China Shanghai new home sales +25.9% w/w at 216.1K sqm; Avg new home prices +14.5% w/w at CNY30.2K/sqm - Uwin (update)
- Researcher: "New home transactions rebounded notably after the announcement of the new criteria (of 'normal' homes), a latest government move to help more buyers qualify for preferential policies... We expect buyers sentiment to continue to rise over the coming months which will trim local new housing inventory at a faster rate."
--> China Finance Ministry said to be evaluating 2nd home restrictions in Beijing