities saw a month on month increase in the sales prices of newly-built residential properties, an increase of 2 cities compared to the previous month.
In September, the sales prices of second-hand residential properties in first tier cities increased by 0.2% month on month, with the growth rate expanding by 0.1 percentage points compared to the previous month. Among them, Beijing, Shanghai, Guangzhou, and Shenzhen rose by 0.1%, 0.5%, 0.1%, and 0.2% respectively. The sales prices of second-hand residential properties in second tier cities decreased by 0.2% month on month, narrowing the decline by 0.1 percentage points compared to the previous month. The sales price of second-hand residential properties in third tier cities decreased by 0.3% month on month, with the same decrease as last month. Among 70 large and medium-sized cities, 9 cities have seen a month on month increase in the sales prices of second-hand residential properties, an increase of 6 cities compared to the previous month.
The year-on-year decline in sales prices of residential properties in first, second, and third tier cities has narrowed
In September, the sales prices of newly-built commercial residential properties in first tier cities decreased by 0.5% year-on-year, narrowing the decline by 0.4 percentage points compared to the previous month. Among them, Beijing, Guangzhou, and Shenzhen decreased by 2.7%, 1.1%, and 1.0% respectively, while Shanghai rose by 2.8%. 2、 The sales prices of newly-built residential properties in third tier cities decreased by 2.4% and 3.9% year-on-year, respectively, with the decline narrowing by 0.3 and 0.2 percentage points, respectively.
In September, the sales prices of second-hand residential properties in first tier cities decreased by 1.5% year-on-year, narrowing the decline by 1.2 percentage points compared to the previous month. Among them, Beijing, Guangzhou, and Shenzhen decreased by 2.5%, 2.9%, and 1.5% respectively, while Shanghai rose by 0.8%. 2、 The sales prices of second-hand residential properties in third tier cities decreased by 4.5% and 5.4% year-on-year, respectively, with the decline narrowing by 0.4 and 0.2 percentage points, respectively. (Outlook New Era)