China's Housing Market Cools: Only Shanghai Sees New Home Price Growth Among Tier-1 Cities in March
China's National Bureau of Statistics reported continued declines in housing prices across 70 major cities in March. Among Tier-1 cities, only Shanghai recorded an increase in new home prices.
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- 📰 Published: April 16, 2026 at 12:16
- 🔍 Collected: April 16, 2026 at 12:31 (15 min after Published)
- 🤖 AI Analyzed: April 19, 2026 at 01:16 (60h 44m after Collected)
Central News Agency Message
(CNA Reporter Li Ya-wen, Shanghai, 16th) China's National Bureau of Statistics released the changes in sales prices of commercial residential buildings in 70 large and medium-sized cities for March today. Statistical data shows that among Tier-1 cities, only Shanghai saw an increase in new home sales prices, while all others fell; the overall sales prices for existing (used) homes showed a downward trend.
China's National Bureau of Statistics released the changes in sales prices of commercial residential buildings in 70 large and medium-sized cities for March today.
Wang Zhonghua, Chief Statistician of the Urban Department at the National Bureau of Statistics, stated that in the new home sales price segment, the overall new home sales prices in Tier-1 cities fell by 2.2% year-on-year in March. Breaking it down by city, only Shanghai rose by 3.7%, while Beijing, Guangzhou, and Shenzhen declined by 2.1%, 4.7%, and 5.5% respectively.
Overall new home sales prices in Tier-2 cities fell by 3.3% year-on-year, with the decline expanding by 0.2 percentage points compared to February. Overall new home sales prices in Tier-3 cities fell by 4.0% year-on-year, a flat decline. Looking at individual cities, only Hangzhou, Hefei, Urumqi, and Yichang showed positive growth. In the existing home sales price segment, overall prices in Tier-1 cities dropped by 7.4% year-on-year, narrowing the decline by 0.2 percentage points compared to February. Beijing, Shanghai, Guangzhou, and Shenzhen all showed downward trends, dropping by 8.3%, 6.2%, 8.1%, and 7.0% respectively.
Overall existing home sales prices in Tier-2 cities fell by 6.2% year-on-year, matching the decline in February. Overall existing home sales prices in Tier-3 cities fell by 6.4% year-on-year, expanding the decline by 0.1 percentage points compared to February. Every city experienced negative growth in existing home sales prices.
The commercial residential housing sales price statistics for the 70 large and medium-sized cities are categorized into Tier-1, Tier-2, and Tier-3 cities. Tier-1 cities refer to the 4 cities of Beijing, Shanghai, Guangzhou, and Shenzhen. Tier-2 cities refer to 31 cities including Tianjin, Shijiazhuang, Taiyuan, and others. Tier-3 cities refer to 35 cities including Tangshan, Qinhuangdao, and others. (Editor: Chou Hui-ying) 1150416
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(CNA Reporter Li Ya-wen, Shanghai, 16th) China's National Bureau of Statistics released the changes in sales prices of commercial residential buildings in 70 large and medium-sized cities for March today. Statistical data shows that among Tier-1 cities, only Shanghai saw an increase in new home sales prices, while all others fell; the overall sales prices for existing (used) homes showed a downward trend.
China's National Bureau of Statistics released the changes in sales prices of commercial residential buildings in 70 large and medium-sized cities for March today.
Wang Zhonghua, Chief Statistician of the Urban Department at the National Bureau of Statistics, stated that in the new home sales price segment, the overall new home sales prices in Tier-1 cities fell by 2.2% year-on-year in March. Breaking it down by city, only Shanghai rose by 3.7%, while Beijing, Guangzhou, and Shenzhen declined by 2.1%, 4.7%, and 5.5% respectively.
Overall new home sales prices in Tier-2 cities fell by 3.3% year-on-year, with the decline expanding by 0.2 percentage points compared to February. Overall new home sales prices in Tier-3 cities fell by 4.0% year-on-year, a flat decline. Looking at individual cities, only Hangzhou, Hefei, Urumqi, and Yichang showed positive growth. In the existing home sales price segment, overall prices in Tier-1 cities dropped by 7.4% year-on-year, narrowing the decline by 0.2 percentage points compared to February. Beijing, Shanghai, Guangzhou, and Shenzhen all showed downward trends, dropping by 8.3%, 6.2%, 8.1%, and 7.0% respectively.
Overall existing home sales prices in Tier-2 cities fell by 6.2% year-on-year, matching the decline in February. Overall existing home sales prices in Tier-3 cities fell by 6.4% year-on-year, expanding the decline by 0.1 percentage points compared to February. Every city experienced negative growth in existing home sales prices.
The commercial residential housing sales price statistics for the 70 large and medium-sized cities are categorized into Tier-1, Tier-2, and Tier-3 cities. Tier-1 cities refer to the 4 cities of Beijing, Shanghai, Guangzhou, and Shenzhen. Tier-2 cities refer to 31 cities including Tianjin, Shijiazhuang, Taiyuan, and others. Tier-3 cities refer to 35 cities including Tangshan, Qinhuangdao, and others. (Editor: Chou Hui-ying) 1150416
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