JPMorgan: Preliminary sales data for the mainland's National Day Golden Week property market is encouraging; top pick is KE Holdings-W and others.

JPMorgan released a research report stating that preliminary sales data for the mainland residential market during the National Day Golden Week is encouraging, with real-time second-hand transactions in 26 cities up 59% year-on-year, viewings in 44 cities up 16% year-on-year, and new home subscriptions up 15% year-on-year; the bank believes the real question lies in sustainability one to two months later, and its top picks remain China Resources Land, China Overseas Land & Investment, and KE Holdings-W.