China Property Weekly Digest: Wait-and see stance on project launches
- Average weekly GFA sold in 27 cities we track rose 18.3% w-o-w for the week ended 18 Sep. GFA sold on a MTD basis fell 35% vs the same period in Sep-21
- No. of new units launched in 11 key Tier 1 and 2 cities last week fell 18% w-o-w, but average sell-through rate improved 18ppts w-o-w to 55%
- Average short-selling interest was down 3ppt to 14% last week; average southbound interest rose 10bps w-o-w to 8.90%
