China's property sales remain under pressure in Aug, policy easing boosts sentiment

China's property market remained under pressure in August despite a series of demand-side policy easing measures. The market continued to show a K-shaped divergence: second-hand housing transactions remained stronger than new-home sales, while core-city premium projects outperformed and mid-tier developers and mass-market projects continued to face pressure.

In late August, China introduced new policies to promote completed-home sales and allow mortgage terms of up to 40 years. Early signs suggest that these measures are improving market sentiment, though sustained recovery will depend on policy implementation, credit availability, and the strength of housing demand. From January to August