China Tier-1 New Home Prices Rise 0.1% in April as Tier-2 Declines Ease

7 articles · Updated · AASTOCKS.com · May 18

Tier-1 cities posted a 0.1% month-on-month rise in new commercial residential prices in April, extending gains but slowing by 0.1 percentage point from March.
Shanghai led with a 0.4% increase, while Guangzhou and Shenzhen each rose 0.1%; Beijing was the outlier, slipping 0.2%.
Tier-2 city new home prices fell 0.1%, a smaller drop than in March, while tier-3 cities declined 0.3%, unchanged from the previous month.
National Bureau of Statistics data across 70 large and medium-sized cities suggest top-tier markets are still firming, while lower-tier cities remain under pressure despite a milder downturn.

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