Complete collection of Chinese real estate charts: comprehensive scan of volume, price, inventory, and developer performance (J.P. Morgan)
J.P.
J.P. Morgan released a comprehensive data chart report covering the real estate market in Hong Kong, China, and the Mainland, covering primary and second-hand housing transaction volume, month-on-month changes in housing prices in various cities, inventory scale, sales of leading developers, rental index, proportion of transactions by mainland buyers in Hong Kong, etc. The report mainly provides comprehensive data reference for the market and does not give clear investment recommendations. One-sentence conclusion: This is a detailed "physical examination report" on the real estate industry. The data shows that the market is still bottoming out, but prices in first-tier cities are showing signs of stabilizing month-on-month, which is a key basis for judging marginal changes in the industry. Good/bad: Provides objective data for all market participants and does not constitute direct good/bad. However, data shows that housing prices in first-tier cities have stabilized month-on-month, which is a positive signal for developers in core cities. The market's consensus expectation of continued decline in house prices may face challenges. Catalyst: Pay attention to the subsequent updated monthly and weekly data, especially the trends in housing prices and inventory in first-tier cities.