China top news    Greenland Holding adds projects of total 1.2m sqm GFA in JulyGreenland Holding (600606.SS) added four development projects in July 2017,with a total GFA of 1,234.5k sqm. Greenland invests via partnership withinterests in the range of 49% to 85%. The total land cost is RMB1.72bn. The sitesat Nanjing, Shandong, Guiyang, Hongya County Sichuan account for a total landarea of 1,097.7k sqm. (Guandian)Beijing unofficial presale ASP limit to be maintained: media report    Media reported that three development projects in Beijing obtained presalepermits with an average ASP of RMB95k psqm, higher than RMB80k whichthe industry understands as the limit on ASP of new houses set by thegovernment unofficially. A representative from the Beijing Real EstateAssociation said these are exceptional cases for their high land cost incurred in2015, stating that the officials are not going to relax the general limit. Anotherreason is that the three projects are located in an area where the currentsecond-hand prices are as high as above RMB100k psqm. (CFI)Hong Kong top news    EDITION 178 receives 34x oversubscription    EDITION 178, Kwai Chung has received 4,800 tickets (34x oversubscription ona total of 136 units) for the sale on 12 August. Media reported that a half of theinterest came from youngsters of 80s/90s, as the development targeted thesmall-flat market, popular among first-time buyers. The saleable ASP is in therange of HK$13,995 to HK$21,351 after discounts. (HKET)

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