中国地产：前两个月跌幅收窄；预计 3 月跌幅将进一步扩大-China Property-2M Property Declines Softened; We See Deeper Drops in March

March 16, 2026 04:26 AM GMT China Property | Asia Pacific 2M Property Declines Softened; We See Deeper Drops in March Home sales posted a slightly milder y-y drop in 2M26, but the decline of construction activity widened. We see home sales dropping more deeply in March given the reactive policy stance, higher inventory, and renewed weakening of buyer sentiment. Milder sales decline in 2M26, as rebased national sales fell 20% y-y in value and 14% y-y in volume in 2M26 (vs. -24% and -16% y-y in December, resp ...