中国地产：月度追踪-1 月数据喜忧参半，复苏可持续性存疑-China Property-Monthly Tracker Mixed January Data; Sustainability in Doubt

February 25, 2026 05:05 PM GMT China Property | Asia Pacific Monthly Tracker: Mixed January Data; Sustainability in Doubt (+) Home sales decline narrower on low base due to CNY calendar effect: CREIS 65-city primary sales volume fell 22% y-y (vs. -36% y-y in December) and 33-city secondary sales volume increased 2% y-y (vs. -33% y-y in December) on a low base. (+) Milder home price decline on seasonality: NBS 70-city primary home prices fell 3.0% y-y and 0.4% m-m (vs. -0.4% m-m in December) and secondary pr ...