Property Sales Weekly - Issue No. 35 Weekly, research, recently, property, positive

NYboy

Pls see attached the full PDF research report, below is a highlight:
 
Sales data tracking: Weekly property sales began to recover thanks to positive policy, rising 18% WoW
Weekly property sales in 16 cities grew by a mean of 18% and declined by a median 14% WoW. YTD sales fell by a mean of 33% and by a median 39%. The latest data have not fully priced in the (positive) property easing policy recently introduced by the Ministry of Finance, as the policy took effect on November 1 and the latest data for many cities cover the week ending November 2. Nevertheless, data on Beijing, Shenzhen and other cities began to recover sharply, as latest weekly sales cover the week ending November 6.
•         Property sales in key regions:
Bohai Rim: Weekly property sales surged 209% WoW in Beijing, but fell 37% in Tianjin, 47% in Jinan, and 38% in Qingdao WoW.
Yangtze River Delta: Weekly property sales were down 15% in Shanghai, 69% in Nanjing, and 1% in Hangzhou WoW, but grew 38% in Suzhou.
Pearl River Delta: Weekly property sales surged 164% in Shenzhen and declined 14% in Guangzhou WoW.
Others: Weekly property sales were up 2% in Chongqing, 30% in Wuhan, and 31% in Changsha WoW, but they declined 23% in Chengdu.
•         Outlook: Policy easing by local governments and the change in the central government’s policy stance should help stabilize China’s property industry, possibly leading to a recovery

 

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