China NBS data show Guangzhou July month‑on‑month price indices at 100.1 for
primary-market homes and 100.4 for resale homes, the fifth consecutive monthly
rise, consolidating a stabilizing recovery. Transactions remain elevated as
higher housing provident fund loan limits, targeted sell‑old‑buy‑new subsidies
and SOE purchases of second‑hand housing continue to boost demand. July 1–31
primary-market contracted sales area was up 5.8% y/y; primary residential
contracted area rose 9% y/y. Aug 1–15 primary-market contracted area rose 15%
y/y.
