Property Data Monitor_Mainland China_ weekly sales improved; HK_ no meaningful pick-up
2024-12-05 02:58
Property Data Monitor Mainland China: weekly sales improved; HK: no meaningful pick-up Leading indicator #2) Centaline manager confidence index improved from 54 to 59 this week (Fig.14), reaching the peak since March 2023. 60-city weekly primary sales registrations (网签) +33% W/W (more). On a Y/Y basis, sales improved from +22% to +53%. Compared to 4-year average, sales also improved from 46% below to 21% below. This was partially driven by an unusually high volume in Wuhan (>8K units) which looks one-off to ...