Luxury Residential Overview
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Mass Residential Market Overview
North New City
Residential Supply and Transaction
Ya
ng
xi R in Downtown Chengdu
o ad
16.00
Gu a n 14.00
g hua
GFA ( million sm)
A ve nu 12.00
e
10.00
City Centre oad
Jianshe R 8.00
Qingshuihe-Shuangnan
6.00
4.00
Zijing 2.00
Ch 0.00
en
gr
en 2003 2004 2005 2006 2007 2008
Ro
ad
Supply Transaction
Source: Chengdu Real Estate Administration Bureau
South New City
Major Residential Clusters
CB Richard Ellis | Page 2
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Luxury Residential at a Glance Q4 09
Apartment Villa
Asking Rents (RMB psm per month) 32.7 88.2
Q-o-Q Change -2.2% +1.1%
Capital Values (RMB psm) 9,401 15,452
Q-o-Q Change +12.5% +0.6%
Source: CB Richard Ellis
CB Richard Ellis | Page 3
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Market Performance
Luxury Residential Rental Index Luxury Residential Price Index
200 240
Index (Q1 2003=100)
200
Index (Q1 2003=100)
160
160
120
120
80
80
40
40
0 0
Q1 01
Q3 01
Q1 02
Q3 02
Q1 03
Q3 03
Q1 04
Q3 04
Q1 05
Q3 05
Q1 06
Q3 06
Q1 07
Q3 07
Q1 08
Q3 08
Q1 09
Q3 09
Q1 01
Q3 01
Q1 02
Q3 02
Q1 03
Q3 03
Q1 04
Q3 04
Q1 05
Q3 05
Q1 06
Q3 06
Q1 07
Q3 07
Q1 08
Q3 08
Q1 09
Q3 09
Apartment Villa Apartment Villa
Source: CB Richard Ellis
n Luxury apartment prices appreciated significantly in the fourth quarter as home buyers expedited their
decision-making with the expiration date of certain incentives approaching and the launching of some
high-standard and fully-fitted-out projects into the market. The average price rose 12.5% q-o-q to RMB
9,401 psm. However, the transaction volume dropped to about 2,000 units due to the limited stock and
new supply.
n Rentals also dropped 2.2% q-o-q to RMB 32.7 psm per month due to seasonal factors.
CB Richard Ellis | Page 4
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Existing Luxury Apartments
Name of the Project
Europe City (桐梓林欧
1 OCT (华侨城) 15
城)
International Community Guannan Shangyu
2 16
(中海国际社区) (观南上域)
3 You Pin Dao (优品道) 17 Sandalwood (紫檀)
1 Dragon Bay Peninsula
4 18 Le Parc (南城都汇)
2
(中海龙湾半岛)
Egret Island International
5 Community (鹭岛国际社 19 Crystal Park (晶科名苑)
26 区)
24 11
Huamin Shijia Garden
3 6 Emerald (叠翠峰) 20
(华敏世家花园)
4
5
9 10 Fragrant Courtyard Orchid Garden
7 12
7 21
(海珀香庭) (中海兰庭)
27 8 One City South (城南1号) 22 Phoenix City (凤凰城)
151617 13
14
6
Riverside New World
9 Chancellery （78号观邸) 23
(河畔新世界)
18 19
20 Tianfu Times Residence
8 10 24 The Loft (风尚)
(天府时代豪庭)
11 The Paradiso (金域蓝湾) 25 Century View (世纪峰景)
21 22 25
Longfor 3000 City
12 24 City (二十四城) 26
(龙湖三千城)
13 Jade City (翡翠城) 27 Lifu Park （丽府花园）
Shenxianshu Dayuan
14
(神仙树大院)
Source: CB Richard Ellis
Price reference for luxury apartments in Q4 2009 > RMB 8,000 psm (Bare Units)
CB Richard Ellis | Page 5
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Upcoming Luxury Apartments
Name of the Project
1 Singland Excellency (朗御)
2 Metropolis Height (都汇华庭)
3 Chinese Estates Plaza (华置广场)
4 Rong Mansion (蓉国府)
7 5 Cosmos (誉峰)
11
6 Kerry Project (雅颂居)
7 Splendid City (西锦城)
8
8 Regency Oasis (彩叠园）
Forte South City Project
9
3
1
(复地城南项目)
2
10 Poly Center (保利中心)
12
13 China Overseas Supo Village
10 11
4 Project (中海苏坡乡项目)
Wharf Yixinqiao Project
12
(九龙仓一心桥项目)
5 Yanlord Panchenggang Project
13
(仁恒攀成钢项目)
6 14 Poly City Center (保利城市广场)
9
14 Source: CB Richard Ellis
CB Richard Ellis | Page 6
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Existing Luxury Villas
3
4 17 Name of the Project
Dujiangyan
1 Huanhuali (浣花里)
Dragon Bay Peninsula
2
(中海龙湾半岛)
14
3 Gao Shan Liu Shui (高山流水)
Dujiang Forest Villa
16 4
(都江森林别墅)
International Community
5 5
(中海国际社区)
6 Chanson (香颂岛)
6
7 7 King Valley (金河谷)
8 Mt. Shepherd (置信牧山丽景)
2 1 9 Golf House (中航云岭)
10 Bridge County (龙湖长桥郡)
15
11 Luxehills (麓山国际社区)
12 La Cadiere (蔚兰卡地亚)
13 Agile (雅居乐)
14 Poly Park 198 (保利公园198)
Zhixin Lidu Garden City
15
8 9 (置信丽都花园城)
10
16 OCT (华侨城)
Mumashan
17 Yiling Jinjiang (逸岭锦江)
18 Lanshan Xigu (蓝山溪谷)
11
13
12 Source: CB Richard Ellis
18
Price reference for luxury villas in Q4 2009 > RMB 12,000 psm (Bare Units)
CB Richard Ellis | Page 7
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Upcoming Luxury Villas
1 Name of the Project
2
Longfor Qingcheng Project
1
Dujiangyan (龙湖青城山项目)
Your Home Qingcheng Project
2
(远鸿青城山项目)
3 Regency Oasis (彩叠园)
C&D Qiandaoguoji
4
(建发千岛国际)
C C Land & Guojia Real Estate
5
Project (中渝置业&国嘉地产项目)
3
6 Feilishan (三盛·翡俪山 )
Longxin Yangliuhe Project
7
(隆鑫杨柳河项目)
Longfor Xinjin Project
8
(龙湖新津项目)
Source: CB Richard Ellis
5
6 7
8
Mumashan
4
CB Richard Ellis | Page 8
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Luxury Residential Supply Overview
28,000
24,000
20,000
NO. of Unit
16,000
12,000
8,000
4,000
0
2010 2011 2012
Apartment Villa
Source: CB Richard Ellis
CB Richard Ellis | Page 9
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Rental/Price Trend
40 12,000
35
10,000
RMB psm per month
30
8,000
25
RMB psm
20 6,000
15
4,000
10
2,000
5
0 0
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010F
2011F
2012F
Rental Price
Source: CB Richard Ellis
CB Richard Ellis | Page 10
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Market Outlook
n There will be more fitted-out projects as
high-price plots come on stream and home
buyers start to accept them.
2012F
n Although the government started to
regulate the market since December 2009,
2011F upgrading demand from Chengdu and its
surrounding cites are expected to bolster
2010F the luxury residential market to some exent.
2009
2008
2007
2006
2005
-10.0% -5.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0%
Rental Price
Source: CB Richard Ellis
CB Richard Ellis | Page 11
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Select Upcoming Projects
Singland Excellency Agile Garden
District Jinjiang District Huayang
Area Internal Ring-1st Ring Area Outside City Expressway
Location Dongda Street Location Lushan Avenue
Total GFA 54,000 sm Total GFA 1.72 million sm
Sales Sales
2010 - 2011
Schedule 2007-2012
Schedule
Units Approx 468
Units Approx 10,500
Developer Singland Developer Agile
Rong Mansion Chinese Estates Plaza
District Wuhou District Qingyang
Area 1st Ring- 2nd Ring Area Internal Ring-1st Ring
Location South Renmin Road Location South Taisheng Road
Total GFA 73,600 sm Total GFA 400,000 sm
Sales Sales
2010-2011 2010 - 2012
Schedule Schedule
Units Approx 735 Units Approx 1,130
Developer Huayu Group Developer Evergo
Source: CB Richard Ellis
CB Richard Ellis | Page 12
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Thank you.
CB Richard Ellis | Page 13
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