Sales Post: SRE Group (1207 HK)

SRE Group (1207 HK) is the property developer as well as investor which focus on the Shanghai property market. The company has been diversifying into Shenyang as well as Hainan. As of the end of 2008, the group’s was engaged in development of at least ten real estate projects with cumulative floor area of some 5.0m2.

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Sales Post: China property sector

Since October last year, the Central Government has launched two rounds of supportive policies for the China property sector, mainly focused on cutting transaction/business taxes, lowering effective mortgage rates, strengthening the construction of social welfare housing and loosening credit control over the secondary ordinary residential house of upgraders. Local governments also supported the property sector. Monetary easing should provide boost to the sentiment in the economy and China's property market. Hombuyer’s affordability will also be enhanced . Low interest will lower developer’s financial burden. The monetary easing promoted by the government will also help developers to resolve their refinancing issue.

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