ab 16 June 2025 Powered by YES UBS Evidence Lab Global Research China Property China Housing Survey: Subdued sentiment but stabilisation in tier 1 cities Weakened price expectations, with divergence among cities UBS Evidence Lab's latest China Housing survey of 2,500 respondents across mainland China (28 March-21 April 2025; > Access Dataset) shows a subdued intention to buy property over the next two years compared with the previous survey in Sept 2024. However, we see divergence among cities, with stable ...

Asia Pacific Equity Research 08 May 2025 China Property Venus Choi (852) 2800-8599 venus.choi@jpmorgan.com Golden Week: What are developers & agents saying about property sales & retail sales? For the Labor Day holidays, since high-frequency sales data is based on sales registrations (网签), which does not reflect the actual sales during the Golden Week, we spoke to developers & agents on the latest trend. Among property agents, they said market sentiment in top-tier cities is tepid (but not very weak), and t ...