China Property - New Home Sales: The higher-frequency weekly data for 16 major cities to the week ending October 9 suggests the market continues to 'bottom-out' year-to-date year-on-year at around -30% while improving (-2% vs -6% prior) on a 4-week year-on-year basis.

The chart below illustrates how the higher-frequency weekly data (here to Oct 9) for a smaller sample of 16 cities can give directionally a good indication of what to expect in the monthly national figures. The national September data comes out on October 18.

From Real Estate Foresight's weekly report released today.