Hong Kong/China Property Daily:Inside the Great Wall

类别:行业研究 机构:德意志银行 研究员:Tony Tsang 日期:2016-02-05

Tax benefits on public rental housings will be continued

    MOF and State Administration of Tax have decided to continue the tax benefitstowards public rental housings will be continued to be implemented. Propertytax will be exempted for public rental housing and the rental income for theoperators has to be independently audited as public housing rental income, orelse such income will not be eligible for the beneficial measures such aswaives of the business tax and property tax. In addition, land use tax will alsobe exempted for the sites allocated for public rental housing. (CFI)

    Expert said property price in 2016 will continue to be increased

    Mr. Ren Zhiqiang, an industry expert on China property market expects theproperty price in 2016 will continue to be increased. He said the increase inland cost would lead to increase in property prices, and local governments arethe sole party in charge of land sales and they do not want to see the drop inland price as this affects their revenue. Moreover, in cities such as Beijing, landprice has exceeded the property price and hence the local government wouldnot wish the property price to decline. He added that, areas with increase inproperty price are the cities with less land supply and net population inflow,which affected the supply and demand situation. (Hexun)

    Inventory level for pure residential property in Tongzhou is below 600 units

    Media reported that, the inventory level for pure residential property in coredistrict of Tongzhou in Beijing is less than 600 units. It is expected the totalsupply in 2016 will be less than 2,000 units, reaching the record low in recentyears. Expert from Centaline commented the transactions in the district havebeen limited by the supply and developers are planning to increase the ASP oftheir sellable projects in the district. (Hexun)

    Over 60 shops in core retail districts leased on short-term basis since Nov 2015

    On the backdrop of the slowing economic growth, in order to lease out theshop units, many landlords have let the units to the short-term tenants inexpense of the higher rents and longer lock-up term. According to propertyagency, since Nov 2015, there have been up to 60 new leases in the core retaildistricts structured on short term basis. In particular, such new leases havealso been recorded on the main streets such as Russell Street (Causeway Bay),Percival Street (Causeway Bay) and Haiphong Road (Tsim Sha Tsui). Theproperty agent expects the shop vacancy rate in these districts could markedlysurge to 10% after the Chinese New Year. Midland also indicated that, incontrast to the typical model before, where only mid-to-small size shops wouldbe leased on short-term, lately such trend has also spread to large shops, withan example of a prime shop in Causeway Bay with NLA of 2,600sf leased to aSports Merchandize Brand. They expect the rents in such districts could fall by10% after the Chinese New Year as the landlords compete for tenants after thedeparture of the existing short-term tenants. (Oriental Daily)

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新城控股 0 0 研报
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金科股份 1.15 1.24 研报
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