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Macro

Shenzhen new home sales fall 23% m/m in August

Shenzhen new commercial housing sales totaled 3,467 units in August, down 23.0% month-on-month but up 4.8% year-on-year. Existing home sales recorded 5,108 units, down 2.3% m/m and up 7.6% y/y. From January to August, cumulative existing home sales reached about 48,400 units, up 4.7% y/y.

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