中国房地产-7 月销售额降幅扩大，疲软趋势将持续-China Property_ Sales Decline Widened in July; Weak Trends to Continue

August 15, 2025 11:21 AM GMT China Property | Asia Pacific Sales Decline Widened in July; Weak Trends to Continue Property sales recorded a deeper y-y decline in July amid weakened construction. We stay cautious on the physical market and expect the weak sales trend to continue in the coming months, given worsened resident sentiment, higher secondary inventory, and muted policy. July property sales recorded a deeper decline: Rebased national sales were -14.1% y-y in value and -7.8% y-y in volume, widening t ...