Asia Pacific Corporate Research 29 July 2025 Property Data Monitor Mainland China: Asking price hits a new low; HK: FS "cautiously optimistic" on retail; inventory reduces Mainland China Hong Kong SAR See page 20 for analyst certification and important disclosures, including non-US analyst disclosures. J.P. Morgan does and seeks to do business with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity ...