Based on a recent research report issued by Goldman Sachs, China’s property market saw an improvement in weekly sales during Week 24, as easing policy support helped narrow the gap between export-reliant cities and other urban centres. Total gross floor area (GFA) sold across the 18-city sample rose by 9% week-on-week (WoW).
Sales in Tier-1 cities remained mixed, with Shenzhen up 45% WoW while others were stable. In Tier-2 cities, the rebound was moderate but steady. The report notes that while sentiment remains cautious, select developers showed more resilient performance.
The report underscores the importance of targeted financing support and sustained policy clarity for a broader sector recovery.
