The housing price data of 70 cities released in February sends positive signals.

Data released by the National Bureau of Statistics on the 16th showed that overall, the month-on-month decline in the selling prices of commercial residential properties in 70 large and medium cities in February continued to narrow; the number of cities where the selling prices of new commercial residential properties rose or remained stable compared to the previous month increased. Experts say that in the 70 large and medium cities, especially in the leading first-tier cities, the month-on-month stability of housing prices indicates a positive signal of the real estate market further stabilizing after a downturn. According to the National Bureau of Statistics, in February, the month-on-month selling prices of new commercial residential properties in first-tier cities changed from a 0.3% decrease to remaining stable compared to the previous month. Among them, Beijing and Shanghai both rose by 0.2%, Guangzhou remained stable, and Shenzhen fell by 0.3%. The month-on-month selling prices of new commercial residential properties in second- and third-tier cities decreased by 0.2% and 0.3% respectively, with the decline narrowing by 0.1 percentage point. Li Yujia, chief researcher at the Guangdong Housing Policy Research Center, stated that the month-on-month stabilization of new residential properties in first-tier cities is the first time it has happened since May 2025, which is the result of the inherent market dynamics and external policy effects. The trend of "reverse Spring Festival" during the Chinese New Year holiday has fueled the enthusiasm for property viewing in first and second-tier hot cities, and the continuous supply of "good housing projects" before the festival has maintained market activity. At the same time, the willingness of developers to lower prices for promotional purposes after achieving the full-year performance has decreased, leading to a narrowing of price declines in new homes.