Home prices in 70 major Chinese cities fell in August from the previous month: Chinese report

The National Bureau of Statistics announced China's housing price fluctuations for August on the 15th. Housing prices in China's 70 major cities fell from the previous month. The year-on-year decline also continued to narrow.
New home prices in first-tier cities fell 0.1% from the previous month, a 0.1 percentage point decrease from the previous month. Among them, Shanghai rose 0.4%, Beijing 0.4%, and Guangzhou 0.4%.
Second-hand housing prices in first-tier cities fell 1.0%, the same as the previous month. Of these, Beijing fell 1.2%, Shanghai fell 1.0%, and Guangzhou fell 1.2%.
New home prices in second-tier cities fell 0.3%, a 0.1 percentage point decrease from the previous month. Second-tier city prices fell 0.6%, a 0.8% decrease from the previous month.
The price of new homes in "third-tier cities" fell 0.4%, an increase of 0.1 percentage points from the previous month. The price of used homes remained unchanged from the previous month.
On the other hand, when looking at new home prices in each city compared to the same month last year, first-tier cities saw a 0.9% decline, a 0.2 percentage point decrease from the previous month.
The index fell 2.4% year-on-year, narrowing the decline by 0.4 percentage points. The index fell 3.7% year-on-year, narrowing the decline by 0.5 percentage points.
In addition, when comparing used home prices in each city with the same month last year, first-tier cities saw a 3%
The decline in second-tier cities fell 5.2%, a 0.4 percentage point decrease from the previous month. The decline in third-tier cities fell 6.0%, a 0.4 percentage point decrease from the previous month.
The int has been reduced.