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,Jason Ching 日期:2016-05-03

29 provinces launched hukou reform policies

    Media reported that, after the recent announcement on hukou reform inShanghai, a total of 29 provinces/cities have announced hukou reformmeasures. While the common measures include the cancellation of theclassification urban and rural hukou; loosening of criteria on granting localhukou. These provinces/cities, apart from Shanghai, include: Hebei, Henan,Shandong, Shanxi, Shaanxi, Jiangxi, Hunan, Hubei, Guangdong, Guangxi,Heilongjiang, Jilin, Liaoning, Chongqing, Yunnan, Gansu, Qinghai, Fujian,Jiangsu, Anhui, Guizhou, Sichuan, Xinjiang, Ningxia, Hainan, Inner Mongoliaand Tianjin. (CFI)。

    Prices increment in one-third of the projects in Nanjing has reached threshold

    Media reported that, property price for the projects selling in Nanjing haveincreased by 1.88% MoM in April, marking the 13 consecutive monthlyincreases. Moreover, media also reported that 40 out of the 130 project beingtracked, their price adjustment in the year has already exceeded the thresholdset by the new tightening measures. In addition, most of the projects thatrecorded higher increase in price are located in Jiangbei District (Hexun)3 major factors reportedly supported the high property prices in 3 Tier-1 citiesAccording to HK Commercial Daily, the factors the supported the high propertyprices in Beijing, Shanghai and Shenzhen included; i) faster economicdevelopment which resulted more employment opportunities and higherincome level; ii) better public services such as education, medical, socialwelfare; iii) need for investment as well as the vanity for owning a house inTier-1 cities. (Hexun, HK Commercial Daily)。

    Seven new highways in Beijing to be completed in the next 5 years

    Media quoted information from the Beijing Municipal Commission of Transportthat the Beijing section of the Beijing-Taiwan Highway (whole section is stillunder planning) will hopefully to commence operation by the end of the year.Including this, a total of 7 major highways will be completed in the next fiveyears, which will better facilitate the Beijing-Tianjin-Hebei integration. (CFI)

    Primary take-up of below 430sqf units in HK cannot catch up with supply

    Centaline said that in the past three quarters, there were 6,546 units of class Aunits (i.e. units below 40sqm or 430sqf) being launched. Among them, therewere only 4,881 units being taken up by homebuyers. As there were moreupcoming projects with restrictive clause in unit sizes and the economy isentering a downtrend, Centaline expected these small units will have difficultyin achieving take-up. (HKET)

    Valentino cuts price by 8-18%

    Luxury brand Valentino announced that prices in Asia will be cut by 8-18% inorder to harmonize prices between Europe and Great China and SoutheastAsia. Valentino is a relatively well-performing brand as it still recorded 9.4%YoY growth in 1Q16 globally and achieved positive sales growth in all markets.(HKET)

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世联行 0.84 0.62 研报
大悦城 0.30 0.27 研报
蓝光发展 0.24 0 研报
荣盛发展 0.75 1.04 研报
绿地控股 0.55 0.30 研报
新城控股 0 0 研报
光大嘉宝 0.60 0 研报
金地集团 0.67 0.71 研报
滨江集团 0.80 0.93 研报
阳光城 0.98 0.90 研报
金科股份 1.15 1.24 研报

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海康威视 6 持有 买入
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恒逸石化 4 买入 买入
南极电商 4 买入 买入
洽洽食品 4 持有 买入
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喜临门 3 买入 买入
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比音勒芬 2 买入 持有
吉比特 2 持有 买入
完美世界 2 持有 买入
万科A 2 买入 买入
大悦城 2 买入 买入
美的集团 2 买入 买入
新经典 2 持有 中性

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