[Guosheng Real Estate] 2026W29: New Home Sales This Week Up YoY and MoM, Second-hand Home Transactions Remain High

English summary

Market review: This week Shenwan Real Estate Index cumulative change -3.3%, underperforming CSI 300 by 5.96 percentage points, ranking 27th among 31 Shenwan first-level industries. New homes: This week 30-city new home transaction area 1.498 million sqm, +13.8% MoM, +20.0% YoY. July cumulative, 30 cities total 4.839 million sqm, +2.7% YoY. Second-hand homes: This week 15 sample cities second-hand home transaction area total 2.000 million sqm, +1.3% MoM, +9.4% YoY. 29 weeks cumulative this year 60.188 million sqm, +5.8% YoY. Credit bonds: This week (7.20-7.26) 17 real estate enterprise credit bonds issued, +7 MoM; total issuance scale 13.478 billion yuan, +858 million MoM, total repayment 13.097 billion yuan, -4.171 billion MoM, net financing 381 million yuan, +5.029 billion MoM. Investment advice: Maintain sector 'Overweight' rating. ...