China Index Research Institute data show June secondhand transaction volumes in
key cities remained higher YoY; Shanghai secondhand prices rose for a fourth
consecutive month MoM and Shenzhen shifted from decline to growth. The 100-city
average secondhand residential price was 12,639 yuan/sq m, down 0.42% MoM, a
0.10ppt larger decline than May. By city count 12 cities were up MoM and 88
down; among core cities Shanghai +0.10% MoM, Shenzhen +0.03% MoM.
