Citigroup 花旗：中国地产行业深度研究(36页)

　　Asian Property Strategist－China Property－

　　　　　Playing the Tightening Months

2 March 2007 | 36 pages

Contents
Over-correction enhances buying opportunities 3
Assessing growth potential for China property 4
Bubbles in the China property market? 5
Industry consolidation leads to growing market share 6
Growing share of a growing pie 6
Government measures should lead to healthier growth 7
What to expect for the rest of 2007? 8
Who would lose? 8
Who would benefit? 8
Over-correction provide buying opportunities 13
Property prices of different cities 14
Major cities 14
Other cities 15
Demographic and economic statistics of different cities 20
Appendix A-1 34
Analyst Certification 34