Recently the housing price in China seemed to have calmed down. However, it is probably still too high considering the price of the house to the income level of the local residents. It is estimated that Dalian and Hangzhou have the highest (housing) price to income ratio in China. Internationally the price to income ratio need to come down to below 8 for houses to become affordable – in China only Changsha and Dongguan seem to be affordable under this criteria.

中国的房价是否还太高？上面这幅图可以给我们一些解答。根据国际水平，房价和收入比低于8才能满足大部分人的购房需求。在中国，大部分城市的房价收入比仍旧远高于8，因此最近房价的下跌似乎没有起到让老百姓买得起房的作用。

Does China have a property bubble? If so what stage is the bubble at? Will the bubble burst? These are questions that have been debated repeatedly among scholars and market observers, yet with strong divided opinions. One of the reasons for the divided views is that it seems quite difficult to agree on the facts to start with. Take the construction pace, for example. Read the rest of this entry »

Recently there is a lot of worry about the outlook of Chinese banks as concerns of property bubble burst continue to grow. If one looks at the exposure of banks to property sector, however, it seems that Chinese property developers and house buyers are not that leveraged compared to Australia and Singapore. The exposure of bank loans to property sector is relatively measured in China.

近来关于中国房地产泡沫破裂的言论尘嚣甚上，也有人因此担心中国银行的安全。但是看一下中国银行贷款对房地产界的贷款率便知，其实中国的房地产开发商和购房者并没有很高的杠杆率，其贷款比和澳大利亚以及新加坡相比要低很多，因此这方面的担心可能是多余的.

Is China’s housing market in a bubble? Will China’s real estate price go up or down? What are the factors behind to support an ever increasing housing price in China? These are all big tough questions. Recently a graph from Credit Suiss caught Chinatells’ attention. Read the rest of this entry »

China’s production of houses has been increasing at least as rapid as the economic growth in the past decade. However, the proportion of economic housing space, which is supposed to be supplied to those who are unable to afford to a house, has continued to decrease on a proportional basis. According to the data from CEIC, the total floor space constructed has increased from around 100 million Read the rest of this entry »

The housing price in Shanghai is increasingly unaffordable according to a latest study. The Shanghai housing price affordability index has continued to go up since 2008, reaching almost the high in 2004. An increase in such an index shows Read the rest of this entry »

China’s housing price might have more potential to go down rather than go up. A review of the relationship between the price of China’s national property price and Chinese real estate companies listed on A share shows such a trend. Read the rest of this entry »

The recent tightening measure from the central government in the property sector has brought some hope for those who are still short of a flat. Read the rest of this entry »

A cross nation comparison shows that China’s households are not leveraged at all in terms of house mortgage. In the last ten years, Read the rest of this entry »

China’s Housing Price is the highest in the world based on housing price/income ratio and far leads the second runners. According to a latest study, Read the rest of this entry »