China Property Weekly Digest: Golden Week’s colour has faded
- Average weekly GFA sold in 23 cities we track fell 75.2% w-o-w for the golden week ended 9 Oct. GFA sold fell 42.2% y-o-y vs the same period in Oct-21
- No. of new units launched in 11 key Tier 1 and 2 cities last week fell 26% w-o-w and 59% y-o-y compared to the golden holiday week in 2021. Average sell-through rate moderated back to the 50% level
- Average short-selling interest rose3ppts to 20% last week; average southbound interest was flat at 9.07%
