In October, the month-on-month increase in house prices in 70 large and medium-sized cities generally fell, and developers reduced prices and promoted sales.

　　On November 16th, the National Bureau of Statistics released the changes in the sales price of commercial housing in 70 large and medium-sized cities. Sheng Guoqing, senior statistician of the Urban Department of the National Bureau of Statistics, said that the price increase of the real estate market in 70 large and medium-sized cities remained stable or declined in October.

　　In October, the sales prices of newly-built commercial residential buildings and second-hand residential buildings in various cities generally declined. According to preliminary calculation, the sales price of new commercial housing in four first-tier cities increased by 0.3% month-on-month, and the growth rate dropped by 0.1 percentage point from last month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen rose by 0.2%, 0.3%, 0.5% and 0.2% respectively. The sales price of second-hand houses rose by 0.5% month-on-month, and the growth rate dropped by 0.4 percentage points from last month. Among them, Beijing, Shanghai, Guangzhou and Shenzhen rose by 0.4%, 0.5%, 0.6% and 0.9% respectively. The sales price of new commercial housing in 31 second-tier cities increased by 0.1% from the previous month, and the growth rate dropped by 0.2 percentage points from the previous month; The sales price of second-hand houses rose by 0.2% month-on-month, the same as last month. The sales prices of newly-built commercial residential buildings and second-hand residential buildings in 35 third-tier cities increased by 0.2% month-on-month, and the growth rate dropped by 0.3 and 0.4 percentage points respectively from last month.

　　At the same time, the sales prices of new commercial residential buildings and second-hand residential buildings in various cities have basically increased steadily year on year. In October, the sales prices of new commercial residential buildings and second-hand residential buildings in first-tier cities increased by 4.1% and 8.0% respectively year-on-year, with an increase of 0.2 and 0.6 percentage points respectively over the previous month. The sales price of new commercial housing in second-tier cities rose by 4.4% year-on-year, with the growth rate dropping by 0.4 percentage points from last month. The sales price of second-hand houses increased by 2.1% year-on-year, with a slight increase of 0.1 percentage point over the previous month. The sales prices of newly-built commercial residential buildings and second-hand residential buildings in third-tier cities increased by 4.0% and 1.5% respectively year-on-year, and the growth rates dropped by 0.4 and 0.2 percentage points respectively from last month, both of which have been the same or dropped for 19 consecutive months.

　　The reporter found out that among the 70 large and medium-sized cities, the sales price of new commercial housing increased in 45 cities compared with last month, 6 were flat, and 19 were down. The cities with the highest month-on-month increase in new house prices are: Yangzhou rose by 0.9%, Kunming rose by 0.8%, Xuzhou and Sanya rose by 0.7%, Hohhot, Xining, Yinchuan, Jining and Yichang rose by 0.6% respectively, and Hefei, Guangzhou, Xi ‘an, Lanzhou, Urumqi, Anqing and Zhanjiang rose by 0.5% respectively.

　　Compared with last month, the sales price of second-hand houses increased in 39 cities, remained flat in 4 cities and decreased in 27 cities. Second-hand housing prices rose by 0.9% in Shenzhen, 0.8% in Shenyang, 0.7% in Ningbo and 0.7% in Haikou, and 0.6% in Guangzhou and Urumqi.

　　It is understood that in October, real estate development enterprises launched price reduction promotion methods one after another, and the sales market of new houses in some cities showed a steady increase in volume and even a slight decrease in price. With the development of enterprises to increase market supply and promote sales, many buyers just need to return to the market.

　　The data released by the National Bureau of Statistics on the same day also showed that the national real estate development investment and commercial housing sales showed a steady growth trend in October. From January to October, the national real estate development investment increased by 6.3% year-on-year, and the growth rate was 0.7 percentage points higher than that from January to September. Among them, residential investment increased by 7.0%, and the growth rate increased by 0.9 percentage points.

　　From January to October, the national sales area of commercial housing was 1,332.94 million square meters, which was flat year-on-year, and decreased by 1.8% from January to September. The sales of commercial housing was 13,166.5 billion yuan, an increase of 5.8%. Among them, residential sales increased by 8.2%.