摩根士丹利：中国房地产_每周数据库追踪#40

Investment Rating - The industry investment rating is "In-Line" [8] Core Insights - Weekly primary unit sales decreased by 16.5% year-over-year (YoY) but increased by 81% week-over-week (WoW) [2] - Weekly secondary unit sales increased by 32% YoY and 457% WoW, indicating a significant recovery in the secondary market [3] - The total sell-through rate reached 66%, a notable increase from 23% in the previous week [4] Section Summaries Section 1: Weekly Primary Market Data - Primary unit sales in Tier 1 cities were down 2.8% YoY but up 140% WoW, while Tier 2 cities saw a decline of 11.3% YoY and an increase of 77% WoW [2] - Tier 3 cities experienced a significant drop of 42% YoY but a 47% increase WoW [2] Section 2: Weekly Secondary Market Data - Secondary unit sales in Tier 1 cities rose by 56% YoY and 305% WoW, while Tier 2 cities saw a 20% YoY increase and a 637% WoW surge [3] - Nanning had the strongest performance among Tier 2 cities, with a 126% YoY increase [3] Section 3: Monthly Primary Market Data - The report includes data on unit sales and price index changes, reflecting ongoing trends in the primary market [10] Section 4: Monthly Secondary Market Data - Similar to the primary market, the secondary market data includes unit sales and price index changes, highlighting market dynamics [10] Section 5: Developers' Monthly Sales - The report tracks developers' sales performance, providing insights into their market strategies and outcomes [10]