According to data from the National Bureau of Statistics, in July, sales prices of newly built commercial residential homes in first-tier cities fell 1.1% year on year, and the decline was 0.2 percentage points narrower than the previous month. Among them, Beijing, Guangzhou, and Shenzhen declined by 2.3%, 2.2%, and 2.9%, respectively, while Shanghai rose 3.0%. The sales price of newly built commercial residential homes in second-tier cities fell 2.8% year on year, and the decline narrowed by 0.3 percentage points. The sales price of newly built commercial residential homes in third-tier cities fell 4.2% year on year, the same decline as last month. In July, second-hand residential sales prices in first-tier cities fell 3.7% year on year, and the decline was 1.2 percentage points narrower than the previous month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen declined by 4.5%, 2.0%, 4.7%, and 3.6%, respectively. Second-hand residential sales prices in second- and third-tier cities decreased by 5.1% and 5.8%, respectively, and the declines narrowed by 0.3 and 0.2 percentage points, respectively.

According to data from the National Bureau of Statistics, in July, sales prices of newly built commercial residential homes in first-tier cities fell 1.1% year on year, and the decline was 0.2 percentage points narrower than the previous month. Among them, Beijing, Guangzhou, and Shenzhen declined by 2.3%, 2.2%, and 2.9%, respectively, while Shanghai rose 3.0%. The sales price of newly built commercial residential homes in second-tier cities fell 2.8% year on year, and the decline narrowed by 0.3 percentage points. The sales price of newly built commercial residential homes in third-tier cities fell 4.2% year on year, the same decline as last month. In July, second-hand residential sales prices in first-tier cities fell 3.7% year on year, and the decline was 1.2 percentage points narrower than the previous month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen declined by 4.5%, 2.0%, 4.7%, and 3.6%, respectively. Second-hand residential sales prices in second- and third-tier cities decreased by 5.1% and 5.8%, respectively, and the declines narrowed by 0.3 and 0.2 percentage points, respectively.