China Property Weekly Digest: Starting July on a weak note
- Average weekly GFA sold in 27 cities we track dropped 50.3% w-o-w for the week ended 9 July, down 32.0% y-o-y vs. the same period in July-22
- No. of new units launched in 11 key Tier 1 and 2 cities declined 57% w-o-w, 16% lower than the average of June; average sell-through rate was flat at 56%
- Average short-selling interest rose 1ppt to 12% last week; average southbound interest rose 2bps to 10.98%
