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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Feb. 13 (Xinhua) — The pace of decline in commercial housing prices in 70 large and medium-sized cities in China generally slowed in January 2026 compared with the previous month, according to official data released Friday.
In four first-tier cities – Beijing, Shanghai, Guangzhou and Shenzhen – new commercial housing prices fell 0.3 percent month-on-month, while existing home prices fell 0.5 percent compared with the previous month, according to data from the National Bureau of Statistics (NBS).
In second- and third-tier cities, prices for new commercial housing in January fell by 0.3 percent and 0.4 percent month-on-month, while prices for existing housing fell by 0.5 percent and 0.6 percent month-on-month, respectively.
Year-on-year, commercial housing prices have declined in the above-mentioned cities.
China continues to provide policy support to the real estate sector and strives to create a new development model in the face of changing supply and demand dynamics. Recently, authorities have repeatedly emphasized the need to promote the high-quality development of the real estate sector.
China will take a targeted policy approach to specific cities, focusing on controlling new supply, reducing inventory and improving housing quality, said Ni Hong, Minister of Housing, Urban-Rural Development.
He also added that efforts will be made to support the reasonable financial needs of development companies and to meet the urgent housing needs of the population and the demand for improved living conditions. -0-
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