Shenzhen real estate information platform: July new commercial housing
transactions 3,773 units, MoM -35.2%, YoY +19.3%. July new residential
transactions 2,664 units, MoM -6.8%, YoY +32.5%. Jan–Jul cumulative new-home
transactions 35,104 units, YoY +0.7%; cumulative residential sales 21,935 units,
YoY -10.6% (contraction narrowed vs 1H).