CHINA Commodity house prices in first-tier cities remain stable, second-tier cities on the rise

CHINA

Commodity house prices in first-tier cities remain stable, second-tier cities on the rise

People's Daily app

11:24, July 17, 2018

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(Photo: VCG)

Commodity house prices in first-tier cities remained stable while prices in second-tier cities rose in June, according to the data released by the National Bureau of Statistics on Tuesday.

The latest data involved the change in commodity house prices among 70 large and medium-sized cities in June of this year.

There are two things of note. First, in June, the sale prices of commodity houses in first-tier cities remained stable while the prices in second-tier cities rose. The rising tendency of prices in third-tier cities was dampened this month. 

Second, the prices of newly-built commodity houses in 15 popular cities saw both a rise and a decrease. Among the 15 cities, two cities saw prices decline on a month-on-month basis, three cities stayed steady, and 10 cities saw a rise. On a year-on-year basis, seven cities saw prices decline while eight cities saw an increase in prices.

(Compiled by Yang Chuchu)

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