China Shanghai new home sales -1.1% w/w at 246.7K sqm; avg new home prices +4.7% w/w at CNY35.5K/sqm (record high) - Uwin
- Deovolente researcher: "Inadequate supply of new houses over the past few weeks, unfavorable weather conditions as well as the recent plunge of the countrys stock market all damped home seekers momentum, with weekly transactions hovering around 250,000 square meters for the third consecutive week... However, the luxury segment continued to outperform the mass market which led to another weekly price record."