On January 16, the National Bureau of Statistics released data showing that in December last year, the number of cities in which the sales price of commercial housing in 70 large and medium-sized cities decreased increased, and the sales price of commercial housing in all tier cities remained flat or decreased on a month-on-month basis, while the first-tier cities rose on a year-on-year basis and the second-tier and third-tier cities fell on a year-on-year basis. From the month-on-month perspective, in December of last year, among 70 large and medium-sized cities, the sales price of new commercial residential buildings fell in 55 cities, an increase of 4 compared with November; The sales price of second-hand residential buildings fell by 63 cities on a month-on-month basis, an increase of 1 compared with November. Li Yujia, the chief researcher of the Housing Policy Research Center of the Guangdong Provincial Urban Planning Institute, said in an interview with the reporter of the Securities Daily that the housing prices have declined and the cities have increased. At present, the performance of both supply and demand of the real estate market is still weak. The implementation of the "three arrows" needs to be promoted, especially the sales of commercial housing is still relatively low, and the developer's capital chain is still tight. The price reduction promotion is the choice that real estate enterprises have to make. Specifically, in December last year, the sales price of new commercial residential buildings in first-tier cities fell 0.2% month-on-month from November to flat. The sales price of second-hand housing fell 0.5% month-on-month, 0.1 percentage points higher than that in November. Among them, the prices of new houses in Beijing and Shanghai rose 0.2% and 0.4% respectively on a month-on-month basis, while the prices of new houses in Guangzhou and Shenzhen fell 0.4% and 0.3% respectively on a month-on-month basis; In terms of second-hand housing, the prices of Beijing, Shanghai, Guangzhou and Shenzhen fell by 0.4%, 0.5%, 0.6% and 0.5% respectively on a month-on-month basis. In addition, the sales price of newly-built commercial residential buildings in second-tier cities fell 0.3% month-on-month, 0.1 percentage points higher than that in November; The sales price of second-hand housing fell 0.4% month-on-month, the same as that in November. The sales price of newly-built commercial residential buildings in third-tier cities fell 0.3% month-on-month, the same as that in November; The sales price of second-hand housing decreased by 0.4% month-on-month, 0.1 percentage points lower than that in November. From a year-on-year perspective, in December of last year, among 70 large and medium-sized cities, the sales price of newly-built commercial residential buildings fell in 53 cities, an increase of 2 compared with November; The sales price of second-hand housing fell in 64 cities, the same number as in November. In December of last year, the sales price of newly-built commercial residential buildings in first-tier cities increased by 2.5% year-on-year, the same as that in November; The sales price of second-hand housing rose 0.6% year-on-year, down 0.6 percentage points from November. The sales price of newly-built commercial residential buildings in second-tier cities decreased by 1.1% year-on-year, 0.1 percentage points lower than that in November; The sales price of second-hand housing decreased by 3.2% year-on-year, the same as that in November. The sales prices of newly-built commercial housing and second-hand housing in third-tier cities fell by 3.9% and 4.8% respectively year on year, with the same decline as in November. Zhang Dawei, chief analyst of Zhongyuan Real Estate, told the Securities Daily that under the influence of multiple factors, the sales of benchmark real estate enterprises shrank last year, the flow of land market markers continued, the confidence of home buyers was insufficient, and the overall real estate market remained depressed. It is noteworthy that on January 5, the People's Bank of China released a message on its website that recently, the People's Bank of China and the China Banking and Insurance Regulatory Commission issued the "On the Establishment of the First Housing for Individuals Newly Issued"