China Property Weekly Digest: Physical market fared better than feared
- Average weekly GFA sold in 27 cities we track was largely flat w-o-w for the week ending 24 July
- No. of new projects launched in 11 key Tier 1 and 2 cities edged up 14% w-o-w last week; average sell-through rate edged down to 47.6%
- Average short-selling interest fell 4ppts to 17% last week; Average southbound interest rose 8bps to 8.21%
