JP摩根：中国房地产－2006回顾和2007展望

JPM：China Property 2006 review and 2007 outlook

Asia Pacific Equity Research 07 February 2007 31页

Table of Contents
Jan-07 primary sales ................................................................3
2006 China residential market review.....................................5
China overall property prices rose 5.4% in 2006 .........................................................5
Shanghai ......................................................................................................................7
Beijing........................................................................................................................10
Guangzhou.................................................................................................................13
Shenzhen....................................................................................................................15
Macro data for the four major cities...........................................................................18
2007 outlook ...........................................................................20
Result of previous policies not satisfactory ...............................................................20
2007, what to expect? ................................................................................................22
China property: Not for short-term investors.............................................................23
A summary of up-to-date policies since 2003............................................................24