China Property Weekly Digest: Project launches and sell-through showed signs of recovery
- Average weekly GFA sold in 27 cities we track rose 19% w-o-w for the week ended 28 Aug, with the decline of the MTD average narrowing to 24.4% vs. Aug 21
- No. of new projects launched in 11 key Tier 1 and 2 cities last week saw signs of recovery and came in 74% higher than the average of the past four-week level
- Average sell-through rate for the 11 key Tier 1 and 2 cities also improved 11ppt w-o-w to 50%
- Average short-selling interest was up 1ppt to 15% last week; average southbound interest rose 10bps w-o-w to 8.66%
