An aerial drone photo taken on Jan. 16, 2024 shows people waiting to receive the keys to their new homes at a relocation residential complex in Shijiazhuang, north China's Hebei Province. (Xinhua/Yang Shiyao)
BEIJING, Oct. 18 (Xinhua) -- The decline in the prices of commercial residential homes in China's 70 large and medium-sized cities stabilized on a month-on-month basis in September, official data showed on Friday.
In the country's first-tier cities, namely Beijing, Shanghai, Guangzhou and Shenzhen, new home prices edged down by 0.5 percent, compared with a 0.3-percent drop in the previous month. Second- and third-tier cities both registered declines of 0.7 percent month on month, according to the National Bureau of Statistics (NBS).
In September, prices of second-hand homes fell by 1.2 percent in first-tier cities month on month, 0.9 percent in second-tier and third-tier cities, the NBS said.
A single purchase
