...Fewer major cities reported an increase in new-home prices in October 2015 than in the previous month, though contracted sales grew at a double-digit year-on-year (yoy) pace for the second consecutive month. The increase in gross floor area (GFA) sold accelerated yoy, while new-home construction and land acquisitions weakened further. Most Fitch-rated Chinese homebuilders reported strong yoy growth in contracted sales for the first 10 months of 2015; only four experienced a decline in contracted sales. Chinese developers' offshore bond issuance stagnated in October 2015, in contrast to a double-digit month-on-month (mom) growth in their onshore issuance....
