China Property Weekly Digest: Limited pickup in project launches
- Average weekly GFA sold in 27 cities we track fell 14.5% w-o-w for the week ended 12 Aug, with the MTD average down by a wider 30.6% vs Aug-21
- No. of new projects launched in 11 key Tier 1 and 2 cities last week slightly recovered w-o-w, but the MTD average declined by 43% from Jul-22’s average level
- There were no new project launches in Tier 1 cities for the third straight week; average sell-through rate for the 11 key Tier 1 and 2 cities was largely stable at 40%
- Average short-selling interest down 2pts to 16% last week; Average southbound interest rose 6bps to 8.49%
