Group 1 - In June 2025, the sales prices of new residential properties in first-tier cities decreased by 0.3% month-on-month, with Shanghai increasing by 0.4% while Beijing, Guangzhou, and Shenzhen saw declines of 0.3%, 0.5%, and 0.6% respectively [3] - The sales prices of second-hand residential properties in first-tier cities fell by 0.7% month-on-month, with Beijing, Shanghai, Guangzhou, and Shenzhen experiencing declines of 1.0%, 0.7%, 0.7%, and 0.5% respectively [3] Group 2 - Year-on-year, the sales prices of new residential properties in first-tier cities decreased by 1.4%, a reduction of 0.3 percentage points compared to the previous month, with Shanghai increasing by 6.0% and declines in Beijing, Guangzhou, and Shenzhen of 4.1%, 5.1%, and 2.5% respectively [4] - The year-on-year sales prices of second-hand residential properties in first-tier cities decreased by 3.0%, with Beijing, Shanghai, Guangzhou, and Shenzhen experiencing declines of 1.8%, 1.3%, 5.9%, and 2.8% respectively [4]

| 城市 | 环比 | 同比 上年同月 | 1-6月平均 上年同期 | 城市 | | 环比 | 同比 上年同月 | 1-6月平均 上年同期 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 上月=100 | | | | | 上月=100 | | | | | | =100 | =100 | | | | =100 | =100 | | 北京 | 99.7 | 95.9 | 94.9 | 唐山 | | 99.3 | 92.9 | 92.6 | | 天津 | 99.8 | 98.2 | 97.9 | 秦 皇 | 岛 | 99.4 | 94.2 | 93.3 | | 石 家 庄 | 99.8 | 96.9 | 96.4 | 包头 | | 99.5 | 94.1 | 93.6 | | 太原 | 100.1 | 101.3 | 101.1 | 丹东 | | 100.1 | 95.5 | 94.3 | | 呼和浩特 | 99.9 | 94.6 | 94.1 | 锦州 | | 99.8 | 96.0 | 95.5 | | 沈阳 | 100.1 | 99. ...

Group 1 - The core viewpoint of the article indicates that in May 2025, the sales prices of commercial residential properties in 70 large and medium-sized cities in China showed a month-on-month decline, while the year-on-year decline continued to narrow [1][4]. Group 2 - In May, the sales prices of new commercial residential properties in first-tier cities decreased by 0.2% month-on-month, with Shanghai increasing by 0.7% and Beijing, Guangzhou, and Shenzhen decreasing by 0.4%, 0.8%, and 0.4% respectively [2]. - The sales prices of second-hand residential properties in first-tier cities fell by 0.7% month-on-month, with the decline expanding by 0.5 percentage points compared to the previous month [3]. Group 3 - Year-on-year, the sales prices of new commercial residential properties in first-tier cities decreased by 1.7%, narrowing the decline by 0.4 percentage points from the previous month. Shanghai saw an increase of 5.9%, while Beijing, Guangzhou, and Shenzhen experienced declines of 4.3%, 5.8%, and 2.6% respectively [4]. - The year-on-year decline in second-hand residential property prices in first-tier cities was 2.7%, which is a narrowing of 0.5 percentage points from the previous month [4].

Economic Indicators - In May, the industrial added value of large-scale enterprises increased by 5.8% year-on-year, while the growth for January to May was 6.3% [1] - Fixed asset investment nationwide grew by 3.7% year-on-year from January to May [1] - The total retail sales of consumer goods in May rose by 6.4% year-on-year, with a growth of 5.0% for January to May [1] Real Estate Market - In May, the sales prices of commercial residential properties in 70 large and medium-sized cities showed a month-on-month decline, with the year-on-year decline continuing to narrow [2] Stock Market Updates - The Shenzhen Stock Exchange announced an adjustment to the list of Hong Kong Stock Connect eligible securities, with CATL being added effective June 16, 2025 [3] - As of the midday close, the Shanghai Composite Index rose by 0.05%, the Shenzhen Component Index increased by 0.13%, and the ChiNext Index went up by 0.37%. The Hang Seng Index fell by 0.12%, while the Hang Seng Tech Index rose by 0.15% [4]

据国家统计局，2025年5月份，70个大中城市中，各线城市商品住宅销售价格环比下降，同比降幅继续 收窄。 ...

Core Viewpoint - In April 2025, the sales prices of commercial residential properties in 70 large and medium-sized cities in China remained stable or slightly decreased month-on-month, while the year-on-year decline continued to narrow. Group 1: Month-on-Month Price Changes - In April, the sales prices of new commercial residential properties in first-tier cities remained flat, changing from a 0.1% increase in the previous month. Beijing and Shanghai saw increases of 0.1% and 0.5%, respectively, while Guangzhou and Shenzhen experienced decreases of 0.2% and 0.1% [2]. - The sales prices of second-hand residential properties in first-tier cities decreased by 0.2% month-on-month, with Shanghai increasing by 0.1%, while Beijing and Shenzhen decreased by 0.6% and 0.3%, respectively. Second and third-tier cities saw a 0.4% decrease, with the decline widening by 0.2 and 0.1 percentage points compared to the previous month [2]. Group 2: Year-on-Year Price Changes - In April, the year-on-year decline in new commercial residential property prices in first-tier cities was 2.1%, narrowing by 0.7 percentage points from the previous month. Shanghai saw an increase of 5.9%, while Beijing, Guangzhou, and Shenzhen experienced declines of 5.0%, 6.3%, and 3.0%, respectively [3]. - The year-on-year decline in second-hand residential property prices in first-tier cities was 3.2%, narrowing by 0.9 percentage points from the previous month. Beijing, Shanghai, Guangzhou, and Shenzhen saw declines of 1.0%, 0.6%, 7.4%, and 3.7%, respectively. Second and third-tier cities experienced declines of 6.5% and 7.4%, with the declines narrowing by 0.5 and 0.4 percentage points, respectively [3].

国家统计局：2025年4月份，70个大中城市中，各线城市商品住宅销售价格环比持平或略降，同比降幅 均持续收窄。 相关链接 ...

Group 1 - In April 2025, the sales prices of new residential properties in first-tier cities remained flat or slightly decreased month-on-month, while the year-on-year decline continued to narrow [1] - In first-tier cities, new residential property prices were flat month-on-month, with Beijing and Shanghai increasing by 0.1% and 0.5% respectively, while Guangzhou and Shenzhen decreased by 0.2% and 0.1% [1] - The year-on-year decline in new residential property prices in first-tier cities was 2.1%, narrowing by 0.7 percentage points compared to the previous month [1] Group 2 - The sales prices of second-hand residential properties in first-tier cities decreased by 0.2% month-on-month in April, reversing a previous increase of 0.2% [1] - Year-on-year, the prices of second-hand residential properties in first-tier cities fell by 3.2%, with a reduction in the decline of 0.9 percentage points from the previous month [2] - In second and third-tier cities, the year-on-year decline in new residential property prices was 3.9% and 5.4% respectively, with both declines narrowing by 0.5 and 0.3 percentage points [1]