China - Housing 05 (Jul 16 - Oct 21)

Re: China - Housing 05 (Jul 16 - Dec 19)

Postby winston » Mon Nov 19, 2018 1:57 pm

Fitch: CN Developers to Face Greater Challenges Next Yr, Trade Vol to Fall 5-10%

Fitch Ratings previewed in its report that Chinese homebuilders may face tougher market conditions in 2019, on decelerating macro-economic growth and deteriorating sentiment to pressure sales volumes.

The agency downgraded the industry outlook from "Stable" to "Negative" and foresaw the property trade volume will decline by 5%-10% next year.

Source: AAStocks Financial News
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby winston » Wed Dec 12, 2018 3:57 pm

<Research Report>CICC: CN Property Sales Remain Low in 1st Week of Dec; Fundamentals Weak but Policy May See Positive Tweak

CICC reported that the sold area for new properties in first week of December was still at relatively low level with yearly growth trimmed by 5 ppts to 3%.

Property sectors in both A and H share markets have seen weakened fundamentals but national policy might give positive momentum to them, according to the institution.

Source: AAStocks Financial News
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby winston » Mon Dec 24, 2018 8:00 am

Here are five things to look forward to next year in China’s residential property industry

While sales of auto and home appliances are slowing, policymakers are not expected to ease property curbs because they are waiting for the final signal that investment growth has decelerated, analysts said

1. Credit control - onshore bond market

Total interest-bearing liability of A-share developers grew to 2.9 trillion yuan (US$420 billion) by mid-2018, while their net gearing ratio has climbed to 131 per cent from 120 per cent by the end of 2016.

They also face big maturity pressure, as US$34.8 billion of onshore bonds and US$17.9 billion of offshore issues will mature or become puttable in the next 12 months, according to Moody’s.

2. Eligibility restrictions are the easiest to unshackle. It is at local governments’ discretion to make it easier for immigrants to gain local hukou, or lower the social security payment requirements, without annoying Beijing.

3. Any slowdown of the Shantytown Redevelopment programme may reduce sales in third- and fourth-tier cities by 10 per cent.

4. Review of Presales


Source: SCMP

https://www.scmp.com/business/money/art ... esidential
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby winston » Mon Jan 14, 2019 7:09 am

Why China’s housing market bubble won’t burst any time soon

Some analysts are predicting the economy will implode, but the country’s economic and social model and its ongoing urbanisation drive make a home price collapse unlikely

The price-to-income ratio in cities like Beijing and Shanghai is around 23, meaning the average household would have to work for more than two decades, without spending, to buy a home.

In Tokyo and New York, that ratio is much lower at about 13.


Source: SCMP

https://www.scmp.com/economy/china-econ ... -time-soon
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby winston » Fri Feb 08, 2019 9:01 pm

An estimated one out of five apartments in China's cities (65 million in total) are unoccupied.

Source: Daily Wealth
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby behappyalways » Wed Apr 03, 2019 9:33 pm

The Wild Beasts of Chinese Real Estate Are Growing Up
https://www.bloomberg.com/opinion/artic ... emium-asia
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby winston » Tue Apr 23, 2019 11:36 am

<Research Report>Citi: Near-term Sentiment Affected by CN Housing Policy Talk; Volatility to Persist in 2Q

China reiterated her key property messages of "houses are built for inhabitation, not for speculation" and adopting city-specific measures.

With a mild tone, such housing policy is expected to affect near-term sentiment, while the market volatility may persist in 2Q19.

Citigroup's sector top-picks are SUNAC (01918.HK), FUTURE LAND (01030.HK), CHINA JINMAO (00817.HK), KWG GROUP (01813.HK), LONGFOR GROUP (00960.HK) and LOGAN PPT (03380.HK).

Source: AAStocks Financial News
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby behappyalways » Tue May 28, 2019 7:04 pm

China showing signs similar to Japanese housing bubble that led to its ‘lost decades’, expert warns
https://www.scmp.com/economy/china-econ ... le-led-its
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby winston » Sat Jul 27, 2019 6:56 am

Bankruptcies among Chinese Developers are up by half amid slowing economy

Source: SCMP

https://www.scmp.com/business/article/3 ... ng-economy
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Re: China - Housing 05 (Jul 16 - Dec 19)

Postby winston » Sat Aug 03, 2019 7:57 pm

China Properties
a. 20% of Urban Housing is vacant (65m homes)
b. In 2018, nationwide ASPs have climbed by 15% to a record high
c. Since 2015, Tier One cities have risen by 55%
d. Since 2015, Tier Two cities have risen by 35%
e. Government targeting annual increase of 7% to 10%
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