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China Confidential - Premium Investment Insight

Update Alerts

Chinese housing transactions fall in first week of September

11 September 2012

Real estate transactions in 18 first and second tier cities tracked by China Confidential fell by an average of 12% WoW in the week ending September 9. Home sales in 21 third and fourth tier cities also declined 27% WoW compared with one week prior. Transactions in first tier cities declined on average by 18% WoW. We think that transaction volumes should pick up once developers begin promotions for the “golden autumn” period toward the end of September. The withdrawal of discounted mortgage deals may continue to act as a headwind to growth, however. 

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