China Property: This is the first time in a while that we see a more pronounced improvement (less negative) in the weekly new home sales data for the select 19 cities. It could also be end-of-year data distortions but nevertheless a signal worth noting.
The weekly data historically has given directionally a good indication of what to expect in the monthly national figures. The national December data comes out in mid-January.
From Real Estate Foresight's weekly report released today.