作者Caral WU，共81页，目录如下：
TABLE OF CONTENTS
Who sold the most? 7
Who is well on track of achieving sales target? 8
Who sold at the highest price? 9
Who was the most aggressive in land acquisition? 10
Who entered into Hong Kong main board? 11
Where was the funding from? 12
Where was the funding from? (Cont’d) 13
Where was the funding from? (Cont’d) 14
What was the sales trend of each company? 15
Which city grew the fastest in price? 18
What were the trends of ASP and sales volume in each city? 19
What were the trends of ASP and no. of units sold in each city? 25
Are there enough to sell? 31
Is it affordable? 35
Will people buy now? 37
What were the trends of affordability in each city? 38
How about secondary market transactions? 43
What about office? 44
What is the rental yield in each city? 45
What about retail? 46
What about hotel? 46
What do the national figures tell us? 47
Where does the launch of policies drive share prices to? 50
How about macro economic growth? 62
Which developers are most diversified? 64
A glance of financial forecasts for developers 70
Discount to NAV and PE & PB trend 72

长报告，内容比较丰富。