
Propertysalesvolumeflatyoy,ASPdown0.5%yoyinJun14.NationalcommoditypropertytransactionvolumesinJuncameinatGFA123mnsqm(+47%mom/+0%yoy).ASPwasRmb6,067/sqm(-5%mom/-0.5%yoy),resultinginJunpropertysalesofRmb746bn(+39%mom/-1%yoy).Amongregions,JunvolumesinEastern,Central,andWesternChinawere-9.9%,+6.2%and+12.6%yoy,respectively.YtdasofJun,volumestoodatGFA484mnsqm,-6%yoy(vs.-8%inJ...
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Oneweekgov’t/banks/property/cementtriptoShaanxi,Sichuan,ChongqingWevisitedthethreekeyeconomiesofWesternChinainmid-Julyandremainedoptimisticofa2Hrecovery.Creditremainedtight,butwesawsomeunannouncedlooseninginlendingquota.Propertysalesstayedweakbutmajorinfrastructureprojectsarebeingaccelerated.Thestrictlendingquotahaskeptmortgagerateshighanddeterredbanksfromspeedingupmortgageapprovals.W...