China / Hong Kong Industry Focus
China Property Sector

ANALYST
Danielle WANG, CFA

Property price growth softens
• Major cities witnessed a significant drop in sales volume in
Feb with slight price correction
• Developers generally outperformed the market with large
players recording a decrease in ASP
• Government may slow down tightening if property prices
continues to soften
• Buy strong players on weakness: Evergrande (3333 HK),
CRL (1109 HK), and Shimao (813 HK) in order of
preference
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