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  • Land Market Heats Up Since Aug 0 comments
    Sep 26, 2012 1:48 AM | about stocks: CVKEF, CVKEY, CRBJF, CRBJY

    Source: Economic Information, ChinaScope Financial (Data)

    + According to latest data, China Vanke (000002: SHE) has acquired 17 land parcels since August. Meanwhile, China Vanke, China Resources Land (1109: HKG), and China Merchants Property Development (000024: SHE) have spent CNY 13.4 billion, CNY 5.4 billion and CNY 4.5 billion, respectively, on land purchase since August, surpassing the total figure over the first seven months.

    + Industry insiders say that the large-scale land purchases among developers since August was seen for the first time since China started policy control on the property market in 2011. After destocking land reserves over the past 20 months, developers are in urgent need to replenish their land reserves for future development. Furthermore, the financial status of developers has improved given the recovering housing transactions over the past months and local governments' increasing land supply, which heats up the land market to some extent.

    Vanke (000002: SHE) and Longfor (0960: HKG) are leading the recent acceleration in land acquisitions.

    (click to enlarge)

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