China Property Weekly Digest
Rumours said Shanghai would raise down payment ratioto 50% for first home purchasers and 70% for purchaserswith mortgage record in September. The rumours has ledto short-term fever in Shanghai property market.
In week 35th (Aug 22- Aug 28), the sales volume in TierI/II/III cities increased by 27% /19%/16% w-o-w. Nanjing,Shanghai and Wuhan drove the volume growth. OverallYTD GFA sold increased 28.9% y-o-y.
Last week, the overall ASP recovered by 2.2% w-o-w.
The inventory level of key cities as at week 35th declinedw-o-w to 44 weeks. The sell-through rates of newlaunches in major Tier I&II cities slightly decreased w-o-wto 77%.