国家统计局：2025年12月一线城市新建商品住宅销售价格同比下降1.7%

Core Viewpoint - In December 2025, the sales prices of commercial residential properties in 70 major cities in China experienced a general decline both month-on-month and year-on-year, with the rate of decline increasing compared to previous months [1]. Group 1: Month-on-Month Price Changes - In December, the sales prices of new commercial residential properties in first-tier cities decreased by 0.3%, a reduction in the decline rate by 0.1 percentage points from the previous month. Shanghai saw a price increase of 0.2%, while Beijing, Guangzhou, and Shenzhen experienced declines of 0.4%, 0.6%, and 0.5% respectively [2]. - Second-tier cities saw a month-on-month decline of 0.4%, with the decline rate widening by 0.1 percentage points. Third-tier cities also recorded a 0.4% decrease, maintaining the same decline rate as the previous month [2]. - The month-on-month prices of second-hand residential properties in first-tier cities fell by 0.9%, with a reduction in the decline rate by 0.2 percentage points. Beijing, Shanghai, Guangzhou, and Shenzhen saw declines of 1.3%, 0.6%, 1.0%, and 0.6% respectively. Second and third-tier cities both recorded a 0.7% decline, with the decline rate increasing by 0.1 percentage points [2]. Group 2: Year-on-Year Price Changes - Year-on-year, the sales prices of new commercial residential properties in first-tier cities decreased by 1.7%, with the decline rate expanding by 0.5 percentage points compared to the previous month. Shanghai experienced a price increase of 4.8%, while Beijing, Guangzhou, and Shenzhen saw declines of 2.4%, 4.8%, and 4.4% respectively [3]. - Second-tier cities recorded a year-on-year decline of 2.5%, while third-tier cities saw a 3.7% decrease, with the decline rates widening by 0.3 and 0.2 percentage points respectively [3]. - The year-on-year prices of second-hand residential properties in first-tier cities fell by 7.0%, with the decline rate increasing by 1.2 percentage points. Beijing, Shanghai, Guangzhou, and Shenzhen experienced declines of 8.5%, 6.1%, 7.8%, and 5.4% respectively. Both second and third-tier cities recorded a 6.0% decline, with the decline rates expanding by 0.4 and 0.2 percentage points respectively [3]. Group 3: Price Index Data - The price index for new commercial residential properties in December 2025 indicated a general decline across various city tiers, with specific data reflecting the month-on-month and year-on-year changes [5][6]. - The classification index for new commercial residential properties showed varying trends based on property size, with properties under 90m² experiencing different price movements compared to those between 90-144m² and above 144m² [7][8]. - The price index for second-hand residential properties also reflected a similar trend, with significant variations based on property size categories [9].