04 Aug 2025

July home sales by top developers record largest y/y drop in almost a year

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Sluggish demand continues to plague the property sector.
According to July data from China Real Estate Information Corp. (CRIC), published Thursday:

New home sales by China’s top 100 developers clocked in at RMB 211.16 billion, down 37.7% m/m
On a year-on-year basis, which filters out seasonal effe...