Recent Bond Issues Make Chinese Property Stocks Look Cheap

A range of Chinese property developers have been able to issue US dollar bonds in recent weeks at reasonable yields and with longer maturities than were previously possible.  The longer duration reduces liquidity risk and should support higher equity valuations. Shares of Yuzhou, Logan, and KWG appear especially attractive relative to their bonds.  Assets of … Continue reading Recent Bond Issues Make Chinese Property Stocks Look Cheap

October 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 1.7% for the month and 18.2% from one year ago. Approximately 23 Chinese cities have introduced measures to stabilize markets, primarily by limiting demand through … Continue reading October 2016 Housing Price Data in Markets of Selected Chinese Property Developers