China Prop Weekly:YoY decline in Tier-1cities continues
摘要： Weeklysalesup2.9%WoW,down8.6%MoMandup55.8%YoYDuringtheweekof18-24April2016,salesvolumein34majorcitie
Weekly sales up 2.9% WoW, down 8.6% MoM and up 55.8% YoY
During the week of 18-24 April 2016, sales volume in 34 major cities was recorded at 6.967msqm, up 2.9% WoW, marking the second weekly increase after the declines in the first two consecutive weeks of the month. Weekly sales (for 35 cities) were down 8.6% MoM but up 55.8% YoY (for 35 cities). The sales volume in Apr MTD was down 3.1% MoM (34 cities) but up 16.5% YoY (35 cities). YTD sales in 31 cities rose 52% YoY. The ASP for the last week in 33 cities was up 15% YoY, to RMB13,198psqm.
Sales volume in Tier-1 cities up 8.6% WoW
Sales volume in Tier-1 cities increased 8.6% WoW, to 1,029ksqm, during the week. Sales volume in Tier-1 cities was down 11% MoM and 5.1% YoY. For Apr MTD, total sales volume in Tier-1 cities was -19% MoM and -0.1% YoY, to 3.17msqm. YTD sales volume in Tier-1 cities rose 18% YoY. ASP in Tier-1 cities last week was RMB28,651psqm, up 36% YoY.
Sales volume in Tier-2 cities up 1.3% WoW
During the week, sales volume in Tier-2 cities rose 1.3% WoW (15 cities), to 4.4msqm. Tier-2 cities’ sales volume was down 3% MoM and up 87% YoY (15 cities). For Apr MTD, sales volume in Tier-2 cities rose 2% MoM (15 cities) and 19% YoY (15 cities), to 14.6msqm. YTD sales volume in Tier-2 cities rose 65% YoY. ASP in Tier-2 cities last week was RMB12,955psqm, up 20% YoY.
Sales volume in Tier-3 cities up 4.1% WoW
For Tier-3 cities, sales volume was up 4.1% WoW (15 cities), to 1,494ksqm. Sales volume in Tier-3 cities was down 7% MoM and up 48% YoY (16 cities). For Apr MTD, sales volume in the 15 Tier-3 cities was down 4% MoM and up 22% YoY, to 4.9msqm. YTD sales volume in 12 Tier-3 cities rose 57% YoY. ASP in Tier-3 cities last week was RMB9,044psqm, down 3% YoY.
Sales volumes in Tier-2 and Tier-3 cities by region
1) Yangtze River Delta - Tier-2 cities: Weekly: 1.0msqm (+3% WoW); Apr MTD: 3.2msqm (-9% MoM, +41% YoY); YTD: 14.0msqm (+97% YoY).
Tier-3 cities: Weekly: 688ksqm (+19% WoW); Apr MTD: 2.0msqm (+23% MoM, +63% YoY); YTD: 7.6msqm (+39% YoY).
2) Guangdong and Fujian Province region - Tier-2 cities: Weekly: 466ksqm (+15% WoW); Apr MTD: 1.6msqm (-9% MoM, +76% YoY); YTD: 6.5msqm (+73% YoY). Tier-3 cities: Weekly: 362ksqm (-20% WoW); Apr MTD: 1.4msqm (+8% MoM, +68% YoY); YTD: 6.7msqm (+102% YoY).
3) Western region - Tier-2 cities: Weekly: 359ksqm (-11% WoW); Apr MTD: 1.3msqm (-2% MoM, -64% YoY); YTD: 5.5msqm (-7% YoY).
4) Central - Tier-2 cities: Weekly: 882ksqm (-10% WoW); Apr MTD: 3.1msqm (+2% MoM, +51% YoY); YTD: 11.7msqm (+65% YoY). Tier-3 cities: Weekly: 65ksqm (+14% WoW); Apr MTD: 218ksqm (+4% MoM, -44% YoY); YTD: 0.9msqm (+38% YoY).
5) North-eastern region - Tier-2 cities: Weekly: 1.8msqm (+7% WoW); Apr MTD: 5.4msqm (+14% MoM, +54% YoY); YTD: 12.4msqm (+91% YoY). Tier-3 cities: Weekly: 135ksqm (+12% WoW); Apr MTD: 381ksqm (+53% MoM, +27% YoY); YTD: 866ksqm (+27% YoY).
YoY,msqm,cities,WoW,ksqm
