Part 2/14:
The top-tier cities — Beijing, Shanghai, Guangzhou, and Shenzhen — experienced an average price drop of around 0.9% from September to October, with Beijing leading at 1.1%. Second- and third-tier cities mirrored this decline, with prices contracting by 0.6% and 0.7%, respectively. Transaction volumes reflect similar setbacks, with Beijing's existing home sales plummeting by nearly 24% month-on-month, and other major cities also witnessing significant declines.