China Prop Weekly:Weekly sales dropped 5.7%;WoW and YoY declines seen in Tier-1cities
摘要： Weeklysalesdown5.7%WoW,up7.4%MoM,andup30.8%YoYDuringtheweekof30Mayto5June2016,thesalesvolumein35majo
Weekly sales down 5.7% WoW, up 7.4% MoM, and up 30.8% YoY
During the week of 30 May to 5 June 2016, the sales volume in 35 major cities was recorded at 6.360msqm, which was down 5.7% WoW. Weekly sales (for 34 cities) were up 7.4% MoM and up 30.8% (for 35 cities) YoY. Weekly sales were down again after the double-digit growth seen in the last week of May. Moreover, Tier-1 cities are again seeing WoW declines, with a -15.0% WoW change, indicating that the markets in Shanghai and Shenzhen have continued to be impacted by the new tightening measures. For the YTD, sales in 30 cities rose 37% YoY. The ASP for the last week in 29 cities was up 23% YoY to RMB14,204psqm.
Sales volume in Tier-1 cities down 15.0% WoW
The sales volume in Tier-1 cities decreased 15.0% WoW to 0.958msqm during the week. The sales volume in Tier-1 cities was up by 21.6% MoM and down 4.2% YoY. The Tier-1 cities YTD sales volume was up 9.9% YoY. The ASP in Tier-1 cities last week was RMB32,684psqm, which was up 50% YoY.
Sales volume in Tier-2 cities down 8.7% WoW
During the week, the sales volume in Tier-2 cities was down 8.7% WoW (15 cities) to 3.7msqm. The Tier-2 cities’ sales volume was up by 0.3% MoM and up 46% YoY (15 cities). The YTD sales volume in Tier-2 cities was up 48% YoY. The ASP in Tier-2 cities last week was RMB13,578psqm, which was up 24% YoY.
Sales volume in Tier-3 cities up 9.2% WoW
For Tier-3 cities, the sales volume was up by 9.2% WoW (16 cities) to 1.655msqm. The sales volume in Tier-3 cities was up 19% MoM (15 cities) and up 27% YoY (16 cities). The YTD sales volume in 11 Tier-3 cities was up 38% YoY. The ASP in Tier-3 cities last week was RMB9,095psqm, which was up 1.3% YoY.
Sales volumes in Tier-2 and Tier-3 cities by region
1) Yangtze River Delta - Tier-2 cities: Weekly: 0.8msqm (-11% WoW); YTD: 19.1msqm (+73% YoY). Tier-3 cities: Weekly: 549ksqm (-4% WoW); YTD: 10.9msqm (+40% YoY).
2) Guangdong and Fujian Province region - Tier-2 cities: Weekly: 153ksqm (+20% WoW); YTD: 3.0msqm (+45% YoY). Tier-3 cities: Weekly: 416ksqm (+7% WoW); YTD: 8.9msqm (+64% YoY).
3) Western region - Tier-2 cities: Weekly: 677ksqm (-24% WoW); YTD: 16.7msqm (-1% YoY).
4) Central - Tier-2 cities: Weekly: 941ksqm (+25% WoW); YTD: 16.7msqm (+66% YoY). Tier-3 cities: Weekly: 357ksqm (+68% WoW); YTD: 4.5msqm (+2% YoY).
5) North-eastern region - Tier-2 cities: Weekly: 1.2msqm (-18% WoW); YTD: 18.3msqm (+84% YoY). Tier-3 cities: Weekly: 141ksqm (+20% WoW); YTD: 1.3msqm (+21% YoY).
YoY,cities,msqm,WoW,Tier
