China Property Sector:Key takeaways from China property conference

China Real Estate Association (CREA) and another two associations co-organized an annual China property conference yesterday. Key messages are 1) the property market is improving, especially in major cities; and 2) developers are changing strategies and business models and believe that market are willing to give higher valuations to those with E-commerce related developments.

    We maintain our sector view that 1) home sales will continue to pick up with stronger growth in major cities; 2) inventory will peak in 2-3Q15; and 3) HK-listed developers will get new funding from PRC. OVERWEIGHT reiterated.