Home prices in the Chinese mainland's first-tier cities continued to increase in January, signaling a continued stabilization of the country's housing market.
According to the latest data released by the National Bureau of Statistics, new and second-hand residential property prices in these cities – Beijing, Shanghai, Guangzhou, and Shenzhen – maintained an overall upward trajectory with month-on-month increases of 0.1 percent.
In second-tier cities, the price of newly built homes also increased by 0.1 percent month on month, marking the first uptick since June 2023.
Meanwhile, second-hand housing in these cities saw a slight dip, falling by 0.3 percent month on month, the same rate as the previous month.
Reference(s):
China's January home prices continue to rise in 1st tier cities
cgtn.com
