China's property market shows mixed signals as new home sales in 10 major cities took a sharp hit. The week ending January 18 saw new sales plunge 34.3% year-on-year, dropping to just 1.21 million square meters. That's a significant pullback on the annual scale. However, there's a bright spot—week-on-week, transaction volume actually rebounded 9.7%, suggesting some stabilization within the weakness. The contrast is telling: massive annual decline paired with modest sequential recovery. For those tracking macroeconomic trends and market cycles, this data paints a picture of a cooling property sector grappling with structural headwinds while showing fleeting signs of stabilization week-to-week.
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LiquidityOracle
· 11h ago
A 34% annual decline... Is this still called stability? A 9.7% week-over-week rebound and you want to fool us?
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Liquidated_Larry
· 11h ago
A 34.3% plunge... Yeah, that number looks painful, but a 9.7% week-over-week rebound? It feels like it's struggling at the bottom.
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ShortingEnthusiast
· 11h ago
34.3% decline... Oh dear, how disastrous is this data? Compared to the same period last year, it's a bloodbath, but a 9.7% weekly increase tries to save the situation—classic dead cat bounce.
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CryptoDouble-O-Seven
· 12h ago
Down 34%... Oh my, is the Chinese real estate market heading for a downturn? The week-over-week rebound of 9.7% seems like a fleeting recovery.
China's property market shows mixed signals as new home sales in 10 major cities took a sharp hit. The week ending January 18 saw new sales plunge 34.3% year-on-year, dropping to just 1.21 million square meters. That's a significant pullback on the annual scale. However, there's a bright spot—week-on-week, transaction volume actually rebounded 9.7%, suggesting some stabilization within the weakness. The contrast is telling: massive annual decline paired with modest sequential recovery. For those tracking macroeconomic trends and market cycles, this data paints a picture of a cooling property sector grappling with structural headwinds while showing fleeting signs of stabilization week-to-week.