Three China Real Estate Bargains

China real estate developers have fallen far from their 52-week highs (LINK). Home prices in some major cities closely monitored by the government have begun rising and suggest an informal relaxation of housing market restrictions (LINK). Looser fiscal and monetary policy is boosting domestic consumption to offset the economic and psychological impact of US trade … Continue reading Three China Real Estate Bargains

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August 2018 NBS Price Data in Leading Chinese Cities

China’s National Bureau of Statistics (NBS) released its monthly report on home sale prices (LINK).  The segregation of “15 Hot Cities” in the NBS report implies that they will be the primary focus of government policy: Intense market restrictions kept prices flat for many months in these key markets, but the average has been boosted  by … Continue reading August 2018 NBS Price Data in Leading Chinese Cities

China Real Estate Companies are Cheap

The bear came back with a gift of cheap equities.  After rising 102% in 2017 the MSCI China Real Estate index fell 5.6% in 8M18.  The largest 43 China real estate companies traded in Hong Kong (plus Xinyuan in NY) are down an average of 38% from one year highs and trading at 5.7 times … Continue reading China Real Estate Companies are Cheap

Xinyuan Science & Technology Service (NEEQ:870929) Outstanding 1H18 Results

Xinyuan Science & Technology Service (XSTS), the property management subsidiary of Xinyuan Real Estate, filed its 1H18 Report (LINK).  Even though XSTS shares are not yet trading publicly, the NEEQ listing provides visibility into the rapid growth of Xinyuan’s recurring revenues and income from this business.  Highlights: The company’s NEEQ listing was approved on 3/15/17 … Continue reading Xinyuan Science & Technology Service (NEEQ:870929) Outstanding 1H18 Results

July 2018 NBS Price Data in Leading Chinese Cities

China’s National Bureau of Statistics (NBS) released its monthly report on home sale prices (LINK).  The segregation of “15 Hot Cities” in the NBS report implies that they will be the primary focus of government policy: Intense market restrictions kept prices flat for many months in these key markets, but the average has been boosted  by … Continue reading July 2018 NBS Price Data in Leading Chinese Cities

June 2018 NBS Price Data in Leading Chinese Cities

China’s National Bureau of Statistics (NBS) released its monthly report on home sale prices (LINK).  The segregation of “15 Hot Cities” in the NBS report implies that they will be the primary focus of government policy: Intense market restrictions kept prices flat for many months in these key markets until a slight uptick last month in … Continue reading June 2018 NBS Price Data in Leading Chinese Cities

May 2018 NBS Price Data in Leading Chinese Cities

China’s National Bureau of Statistics (NBS) released its monthly report on home sale prices (LINK).  The segregation of “15 Hot Cities” in the NBS report implies that they will be the primary focus of government policy: Intense market restrictions have kept prices flat for many months in these key markets: Segregating the 10 strongest and weakest … Continue reading May 2018 NBS Price Data in Leading Chinese Cities

April 2018 NBS Price Data in Leading Chinese Cities

China’s National Bureau of Statistics (NBS) released its monthly report on home sale prices (LINK).  The segregation of “15 Hot Cities” in the NBS report implies that they will be the primary focus of government policy: Intense market restrictions have kept prices flat for many months: Segregating the 10 strongest and weakest of the 70 markets … Continue reading April 2018 NBS Price Data in Leading Chinese Cities

Xinyuan Science & Technology Service (NEEQ:870929) Outstanding 2017 Results

Xinyuan Science & Technology Service (XSTS), the property management subsidiary of Xinyuan Real Estate, filed its 2017 Annual Report (LINK).  Even though XSTS shares are not yet trading publicly, the NEEQ listing provides visibility into the rapid growth in Xinyuan's recurring revenues and income from this business.  Highlights: The company’s NEEQ listing was approved on … Continue reading Xinyuan Science & Technology Service (NEEQ:870929) Outstanding 2017 Results