AI Data Insight
In the second quarter of 2026 (June), China's Guangzhou new commercial residential housing price index fell 2.6% year-on-year, a significant improvement from the previous 3.3% drop, indicating that the decline in housing prices continues to narrow. Benefiting from the relaxation of purchase restrictions and destocking policies, new home prices in Tier-1 cities have shown month-on-month growth. The market expects core cities to be the first to reach a turning point of halting the decline and stabilizing.