Weekly Database Tracker #49

Summary of the Conference Call on China Property Market Industry Overview - The report focuses on the China Property market, specifically analyzing trends in unit sales across different tiers of cities in the Asia Pacific region [3][85]. Key Points Unit Sales Performance - Weekly Secondary Unit Sales: - Increased by 70% YoY but decreased by 14.9% WoW for the week ending December 15, 2024 [1][96]. - Tier 1 cities saw a 126% YoY increase but a 1.9% WoW decrease [1]. - Tier 2 cities experienced a 43% YoY increase but a 23% WoW decrease [1]. - Shenzhen had the strongest performance among Tier 1 cities with a 185% YoY increase [1]. - Weekly Primary Unit Sales: - Increased by 28% YoY and 9.8% WoW [89]. Sell-Through Rates - The total sell-through rate was 61%, unchanged from the previous week [96][97]. - In Tier 1 cities, the sell-through rate was 56%, up from 50% in the prior week [97]. - In Tier 2 cities, the sell-through rate dropped to 65% from 75% [97]. - Chengdu recorded the highest sell-through rate at 89% [97]. Price Index - The Centaline six-city secondary asking price tracking index was 26.1%, up from 25.3% the previous week, with Chengdu having the highest index at 44.2% [90]. Market Trends - The report indicates a mixed performance across different tiers of cities, with Tier 1 cities showing stronger resilience compared to Tier 2 cities [1][89]. - The overall market sentiment appears cautious, with fluctuations in both sales and pricing trends [89][90]. Additional Insights - The data reflects ongoing challenges in the property market, particularly in Tier 2 cities, which may indicate potential risks for investors [1][89]. - The strong performance in Shenzhen could present a unique investment opportunity within the Tier 1 city segment [1]. This summary encapsulates the key findings and trends from the conference call regarding the China Property market, highlighting both opportunities and risks for potential investors.