Beijing proposes common property rights housing
A weekly snapshot of the Chinese property market – from sales volume to inventory levels – in the Tier-I to -III cities; as well as an overview of the share performance of sector players.
09 Aug 2017
- Government and home purchasers would share the interest and rights of the houses under this scheme
- Lowers entry barrier for property purchasers without increasing risk borne by financial institutions
- We expect more cities to follow suit
Photo credit: AFP Photo
• Developers that have announced their July contracted sales figures recorded a 31% month-on-month growth on average. Vanke, Longfor, and Kaisa’s July presales are at their lowest level year-to-date.
• In the week of 31 July-6 August, gross floor area (GFA) sold in 36 cities recovered, up 13.3% week-on-week. GFA sold in Tier I/II/III cities changed by -26%/27%/-5% w-o-w.
• The average selling prices (ASP) of key cities dipped 0.2% w-o-w, while Tier I/II/III cities’ ASP changed by -6%/0%/2%.
• Inventory in key cities remained at 43 weeks; sell-through rate of newly launched projects in Tier I and II cities decreased to 76%.
• Last week, Greenland HK and CIFI recorded the highest growth in southbound shareholding, while China SCE and Shimao saw the largest declines.
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