Founder-CEO & Chief Analyst, Real Estate Foresight

Robert Ciemniak

Founder-CEO & Chief Analyst

Real Estate Foresight

Since 2012, REF has been helping investors with market research, project due diligence, and strategy development. This has ranged from detailed assessments and estimates on distressed developers' project portfolios to market due diligence on specific projects to macro-level questions linked to demand for commodities. The unique combination of the housing markets and developer data from data partner China Index Academy in Beijing, primary research, and technology-powered alternative data collection from public sources result in a valuable content set used in REF analytics and reports.

Predictive Analytics for China Property

Thematic (Sector/Industry)

<ul>
<li>This note is a weekly curated selection of Chinese news articles and company announcements focused on developers in distress</li>
<li>We look for their deals, updates, specific project progress news ('local signals'), as well as relevant local research commentaries about the market</li>
<li>We do not verify the underlying data or provide any opinion, we only select and summarize the information; See direct links to sources</li>
</ul>


This note is a weekly curated selection of Chinese news articles and company announcements focused on developers in distress
We look for their deals, updates, specific project progress news ('local signals'), as well as relevant local research commentaries about the market
We do not verify the underlying data or provide any opinion, we only select and summarize the information; See direct links to sources


China Property Developers In Distress - Weekly News & Announcements Tracker | Dec 29 -Jan 4, 2024

<ul>
<li>The weekly new home sales data indicates a smaller pace of decline for the select 16 major cities with consistent data towards the year-end.</li>
<li>Xi'an stands out as an outperformer. Recent policy easing in Beijing and Shanghai may not be fully reflected in the data yet.</li>
<li>The small-sample weekly data serves as a good directional indicator as to what to expect in the national figures for the same month (published in the middle of next month).</li>
</ul>


The weekly new home sales data indicates a smaller pace of decline for the select 16 major cities with consistent data towards the year-end.
Xi'an stands out as an outperformer. Recent policy easing in Beijing and Shanghai may not be fully reflected in the data yet.
The small-sample weekly data serves as a good directional indicator as to what to expect in the national figures for the same month (published in the middle of next month).


China Property - New Home Sales Growth Less Negative (16 Cities) To Week Ending Dec 24

<ul>
<li>The latest China housing metrics remain weak, 'less negative' by some 12M measures, in line with our forecast from December 2022 data, but watch out for some major data twists</li>
<li>The expanding easing of policies is still far from a major stimulus, and the ‘whitelist’ to support certain developers indicates a selective approach by the policymakers, focused on "risk prevention"</li>
<li>The market for new home sales (mostly pre-sales) diverges from the secondary market, and the policy steers toward affordable housing, public facilities, urban village renovation</li>
</ul>


The latest China housing metrics remain weak, 'less negative' by some 12M measures, in line with our forecast from December 2022 data, but watch out for some major data twists
The expanding easing of policies is still far from a major stimulus, and the ‘whitelist’ to support certain developers indicates a selective approach by the policymakers, focused on "risk prevention"
The market for new home sales (mostly pre-sales) diverges from the secondary market, and the policy steers toward affordable housing, public facilities, urban village renovation


China Property - The Latest Signals In The Housing Markets, Data Caveats | December 2023

<ul>
<li>A weekly curated selection of Chinese news articles and company announcements focused on developers in distress</li>
<li>We look for their deals, updates, specific project progress news ('local signals'), as well as relevant local research commentaries about the market</li>
<li>We do not verify the underlying data or provide any opinion, we only select and summarize the information; See direct links to sources</li>
</ul>


A weekly curated selection of Chinese news articles and company announcements focused on developers in distress
We look for their deals, updates, specific project progress news ('local signals'), as well as relevant local research commentaries about the market
We do not verify the underlying data or provide any opinion, we only select and summarize the information; See direct links to sources


China Property Developers In Distress - Weekly News & Announcements Tracker | Dec 8-14, 2023

China Property Developers In Distress - Weekly News & Announcements Tracker | Dec 1-7, 2023

China

Zhong An Group Limited operates as a real estate development company. The Company builds shopping malls, office buildings, hotels, serviced apartments, and other buildings. Zhong An Group markets its products throughout China.

Crown International Corp Limited engages in the businesses of hotel investment and operation and property investment.

Zhongliang Holdings Group Company Limited operates as a real estate development company. The Company develops and markets high-rise residential buildings, low-rise apartments, villas, commercial facilities, office buildings, and other related areas. Zhongliang Holdings Group provides property management services.

Zhenro Properties Group Limited operates as a real estate development company. The Company builds and markets residential properties, office buildings, hotels, restaurants, and other related areas. Zhenro Properties Group also provides property management services. Zhenro Properties Group serves customers in China.

E-House (China) Enterprise Holdings Limited provides real estate services. The Company offers primary real estate agency, big data and consulting, secondary brokerage platform, and other services. E-House (China) Enterprise Holdings provides services in Hong Kong.

FLJ Group Limited provides real estate services. The Company offers apartment on rental basis. FLJ Group serves customers in China.

China Electronics Optics Valley Union Holding Company Limited develops and operates commercial business parks. The Company upgrades, restructures, develops and operates commercial business properties throughout China.

Beijing North Star Company Limited develops, leases, and invests in properties. The Company operates shopping centers, hotels, restaurants, and recreation businesses.  The Company also provides property management.

Huafa Property Services Group Company Limited operates as a property management company. The Company offers property and facility management, design and engineering consulting, brand introduction, hotel advisory, events, and exhibition services. Huafa Property Services Group serves clients in Hong Kong and China.

A-Living Smart City Services Co., Ltd. offers property management services. The Company provides hydropower maintenance, parking management, home cleaning, and other services. A-Living Smart City Services also engages in interior decoration works, landscaping works, and others.

Newtime Infrastructure Ltd. produces movies.

Lai Sun Development Company Limited, through its subsidiaries, develops and invests in properties.  The Company also operates hotels and restaurants.

Noble Development Public Company Limited develops property ranging from single detached houses to low-rise and high-rise condominiums.  The Company also provides housing construction and project management services.

Tateru, Inc. offers real estate brokerage services. The Company mainly operates apartment management platforms and offers related leasing services. Tateru provides services in Japan.

PT Indonesia Prima Property Tbk develops and sells apartments, houses, and land. The Company also owns and leases office buildings, shopping malls, apartments, and hotels.

SLB Development Ltd. operates as a property development company. The Company develops industrial, commercial, and retail properties.

Nirvana Development Public Company Limited operates as a real estate development company. The Company develops high-rise and low-rise residential projects, as well as manufactures and distributes pile, beam, concrete slap and fence, and aluminum doors and windows. Nirvana Development serves customers in Thailand.

Polaris Capital PCL develops real estate. The Company develops single family homes, townhouses, condominiums, and resorts.

Sietel Limited, through its subsidiaries, invests in industrial and commercial real estate, provides financed and leased facilities, and plant and management services to its controlled entities.  The Company also develops hot water heaters and does vehicle body manufacturing for the commercial automobile industry.

Great Wall Pan Asia Holdings Limited operates as a holding company. The Company, through its subsidiaries, owns a diversified portfolio of real estate assets in Hong Kong.

Kaisa Group Holdings Limited is an integrated real estate company. The Group focuses on urban development and operation. Kaisa Group's real estate business covers the planning, development and operation of large-scale residential properties and integrated commercial properties.

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Kaisa Group Holdings (1638 HK)

China Property Developers In Distress - Weekly News & Announcements Tracker | Dec 29 -Jan 4, 2024

This note is a weekly (Dec 29, 2023 - Jan 4, 2024) curated selection of Chinese news articles and company announcements focused on developers in...

Robert Ciemniak

China Property - New Home Sales Growth Less Negative (16 Cities) To Week Ending Dec 24

China Property: The weekly new home sales data indicates a smaller pace of decline for the select 16 major cities with consistent data towards the...

Robert Ciemniak

China Property - The Latest Signals In The Housing Markets, Data Caveats | December 2023

What's the latest with China's housing markets and what data caveats to watch for? In this note, we draw on the range of data metrics and our...

Robert Ciemniak

China Property Developers In Distress - Weekly News & Announcements Tracker | Dec 8-14, 2023

A weekly (Dec 8-14) curated selection of Chinese news articles and company announcements focused on developers in distress.

Robert Ciemniak

China Property Developers In Distress - Weekly News & Announcements Tracker | Dec 1-7, 2023

A weekly (Dec 1-7, 2023) curated selection of Chinese news articles and company announcements focused on developers in distress.

Robert Ciemniak

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)