Analyst
Key Indices



Top Stories
Sector Update | China Property
Second-hand sales outperformed new-home sales in Sep 26. Second-hand sales in three Tier 1 cities rose 7.9% yoy, vs 1.5% for Tier 1 new-home GFA sold. In Tier 1 cities, new-home and second-hand sales rose 44%/54% yoy respectively during 1-11 Oct 26, although Tier 1 second-hand listing prices fell 0.3% mom. PM companies with brokerage and renovation exposure will benefit. Maintain UNDERWEIGHT on China's property sector and its property and PM segments. Top picks are CR Mixc and COLI.
Top Stories
Sector Update | China Property
Second-hand sales outperformed new-home sales in Sep 26. Second-hand sales in three Tier 1 cities rose 7.9% yoy, vs 1.5% for Tier 1 new-home GFA sold. In Tier 1 cities, new-home and second-hand sales rose 44%/54% yoy respectively during 1-11 Oct 26, although Tier 1 second-hand listing prices fell 0.3% mom. PM companies with brokerage and renovation exposure will benefit. Maintain UNDERWEIGHT on China's property sector and its property and PM segments. Top picks are CR Mixc and COLI.
Analyst
Key Indices



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