China - Housing 05 (Jul 16 - Dec 21)

Re: China - Housing 05 (Jul 16 - Dec 21)

Postby winston » Tue Jan 19, 2021 9:53 am

Changes In Inventory Tell A Story

Tier-1 property market remained sizzling hot in 4Q20 as evidenced by a 27% yoy decline
in inventory-to-sales ratio as of end-Dec 20.

Inventory-to-sales ratio in Tier-2 cities was rather flattish with a 3% yoy increase while that of the Bohai Rim region was at a concerning level of 15.05 months.

Overall property inventory level remains healthy with Tier-1 cities and GBA expected to continue outperforming the others. Maintain MARKET WEIGHT. Top Pick: Powerlong (1238 HK).

Source: UOBKH

https://research.uobkayhian.com/content ... 0e3dec9471
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Re: China - Housing 05 (Jul 16 - Dec 21)

Postby winston » Thu Jan 21, 2021 9:25 am

CHINA PROPERTY SECTOR – BACK ON THE RADAR

The Chinese property sector, which had underperformed in 2020, started 2021 on a wrong footing following further credit tightening by the government at the start of the year.

However, the sector came to life on 19 Jan, with the MSCI China Real Estate Index soaring 6.3%, outperforming the MSCI China Index’s 2.3% increase.

We believe the rally could have been driven by the following factors:
i) fund flows to Asia and rotation to value sectors such as real estate,
ii) increasing Southbound flows given attractive valuations,
iii) resilient physical market and firm recovery from the Covid-19 pandemic, and
iv) expectations of more stable policy direction for the rest of the year.

We are Overweight on the global real estate sector, and believe the sector is a beneficiary of the reflation theme and rotation to value, while overall valuations remain undemanding.

Within the Chinese property sector, our order of preference for our top picks are China Resources Land (CR Land) (1109 HK), Longfor Group (960 HK), China Overseas Land & Investment (COLI) (688 HK), KWG Group (1813 HK) and Shimao Group* (813 HK).

We are most cautious on China Evergrande (3333 HK) and Guangzhou R&F (2777 HK) within our coverage.

Source: OCBC
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Re: China - Housing 05 (Jul 16 - Dec 21)

Postby behappyalways » Sun Jan 24, 2021 4:27 pm

Cheap housing but few economic opportunities for young Chinese in city along Russian border
https://www.youtube.com/watch?v=bZ641Lw1fyE
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Re: China - Housing 05 (Jul 16 - Dec 21)

Postby winston » Fri Jan 29, 2021 8:49 am

Four of China’s biggest cities scramble to knock a real estate bull run off its pace amid fear of risk and bubbling debt

Shanghai, the country’s commercial hub, kicked off the market-cooling policies last Friday with some of the most draconian policies to limit the amount of money homebuyers can borrow for buying real estate

That was followed within days by Shenzhen, Hangzhou and Guangzhou, some of the biggest and most affluent population centres besides Beijing

Source: SCMP

https://www.scmp.com/business/china-bus ... 9c827&tc=6
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Re: China - Housing 05 (Jul 16 - Dec 21)

Postby winston » Tue Feb 23, 2021 3:45 pm

China's new home prices rise by 3.9pc

New home prices in China grew at a faster pace in January, driven by demand in mega cities despite the government's cooling measures.

Average new home prices in 70 major cities increased by 0.3 percent in January from a month earlier, versus a 0.1 percent gain in December, according to Reuters calculations based on data released by the National Bureau of Statistics.

On a year-on-year basis, new home prices increased by 3.9 percent, quickening from a 3.8 percent rise in December.

Source: The Standard

https://www.thestandard.com.hk/breaking ... e-by-3.9pc
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Re: China - Housing 05 (Jul 16 - Dec 21)

Postby winston » Wed Feb 24, 2021 7:24 am

China home prices continue to surge

Secondary home prices in Shenzhen surged 15.3 percent in January with new home prices rising 3.9 percent across 70 mainland medium and large-sized cities, the National Bureau of Statistics said yesterday.

Shenzhen secondary flat prices were also up 1.7 percent month-on-month.

In Guangzhou, flat prices rose 8.7 percent year-on-year and 1.4 percent month-on-month.

Shanghai flat prices rose 7.6 percent year-on-year and 1.3 percent from the previous month while Beijing flat prices rose 6.9 percent from a year ago and 0.9 percent compared to December.

Average new home prices in 70 major cities rose 0.3 percent in January from a month earlier, the fastest growth since September, according to Reuters calculations based on data released by the NBS

Prices have risen for 64 consecutive months.

On a year-on-year basis, new home prices rose 3.9 percent, to a four-month high, quickening from a 3.8 percent gain in December.

New flat prices rose 4.2 percent year-on-year in first-tier cities and 9.6 percent on the secondary market. First-hand flat prices rose 4.1 percent in second tier cities and 2.5 percent on the secondary market.

Source: The Standard

https://www.thestandard.com.hk/section- ... e-to-surge
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Re: China - Housing 05 (Jul 16 - Dec 21)

Postby winston » Fri Feb 26, 2021 12:09 pm

Mainland property developers surge as major Chinese cities prepare to alter land auction system

China Resources Land, Country Garden led gainers in Hong Kong as major cities to limit land sales to three times in 2021

Move seen as positive to lowering acquisition cost, improving margins and gearing for stressed developers

Some 22 cities including Beijing, Shanghai and Shenzhen will limit the number of land sales this year to three times while raising supply for bidding at each auction.

Source: SCMP

https://www.scmp.com/business/markets/a ... 9c827&tc=8
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