November NBS Price Data in Leading Chinese Cities With Home Price Restrictions

China’s National Bureau of Statistics (NBS) released its monthly report on home sale prices (LINK).  The segregation of “15 First-tier Cities and Hot Second-tier Cities” in the NBS report implies that they will be the primary focus of government policy: Intense market restrictions have kept prices flat in 2017 and the 12 month price change has … Continue reading November NBS Price Data in Leading Chinese Cities With Home Price Restrictions

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Insider Buying at Selected Chinese Property Developers

Most real estate developers in China have reported strong contract sales in 2017 and enjoyed significant share price appreciation.  It is somewhat surprising to see that insiders have recently been adding to their holdings. Recap of share valuation and returns: In several cases (CIFI, SCE, and Yuzhou) it appears that purchases were intended to signal … Continue reading Insider Buying at Selected Chinese Property Developers