15 September 2025 | 4:43PM CST China Property Monthly Tracker Weak Aug broadly inline, low expectation for "Golden September" Aug 2025 nationwide primary sales volume/value (-11%/-14% yoy) and completions (-21% yoy) were inline, while exacerbated new starts decline (-20% yoy) undershot expectations. Secondary sales volume was also largely inline at down MSD% yoy. Prices continued to trend down for both primary and secondary (more severe for secondary); amongst Tier-1 cities, primary ASPs outperformed. Besid ...