China New Town

Property companies are in for a winter in China for the next 12 months.
The Govt will not crash the sector as they still depend on the sales of land for their income. But they will not allow the prices to balloon too for fear of social unrest.
If you read the Chinese news, even giant property players like Powerlong is seeking a 1 billion debt with interest rate as high as 13%.
Exercise caution in buying property-related PRC companies.

HK property companies all soared. In SG, Yanlord has run .... Now it's China New Town's turn. 6.7 cents . Still way below what it was a few months ago ... Just my 2 yuan worth.

No sign of stirring yet. 6.2

Earnings are choppy due to nature of its business, dependent on land sales whose schedule is determined not by itself but by the govt.

Are Ying Li Real Estate and Yanlord better buys for exposure to PRC property market?

I am conservative on China property plays because, like in Singapore, the govt wants to dampen prices so that the people can afford housing. The latest news from China is quite stark:
HONG KONG (MarketWatch) -- China is seeking a "reasonable correction" in housing prices, Chinese Premier Wen Jiabao reportedly said Monday, affirming the government will keep its policy stance involving administrative controls and other measures intended to cool the market. Wen was cited by the Chinese-language Phoenix TV as saying during a visit to Russia that Beijing will seek to make homes more affordable and promote a stable and healthy development of the housing sector
 

Oh man, the answer is 'yes' if you ask Peter Lim Eng Hock, the ex-remisier king. Yanlord has just announced that Peter Lim has become a subst shareholder. Oh groan, I should have bought when it was 80 cents...... sob sob
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[garl 01-11-2011]:

Are Ying Li Real Estate and Yanlord better buys for exposure to PRC property market?