Thu, Jul 31, 2014, 11:13 PM EDT - U.S. Markets closed


% | $
Click the to save as a favorite.

Xinyuan Real Estate Co., Ltd. Message Board

  • whitegod303 whitegod303 Feb 15, 2014 11:07 AM Flag

    housing market cooling

    China's real estate sector showed signs of cooling at the beginning of 2014, with the transaction volume plummeting, figures from real estate research institute CRIC showed on Friday.

    According to CRIC, most of China's cities, including both first- and second-tier cities, recorded falling transactions on both a yearly and monthly basis. Shenzhen, for instance, saw a drop of 72 percent in January from the same period last year. Guangzhou dropped 54 percent, Beijing by 49 percent and Shanghai by 31 percent year-on-year.

    Besides seasonal and holiday factors, shrinking supply and tightened mortgages played important parts in transaction drops, according to the research.

    "We expect the home price to grow further this year, but property developers will face much more sales pressure compared with 2013," said Hao Yan, an analyst with CRIC's Beijing branch

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Good information. I would be curious about how much the Chinese New Year falling at a different time this year affected the numbers?

      But the key for me is in the last paragraph; "We expect the home prices to grow further this year."

      With a company like XIN selling at 2 times earnings; I think the downside potential is still quite small.

    • Cooling is good. Bubble is not.

      As I stated earlier there is no bubble. There is no way to mantain growth rates we've seen.
      Think that is good news. It means government can control the market enough to avoid crash.
      That could make P/E values of real estate companies to rise.

3.88-0.11(-2.76%)Jul 31 4:02 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.