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.
Group Research09 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


• Beijing has proposed to launch common property rights housing (共有產權住房). Government and home purchasers would share the interest and rights of the houses under this scheme. This would lower the entry barrier for property purchasers without increasing the risk borne by financial institutions. We expect more cities to follow suit.

• 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.



To read the full report, click to Download the PDF.