Guangzhou Real Estate Brokerage Association: for Aug 1–31, 2026 only 35.6% of
secondary residential online contract signings used mortgages, implying 64.4%
were one-off cash payments. Secondary residential online signings totaled 8,624
units and 858,000 sq m, MoM -0.39% by units and -0.06% by area, YoY +0.17% units
and +1.32% area. Primary market: new-home transactions 4,612 units (Centaline
Research, Guangzhou), MoM +4% by units and +6% by area.