Analyst
Key Indices



Top Stories
Sector Update | China Property
The NBS published national second-hand transactions for the first time in its 8M26 release: second-hand contracted GFA of 549.2m sqm rose 10.6% yoy against residential new-home sales of 415.0m sqm, which declined 13.0% yoy. Land sales revenue fell 28.6% yoy in 8M26, and household medium-to-long-term loans continued contracting in Aug 26, leaving the 8M26 net increase 98% below last year’s. Maintain UNDERWEIGHT.
Top Stories
Sector Update | China Property
The NBS published national second-hand transactions for the first time in its 8M26 release: second-hand contracted GFA of 549.2m sqm rose 10.6% yoy against residential new-home sales of 415.0m sqm, which declined 13.0% yoy. Land sales revenue fell 28.6% yoy in 8M26, and household medium-to-long-term loans continued contracting in Aug 26, leaving the 8M26 net increase 98% below last year’s. Maintain UNDERWEIGHT.
Analyst
Key Indices



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