September 2016 Housing Price Data in Markets of Selected Chinese Property Developers

China Index Academy (a research unit of Soufun) released its monthly report of new home prices in 100 top Chinese markets (LINK).  On a national basis average selling prices rose 2.8% for the month and 16.6% from one year ago.

In September more cities including Nanjing, Hangzhou, Zhengzhou, Kunshan, Jinan, Beijing and Tianjin introduced new measures to restrain markets.  However China has over 500 cities (see Demand Institute: No More Tiers for an overview) and the current boom is concentrated within a limited number of cities with strong economies, rising wages, and rising populations.

Exposure to these markets varies significantly among real estate developers.  Comparisons are imperfect because each company provides different disclosures on a city and project level.  Note differences between disclosures about Area and Value – central locations in top cities are much more valuable than elsewhere.

The Selected Companies:  (See Benchmarking Xinyuan Real Estate after its rally for additional comments)

Future Land Development:

CIFI:

SCE:

Yuzhou: (see September 2016 Housing Price Data for Yuzhou Properties’ Markets for additional comments)

KWG:

Central China:

Fantasia:

Xinyuan: (see September 2016 Housing Price Data for Xinyuan Real Estate’s Markets for additional comments)