Some points from the latest monthly China Property report by Real Estate Foresight

Some points from the latest monthly China Property report by Real Estate Foresight covering the signals from the property markets: 1) Sales volumes remain resilient, without much change from the high 2018 base, driven in recent months by the strength of the Western region 2) Higher-frequency weekly data for a sample of 13 major cities till mid-Oct indicates strong new home sales volumes 3) PSL (Pledged Supplementary Lending by PBoC, tied to shantytown renovations boosting sales volumes) back to a positive net increase in Sep after 5 months of declines 4) Number of developer bankruptcy cases Jun-Sep similar to the same period in 2018 (data from the People’s Court Announcements) 5) New home prices continue with the gradual year-on-year growth slowdown These are 5 from over 100 charts in Real Estate Foresight’s flagship monthly piece published since 2012.